An Inman News article released today listed the top 10 cheapest and top 10 most expensive college towns in the USA. Michigan had two entries in the least expensive category - Eastern Michigan University in Ypsilanti at number 3 with an average list price of $107,458, and Western Michigan University in Kalamazoo at number 5 with an average market list price of $116,455.
The least expensive college town listed was the University of Memphis, in Tennessee at $89,244. They were also the only town where the average listing price was below $100,000.
Eight of the ten most expensive towns were in the western part of the country, with UCLA (Westwood CA) being tops. The average listing price in that market is $1,271,428. The bottom of the list for most expensive college towns was Annapolis Maryland, home of the US Naval Academy. Their average list price is $522,420.
I guess that means that East Lansing and Ann Arbor fell somewhere in the middle. Inman News is a Real Estate industry news service.
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