How Much It Costs To Buy a House in the Biggest College Town in Every State

ajcasanova / iStock.com
ajcasanova / iStock.com

Vibrant, youthful and packed with plenty to do, college towns can be great places to live -- and with a never-ending stream of potential renters, they're also fantastic spots for investment properties.

Mortgage Interest Rate Forecast for 2023: When Will Rates Go Down?
Also: 3 Things You Must Do When Your Savings Reach $50,000

GOBankingRates used Washington Post data to identify the urban area in all 50 states with the highest concentration of college students. Many of them are small towns where the presence of a single school can make students a major chunk of the population.

All home value data comes from Zillow as of March 15, 2023. But the site doesn't offer specific information on a handful of towns. In those cases, the stated home value is the average of the surrounding area. For example, Air Force Academy, Colorado, includes data from Colorado Springs. For Mississippi, home values are from Hinds County instead of Raymond.

Keep reading to learn what it takes to own a home in the most college-centric town in every state.

Also see the best banks for college students in 2023.

Troy-Alabama-iStock-1421131496
Troy-Alabama-iStock-1421131496

Troy, Alabama

  • Median home value: $169,493

Home to the flagship among four Troy University campuses in the state, 31% of Troy's population consists of college students.

Take Our Poll: Are You Planning To Buy or Sell a House This Year?

Chilkoot / Getty Images/iStockphoto
Chilkoot / Getty Images/iStockphoto

Northeast Anchorage, Alaska

  • Median home value: $366,102

The University of Alaska Anchorage, Alaska Pacific University and Wayland Baptist University-Anchorage are all in or adjacent to Northeast Anchorage, where one in 10 residents is a student.

Frank Bach / Shutterstock.com
Frank Bach / Shutterstock.com

Flagstaff, Arizona

  • Median home value: $603, 547

The main campus of Northern Arizona University -- there are more than 20 in the state -- is located in Flagstaff.

Arkadelphia-iStock-1342014360
Arkadelphia-iStock-1342014360

Arkadelphia, Arkansas

  • Median home value: $144,120

Henderson State University, Southern Arkansas University Main Campus and Ouachita Baptist University are three of the six colleges and universities -- four private and two public -- in the Arkadelphia area.

Chris Allan / Shutterstock.com
Chris Allan / Shutterstock.com

Davis, California

  • Median home value: $836,565

UC Davis, home of the Aggies, is considered a Public Ivy and the heart of California college culture.

JW_PNW / Shutterstock.com
JW_PNW / Shutterstock.com

Air Force Academy, Colorado

  • Median home value: $441,691

The United States Air Force Academy is a census-designated region within the Colorado Springs metro region.

Feverpitched / Getty Images/iStockphoto
Feverpitched / Getty Images/iStockphoto

Willimantic, Connecticut

  • Median home value: $205,402

Willimantic is home to Eastern Connecticut State University.

Jon Bilous / Shutterstock.com
Jon Bilous / Shutterstock.com

Dover, Delaware

  • Median home value: $289,960

Both Delaware State University and Wesley College are located in the state's capital.

Bryan Pollard / Getty Images
Bryan Pollard / Getty Images

Gainesville, Florida

  • Median home value: $279,105

The sprawling University of Florida campus dominates the city of Gainesville.

Gwringle / Wikimedia Commons
Gwringle / Wikimedia Commons

Dahlonega, Georgia

  • Median home value: $304,776

Dahlonega is home to one of five University of North Georgia campuses, which have roots dating back to the 1870s.

Shutterstock.com
Shutterstock.com

Laie, Hawaii

  • Median home value: $1,293,986

Laie hosts the Hawaii satellite campus of Brigham Young University.

Ken Lund / Wikimedia Commons
Ken Lund / Wikimedia Commons

Rexburg, Idaho

  • Median home value: $385,903

Far across the Pacific from Laie is Rexburg, which is also home to a Brigham Young University campus.

Feverpitched / iStock.com
Feverpitched / iStock.com

Macomb, Illinois

  • Median home value: $91,161

Founded in 1899, Western Illinois University makes Macomb the state's top college town.

ajcasanova / iStock.com
ajcasanova / iStock.com

Upland, Indiana

  • Median home value: $182,206

One of America's oldest Evangelical Christian colleges, Taylor University has been part of Upland's culture since the 1840s.

EQRoy / Shutterstock.com
EQRoy / Shutterstock.com

Ames, Iowa

  • Median home value: $252.723

The state's largest higher education institution, Iowa State University has its main campus in Ames.

DenisTangneyJr / iStock.com
DenisTangneyJr / iStock.com

Manhattan, Kansas

  • Median home value: $243,365

Although it shares a town with Manhattan Christian College, Kansas State University is why Manhattan is the No. 1 college town in the state.

CHRISsadowski / Getty Images
CHRISsadowski / Getty Images

Morehead, Kentucky

  • Median home value: $133,334

Morehead State University consistently ranks as one of the best regional public colleges in the South.

Clotee Pridgen Alloc... / Wikimedia Commons
Clotee Pridgen Alloc... / Wikimedia Commons

Ruston, Louisiana

  • Median home value: $200,721

The largest city in the Eastern Ark-La-Tex region, Ruston is home to Louisiana Tech University, with Grambling State University next door in Grambling.

LifestyleVisuals / Getty Images/iStockphoto
LifestyleVisuals / Getty Images/iStockphoto

Farmington, Maine

  • Median home value: $230,760

Known as UMF, the University of Maine Farmington is part of the statewide UM system.

Jeff Manes / Getty Images/iStockphoto
Jeff Manes / Getty Images/iStockphoto

Prince Ann, Maryland

  • Median home value: $177,697

Prince Ann takes the top spot thanks to the University of Maryland Eastern Shore, a historically black public land-grant research college.

Feverpitched / Getty Images/iStockphoto
Feverpitched / Getty Images/iStockphoto

North Adams, Massachusetts

  • Median home value: $209,596

Although the state is famous for Harvard, MIT, BU, BC and the other big-name schools in the east, North Adams in the west wins thanks to the Massachusetts College of Liberal Arts.

fstop123 / Getty Images
fstop123 / Getty Images

Big Rapids, Michigan

  • Median home value: $173,488

The student body of Ferris State University can take most of the credit for Big Rapids' position at the top of the list of Michigan college towns.

tmphoto98  / Shutterstock.com
tmphoto98 / Shutterstock.com

Northfield, Minnesota

  • Median home value: $340,243

Carleton College and St. Olaf College -- both private liberal arts schools -- have made their homes in Northfield.

mamarama / Getty Images/iStockphoto
mamarama / Getty Images/iStockphoto

Raymond, Mississippi

  • Median home value: $103,560

Hinds Community College is the only school in Raymond, but the town is just west of Jackson, home to Jackson State University, Millsaps College and Mississippi College.

LightFieldStudios / iStock.com
LightFieldStudios / iStock.com

Maryville, Missouri

  • Median home value: $194,056

Maryville is the home base for both Northwest Missouri State University and Maryville University.

aceshot1 / Shutterstock.com
aceshot1 / Shutterstock.com

Bozeman, Montana

  • Median home value: $639,735

The student population of Montana State University buoys the Rocky Mountain town of Bozeman.

Ivan_Sabo / iStock.com
Ivan_Sabo / iStock.com

Wayne, Nebraska

  • Median home value: $188,981

Wayne State College, part of the Nebraska State College system, calls its namesake city home.

CHRISsadowski / Getty Images
CHRISsadowski / Getty Images

West Wendover, Nevada

  • Median home value: $246,683

With no major colleges in town or on its borders, just 8% of West Wendover's population is made up of students, making it one of the three least college-dominated towns on the list.

DenisTangneyJr / Getty Images
DenisTangneyJr / Getty Images

Plymouth, New Hampshire

  • Median home value: $302,021

Plymouth is a classic New England college town, with Plymouth State University anchoring the city's campus culture.

YinYang / Getty Images/iStockphoto
YinYang / Getty Images/iStockphoto

Browns Mills, New Jersey

  • Median home value: $220,620

Joining Providence and West Andover at 8% in a three-way tie for last place is Browns Mills, where no colleges are located. But Rutgers and Princeton are nearby.

Shutterstock.com
Shutterstock.com

Socorro, New Mexico

  • Median home value: $160,812

New Mexico Tech, one of the top STEM colleges in America, is located in Socorro.

Shutterstock.com
Shutterstock.com

Alfred, New York

  • Median home value: $148,777

Alfred University dominates its tiny namesake town so thoroughly that Alfred is the country's top college town -- 85% of its residents are students.

Cvandyke / Shutterstock.com
Cvandyke / Shutterstock.com

Boone, North Carolina

  • Median home value: $417,505

Founded in 1899 as a teacher's college, Appalachian State University earns Boone its title of North Carolina's top college town.

DenisTangneyJr / Getty Images
DenisTangneyJr / Getty Images

Grand Forks, North Dakota

  • Median home value: $242,414

Hugging the Minnesota border, the University of North Dakota is Grand Forks' claim to college fame.

Use Professional Signage
Use Professional Signage

Cedarville, Ohio

  • Median home value: $252,463

Cedarville University, a private Baptist college, is enough for Cedarville to tie for third place on the list -- 67% of its population is made up of college students.

DenisTangneyJr / iStock.com
DenisTangneyJr / iStock.com

Stillwater, Oklahoma

  • Median home value: $217,223

Home of the Cowboys, Oklahoma State University is located in Stillwater.

Shutterstock.com
Shutterstock.com

Corvallis, Oregon

  • Median home value: $507,808

Located in Central Western Oregon, Corvallis is dominated by the campus of Oregon State University.

Shutterstock.com
Shutterstock.com

Slippery Rock, Pennsylvania

  • Median home value: $135,218

Slippery Rock University's influence is so great that the town it calls home ties for third place, with 67% of its population being college students.

stevegeer / Getty Images
stevegeer / Getty Images

Providence, Rhode Island

  • Median home value: $334,007

Despite the presence of Brown University, Providence College and Rhode Island College, Providence ties for last place with a college population of just 8%.

Ivan_Sabo  / iStock.com
Ivan_Sabo / iStock.com

Denmark, South Carolina

  • Median home value: $61,537

Students from Voorhees University, a private HBCU, account for more than one in four residents of tiny Voorhees.

Library of Congress / Wikimedia Commons
Library of Congress / Wikimedia Commons

Vermillion, South Dakota

  • Median home value: $231,521

The University of South Dakota gives Vermillion its large student population.

Use Professional Signage
Use Professional Signage

Martin, Tennessee

  • Median home value: $165,568

UT Martin is one of five campuses in the University of Tennessee system.

jhorrocks / Getty Images/iStockphoto
jhorrocks / Getty Images/iStockphoto

Prairie View, Texas

  • Median home value: $158,901

With students representing 78% of the population, Prairie View is second only to Alfred, N.Y., thanks to Prairie View A&M University.

Kordale Bean / Shutterstock.com
Kordale Bean / Shutterstock.com

Ephraim, Utah

  • Median home value: $331,720

Snow College, home of the Badgers, has enough students to give tiny Ephraim top billing in Utah.

Jd4508 / Wikimedia Commons
Jd4508 / Wikimedia Commons

Middlebury, Vermont

  • Median home value: $361,027

Middlebury College has not just a campus, but an entire farm in its hometown.

obak Ha'Eric / Wikimedia Commons CC-BY-SA 3
obak Ha'Eric / Wikimedia Commons CC-BY-SA 3

Lexington, Virginia

  • Median home value: $289,773

The Virginia Military Institute and Washington and Lee University are both located in Lexington.

redfishweb / Getty Images/iStockphoto
redfishweb / Getty Images/iStockphoto

Pullman, Washington

  • Median home value: $403,699

Pullman is home to the flagship campus of Washington State University.

Shepherdstown-iStock-172639813
Shepherdstown-iStock-172639813

Shepherdstown, West Virginia

  • Median home value: $412,328

Shepherd University earns its home city the top spot in West Virginia.

Whitewater-Wisconsin-iStock-500422964
Whitewater-Wisconsin-iStock-500422964

Whitewater, Wisconsin

  • Median home value: $255,999

The University of Wisconsin Whitewater is a public university known as UWW or just UW.

RiverNorthPhotography / Getty Images
RiverNorthPhotography / Getty Images

Laramie, Wyoming

  • Median home value: $339,770

More than 14,000 students attend the University of Wyoming -- Laramie.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: How Much It Costs To Buy a House in the Biggest College Town in Every State

Advertisement