Greetings neighbors,

This state like other states throughout the nation have college sport teams, although some are better than others, there are several college towns throughout the U.S.  What many of you may not know about these college towns is that real estate in these areas are very affordable compared to non college towns.

According to Coldwell Banker's Home Price Comparison Index, areas that contain college and universities have very affordable homes. The index compared similarly sized 2,200 sq. ft. 4 bedroom, 2.5 bath homes that serve as home to the 120 Football Bowl subdivision homes. The results revealed that Akron, Ohio, which is home to Akron University, came in at number one for the most affordable college town with a 4 bedroom, 2.5 bath costing approximately $121,885. Coming in at number 2 was Muncie, Ind., home to Ball State University where a 4 bedroom, 2.5 bath can run approximately $144,996, and Ann Harbor Mich. home to Michigan University, which the same sample home can cost $148,000.

Overall, the 2009 College HPCI revealed that out of the 72 college markets surveyed, buyers can find a 4 bedroom home for less than $250,000. In addition, Athens Ga., (University of Georgia) was one of the iconic college towns surveyed in which a 4 bedroom home cost approximately $205,862.

By far, college towns may be one of the real estate industry's best kept secrets.