Tulsa Ranks In Top 10 Affordable College Towns

Tulsa ranks as the sixth most affordable college town based on a new national study.

The study by Coldwell Banker Real Estate examined the home markets of the 120 Football Bowl Subdivision schools.

The study used an average 2,200 square foot, four-bedroom, two-and-a-half bathroom home as its comparison model. In 62 percent of the markets, the average price was below $250,000.

Akron, Ohio, home of the University of Akron, was ranked as most affordable, with the model home costing $121,885. In Tulsa, that same home cost $154,800.

On the other end of the scale, Palo Alto, California, home of Stanford University, topped the most expensive places. That same home cost $1.49 million.

"College markets have long-been one of the real estate industry best-kept secrets," said Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate LLC. "Real estate professionals have been investing in college towns for years, often purchasing homes for their children who are attending school. However, these vibrant cities are not only for students; many empty nesters and families are attracted to the health care systems, culture and overall quality of life that college towns offer."

The full press release with a complete list of rankings can be found at http://hpci.coldwellbanker.com/hpci_press.aspx.