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A college town can be a great spot for investors. Rents are usually stable and there\u2019s generally always a pool of tenants to choose from.<\/p>\n\n
\nRead more<\/strong>: Off-Campus Housing<\/a> Is Hot<\/span><\/p>\n<\/blockquote>\n\n
\u201cIt\u2019s always great to invest<\/a> in a location where there is a large pool of tenants, which is exactly what you get when you invest in a property near a school like Georgia Institute of Technology,\u201d says Rory Haigler, a Redfin real estate<\/a> professional. The Georgia Institute of Technology topped Redfin\u2019s list as the best college town investment. \u201cThe pool of potential tenants is also stable with new students coming in every year, so a property owner really doesn\u2019t have to worry about where they will find the next tenant.\u201d<\/p>\n\n
Redfin researchers tracked the best college towns for investors, factoring in affordability in homes near the school, walkability scores, and low tuition costs and fees. The following are the 10 best college towns to buy an investment property, according to the brokerage\u2019s research:<\/p>\n\n
1. Atlanta\u2014Georgia Institute of Technology<\/p>\n\n
- Median List Price:\u00a0$235,000<\/li>\n<\/ul>
2. Chapel Hill, N.C.\u2014University of North Carolina-Chapel Hill<\/p>\n\n
- Median list price: $175,000<\/li>\n<\/ul>
3. Baltimore\u2014Johns Hopkins University<\/p>\n\n
- Median list price: $154,900<\/li>\n<\/ul>
4. St. Louis\u2014Washington University in St. Louis<\/p>\n\n
- Median list price: $149,900<\/li>\n<\/ul>
5. Columbus Ohio–Ohio State University-Columbus<\/p>\n\n
- Median List Price:\u00a0$155,000<\/li>\n<\/ul>
6. Houston\u2014Rice University<\/p>\n\n
- Median List Price:\u00a0$239,900<\/li>\n<\/ul>
7. Philadelphia\u2014University of Pennsylvania<\/p>\n\n
- Median List Price: $179,900<\/li>\n<\/ul>
8. Rochester, N.Y.\u2014University of Rochester<\/p>\n\n
- Median List Price:\u00a0$114,900
\u00a0<\/li>\n<\/ul>9. Pittsburgh\u2014University of Pittsburgh<\/p>\n\n
- Median List Price:\u00a0$165,000
\u00a0<\/li>\n<\/ul>10. Cleveland\u2014Case Western Reserve University<\/p>\n\n
- Median List Price:\u00a0$216,000<\/li>\n<\/ul>
Source: \u201cThe 20 Best College Towns to Buy an Investment Property,\u201d Redfin Research Center (April 14, 2017)<\/em><\/p>\n<\/div>\n \n \n<\/pre>\n\n<\/div>\n\n\n
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