{"id":3912,"date":"2017-04-27T00:00:00","date_gmt":"2017-04-27T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/buy-vs-rent-the-top-rated-college-towns\/"},"modified":"2017-04-27T00:00:00","modified_gmt":"2017-04-27T00:00:00","slug":"buy-vs-rent-the-top-rated-college-towns","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/buy-vs-rent-the-top-rated-college-towns\/","title":{"rendered":"Buy vs. Rent? The Top-Rated College Towns"},"content":{"rendered":"

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Baltimore, home to Johns Hopkins University, ranks as the top college town housing<\/a> market where buying makes more financial sense than renting, according to a new analysis by realtor<\/a>.com\u00ae. In Baltimore, the average monthly homeownership cost of $775 is more affordable than the average $1,443 monthly cost of renting.<\/p>\n\n

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Read more<\/strong>: 10 Best College Towns for Investors<\/span><\/p>\n<\/blockquote>\n\n

For its rankings, realtor.com\u00ae compared the average monthly rental costs to the average monthly home payment (including mortgage<\/a>, property taxes, and insurance<\/a>) in markets near notable colleges and university.<\/p>\n\n

“College tuition in the U.S. has increased more than 60 percent over the last 10 years,” says\u00a0Javier Vivas, manager of economic research for realtor.com\u00ae. “Assuming you can afford the down payment, owning a home that your child can live in while at school can help cut the high costs of off campus living. It also makes a great future investment as a steady flow of students into the town continues to drive demand.”<\/p>\n\n

In realtor.com\u00ae\u2019s 10 top college town investment findings, researchers found it takes an average of 21 percent of the local median household income to buy a home in those counties, compared to 28 percent for the U.S. overall. Renting, however, in these markets is pricier, which requires an average 27 percent of income compared to 25 percent for the U.S.<\/p>\n\n

The following are the top 10 college towns that topped realtor.com\u00ae\u2019s list<\/p>\n\n

  1. Baltimore (Johns Hopkins University): $775 (homeownership cost); $1,443 (rent payments)<\/li>\n\t
  2. South Bend, Ind. (University of Notre Dame): $470 (buying); $856 (renting)<\/li>\n\t
  3. West Lafayette, Ind. (Purdue University): $666 (buying); $970 (renting)<\/li>\n\t
  4. East Lansing, Mich. (Michigan State University): $628 (buying); $930 (renting)<\/li>\n\t
  5. Philadelphia (University of Pennsylvania): $964 (buying); $1,252 (renting)<\/li>\n\t
  6. College Park, Md. (University of Maryland): $1,699 (buying); $1,971 (renting)<\/li>\n\t
  7. Cleveland (Case Western Reserve University): $677 (buying); $866 (renting)<\/li>\n\t
  8. Swarthmore, Pa. (Swarthmore College): $1,128 (buying); $1,252 (renting)<\/li>\n\t
  9. Milwaukee (Marquette University): $856 (buying); $954 (renting)<\/li>\n\t
  10. Champaign, Ill. (University of Illinois at Urbana-Champaign): $875 (buying); $956 (renting)<\/li>\n<\/ol>

    Source: realtor.com\u00ae<\/em><\/p>\n<\/div>\n \n \n<\/pre>\n\n<\/div>\n\n\n
    [ad_2]\n
     link <\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

    Baltimore, home to Johns Hopkins University, ranks as the top college town housing market where buying … Buy vs. Rent? The Top-Rated College Towns<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3913,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,1403,625,12908,543,627,617,344,698,4421,408,1007,41,818,678,645,1262],"class_list":["post-3912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-buy","tag-down-payment","tag-home","tag-home-buying-guide","tag-homeowners","tag-house","tag-housing","tag-insurance","tag-monthly-rent","tag-mortgage","tag-owners","tag-property","tag-real","tag-rental","tag-renting","tag-taxes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/dXqtK7xC7MA","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1942,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-is-realigning-with-historic-trends\/","url_meta":{"origin":3912,"position":0},"title":"Housing Is Realigning With Historic Trends","author":"Amazing Property","date":"March 13, 2017","format":false,"excerpt":"Do your agents know how to answer the buy-versus-rent question from clients? Essentially, what people are asking is what\u2019s the best way to accumulate wealth, says Ken Johnson, a real estate economist, associate dean of graduate programs, and professor at Florida Atlantic University College of Business. \u201cHistorically, housing has won,\u201d\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":841,"url":"https:\/\/amazingproperty.com.ng\/blog\/best-american-cities-with-the-most-affordable-housing-markets\/","url_meta":{"origin":3912,"position":1},"title":"Best American cities with the most affordable housing markets","author":"Amazing Property","date":"February 18, 2022","format":false,"excerpt":"\u00a0 Best American cities with affordable housing , pack your bags and call the movers, as these are definitely dream cities\/towns for those who\u2019re willing to fulfill their home ownership mission without breaking the budget. Despite numerous surveys carried out by financial institutions and real estate corporations comparing property prices\u2026","rel":"","context":"In "RealEstate"","block_context":{"text":"RealEstate","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/realestate\/"},"img":{"alt_text":"Best American cities","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Best-American-cities.jpg?fit=586%2C200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Best-American-cities.jpg?fit=586%2C200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Best-American-cities.jpg?fit=586%2C200&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5488,"url":"https:\/\/amazingproperty.com.ng\/blog\/7-reasons-to-stop-renting-today\/","url_meta":{"origin":3912,"position":2},"title":"7 Reasons To Stop Renting Today","author":"Amazing Property","date":"July 26, 2017","format":false,"excerpt":"Still renting? 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