The Most Expensive College Towns in America
Traditional home buyers dominate in Wellesley, but parents buying apartments for their kids fuel the market near New York University.
The most expensive college towns in America are ranked by median listing price according to July data from Realtor.com. New York University in New York City leads the pack, with luxury condos going for $3 million to $4 million and some buyers spending even more. Wellesley College in Massachusetts is another pricey town, where single-family houses dominate the housing market, with properties in the town center regularly topping $1.8 million and homes off Cliff Road in the 02481 ZIP Code pushing past $3 million.
Harvard University in Cambridge, Massachusetts combines urban density with historic grandeur, with student rentals giving way to high-end doorman buildings and multimillion-dollar estates along Brattle Street. The University of Colorado, Boulder in Boulder, Colorado features off-campus condo and townhouse rentals near multimillion-dollar single-family homes, with single-family homes starting at around $700,000 and averaging around $1.3 million.
Finally, the University of California, Los Angeles in Westwood has a high-end market bordering Beverly Hills, where standard off-campus student rentals fringe the market, with parent purchases often landing between $3.5 million and $5 million.
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