- Morgantown, WV, Syracuse, NY and Tuscaloosa, AL, lead U.S. college towns in home-price growth, all posting double-digit year-over-year climbs.
- The most expensive college towns—Santa Barbara, CA, Boca Raton, FL and Flagstaff, AZ—are seeing home prices fall.
- The least expensive college towns—Dayton, OH, Syracuse, NY and Mount Pleasant, MI— all have a median home sale price of under $185,000, less than the national median of $398,771.
- The college towns where homes sell the fastest are State College, PA, where the typical home goes under contract in 5 days, followed by Manhattan, KS and Columbia, MO, which both typically see homes find a buyer in 14 days.
- The most competitive college towns for homebuyers are East Lansing, MI, Manchester, NH and Syracuse, NY, where more than half of homes sell for more than their asking price.
Home prices are rising by double digits in a handful of affordable, inland cities anchored by large universities, led by Morgantown, WV, Syracuse, NY and Tuscaloosa, AL. Home prices in those college towns are rising more than five times faster than the 2% growth home prices saw nationwide in May.
This is from a Redfin analysis of MLS data from the three months ending in May 2026 for college towns in the U.S. To be considered a college town, a city’s population must be at least 10% students at a four-year, accredited university, and it must be at least 30 miles away from a metro area with a population of more than 1 million people. We identified 240 college towns; the top 50 by student population with at least 50 home sales in the three months ending May 2026 are included in this ranking.
State College, PA, is home to Pennsylvania State University and a hot housing market, with the typical home going under contract in just five days, compared with 49 days nationwide for homes that sold in May. Home prices are quickly becoming less affordable there too, up 10.6% year over year to a median $459,050. It’s worth noting that this area only recorded 54 home sales during the period of analysis.
“Many of the college towns with home prices rising the fastest are also among the most affordable places to buy a home right now. That combination is attracting buyers who have been priced out of larger metros, while universities continue to provide a reliable foundation of demand,” Yingqi Xu, Redfin Senior Economist, said. “Meanwhile, many of the most expensive college towns are experiencing price declines as high mortgage rates and elevated home prices make buyers there more cautious.”
The most expensive college towns are seeing significant declines in home prices. In Santa Barbara, CA, the median home sale price fell 9.4% to $1.9 million. In Boca Raton, FL, prices are down 5.7% to a median $820,000, and they fell 3% to a median $710,000 in Flagstaff, AZ.
| The 10 Most Expensive College Towns, By Median Home-Sale Price (2026) | ||||
| Rank | Town | Notable college | Median home sale price | Median home sale price, YoY growth |
| 1. | Santa Barbara, CA | University of California, Santa Barbara | $1,902,500 | -9.4% |
| 2. | Boca Raton, FL | Florida Atlantic University | $820,000 | -5.7% |
| 3. | Flagstaff, AZ | Northern Arizona University | $710,000 | -3.2% |
| 4. | Corvallis, OR | Oregon State University | $595,000 | 0.8% |
| 5. | Orem, UT | Utah Valley University | $530,000 | 1.3% |
| 6. | Eugene, OR | University of Oregon | $499,900 | 1% |
| 7. | Ann Arbor, MI | University of Michigan | $487,000 | 5.9% |
| 8. | Provo, UT | Brigham Young University | $484,000 | -1.1% |
| 9. | State College, PA | Pennsylvania State University | $459,050 | 10.6% |
| 10. | Blacksburg, VA | Virginia Tech University | $445,000 | -3.3% |
For The Least Costly College Town Housing, Look to the Midwest and South
There are three major college towns where the median home sale price is under $200,000–two of which are in the Midwest and the other on the East Coast.
Dayton, OH, home to Wright State University and the University of Dayton, is the least expensive college town in the country, with a median home sale price of just $139,000.
Next comes Syracuse, NY, home to Syracuse University and over 20,000 students, with a median sale price of $180,000. Ranking third is Mount Pleasant, MI, home to Central Michigan University, where the median sale price is $184,000.
Many of the nation’s least expensive college towns are located in the Midwest and South, where homebuilding costs are generally lower and land is more abundant than in high-cost coastal markets. Lower home prices may make these college towns especially attractive to first-time buyers, university employees, and investors seeking lower-cost rental markets.
| The 10 Least Expensive College Towns, By Median Home-Sale Price (2026) | ||||
| Rank | Town | Notable college | Median home sale price | Median home sale price, YoY growth |
| 1. | Dayton, OH | University of Dayton | $139,000 | -0.7% |
| 2. | Syracuse, NY | Syracuse University | $180,000 | 12.5% |
| 3. | Mount Pleasant, MI | Central Michigan University | $184,000 | -11.3% |
| 4. | Springfield, MO | Missouri State University | $210,000 | 0.3% |
| 5. | Urbana, IL | University of Illinois Urbana-Champaign | $230,000 | 0.5% |
| 6. | Lubbock, TX | Texas Tech University | $239,000 | 0% |
| 7. | Baton Rouge, LA | Louisiana State University | $245,000 | 4.7% |
| 8. | Stillwater, OK | Oklahoma State University | $249,500 | -9.3% |
| 9. | Lynchburg, VA | Liberty University | $258,900 | -3.8% |
| 10. | Greenville, NC | East Carolina University | $270,000 | 2.3% |
College Town Highlights
Among the 50 largest U.S. college towns, by student population
Where home prices are rising the fastest (median sale price, YoY change)
- Morgantown, WV (West Virginia University): 12.9%
- Syracuse, NY (Syracuse University): 12.5%
- Tuscaloosa, AL (University of Alabama): 10.6%
Where homes are selling fastest (median days on market)
- State College, PA (Pennsylvania State University): 5 days
- Manhattan, KS (Kansas State University): 14 days
- Ames, IA (Iowa State University): 17 days
Most competitive for homebuyers (share of homes sold above asking price)
- East Lansing, MI (Michigan State University): 56.6%
- Manchester, NH (Southern New Hampshire University): 56.3%
- Syracuse, NY (Syracuse University): 55.3%
| College town | Notable college | Median Sale Price (2026) | Median sale price (YoY) | Home sales (YoY) | Inventory (YoY) | New listings (YoY) | Median days on market (2026) | Shares sold above listing price (2026) |
| Ames, IA | Iowa State University | $321,000 | -1.2% | 3.5% | -8.7% | 3.5% | 17 | 18.8% |
| Ann Arbor, MI | University of Michigan | $487,000 | 5.9% | 8.1% | 10.8% | 3.7% | 35 | 40.1% |
| Auburn, AL | Auburn University | $419,000 | 3.5% | -1.2% | 11.3% | 10.5% | 33 | 13.2% |
| Baton Rouge, LA | Louisiana State University | $245,000 | 4.7% | -7.3% | -10.1% | -7.1% | 40 | 13.4% |
| Blacksburg, VA | Virginia Tech | $445,000 | -3.3% | -6.3% | 22.0% | -7.2% | 19 | 14.7% |
| Bloomington, IN | Indiana University Bloomington | $339,950 | 1.5% | 10.9% | 9.0% | 11.9% | 54 | 14.1% |
| Boca Raton, FL | Florida Atlantic University | $820,000 | -5.7% | 9.7% | -10.7% | 2.1% | 79 | 6.9% |
| Champaign, IL | University of Illinois Urbana-Champaign | $234,500 | -2.1% | 7.3% | 38.8% | 18.2% | 45 | 31.4% |
| College Station, TX | Texas A&M University | $339,900 | 0.0% | -2.0% | 15.7% | 8.1% | 38 | 2.1% |
| Columbia, MO | University of Missouri | $348,500 | 7.2% | 3.0% | -34.4% | 4.8% | 14 | 0.9% |
| Columbia, SC | University of South Carolina | $275,900 | 1.9% | -1.6% | 3.4% | 5.6% | 41 | 21.1% |
| Corvallis, OR | Oregon State University | $595,000 | 0.8% | -1.9% | 24.8% | 2.6% | 42 | 32.4% |
| Dayton, OH | University of Dayton | $139,000 | -0.7% | -4.3% | 10.0% | 5.0% | 48 | 26.6% |
| Daytona Beach, FL | Embry-Riddle Aeronautical University | $314,950 | 2.6% | -1.3% | -15.3% | -8.4% | 74 | 7.3% |
| Denton, TX | University of North Texas | $380,000 | -3.6% | -8.3% | 2.3% | -3.5% | 55 | 15.0% |
| East Lansing, MI | Michigan State University | $345,000 | 3.9% | -3.8% | 20.0% | -4.1% | 28 | 56.6% |
| Edinburg, TX | University of Texas Rio Grande Valley | $279,000 | 4.9% | -4.0% | 6.1% | 13.2% | 94 | 17.3% |
| Eugene, OR | University of Oregon | $499,900 | 1.0% | 1.1% | -10.6% | -7.6% | 21 | 28.3% |
| Fayetteville, AR | University of Arkansas | $386,313 | 1.4% | -10.1% | 31.8% | 13.3% | 27 | 11.7% |
| Flagstaff, AZ | Northern Arizona University | $710,000 | -3.2% | -10.1% | -9.1% | 0.6% | 31 | 18.5% |
| Fort Myers, FL | Florida Gulf Coast University | $342,500 | -3.6% | 10.5% | -24.5% | -11.6% | 75 | 4.0% |
| Gainesville, FL | University of Florida | $280,000 | 1.8% | -1.9% | -6.2% | -3.1% | 34 | 13.8% |
| Greensboro, NC | University of North Carolina at Greensboro | $287,750 | 2.8% | -5.5% | 24.6% | 6.2% | 45 | 20.8% |
| Greenville, NC | East Carolina University | $270,000 | 2.3% | -11.2% | 16.5% | 6.0% | 46 | 18.1% |
| Iowa City, IA | University of Iowa | $325,000 | 1.6% | -2.4% | -38.3% | -21.0% | 31 | 23.2% |
| Knoxville, TN | University of Tennessee | $315,550 | 1.8% | -1.4% | 10.1% | -2.5% | 52 | 18.9% |
| Lake Worth, FL | Palm Beach State College | $405,000 | -6.0% | 30.6% | -17.8% | -5.5% | 77 | 9.3% |
| Lawrence, KS | University of Kansas | $307,750 | -3.5% | 10.5% | 5.4% | -10.2% | 34 | 31.0% |
| Logan, UT | Utah State University | $425,000 | 9.0% | 3.7% | 11.6% | 15.6% | 41 | 27.7% |
| Lubbock, TX | Texas Tech University | $239,000 | 0.0% | 5.1% | -17.4% | -13.3% | 61 | 0.0% |
| Lynchburg, VA | Liberty University | $258,900 | -3.8% | -9.6% | 4.6% | -4.7% | 24 | 27.4% |
| Madison, WI | University of Wisconsin-Madison | $440,000 | 1.4% | -6.3% | 19.1% | 6.5% | 41 | 47.9% |
| Manchester, NH | Southern New Hampshire University | $441,500 | -3.0% | 7.9% | 2.0% | 0.0% | 27 | 56.3% |
| Manhattan, KS | Kansas State University | $299,950 | 6.2% | 6.0% | -2.5% | 1.8% | 14 | 0.5% |
| Morgantown, WV | West Virginia University | $275,000 | 12.9% | -1.5% | 2.5% | 2.1% | 57 | 13.4% |
| Mount Pleasant, MI | Central Michigan University | $184,000 | -11.3% | 3.6% | 0.0% | -16.3% | 45 | 19.3% |
| New Haven, CT | Yale University | $385,000 | 1.3% | -9.5% | -5.2% | 15.9% | 49 | 55.0% |
| Orem, UT | Utah Valley University | $530,000 | 1.3% | -12.5% | 15.4% | -2.3% | 36 | 25.7% |
| Provo, UT | Brigham Young University | $484,000 | -1.1% | -5.5% | 13.2% | 0.0% | 41 | 17.9% |
| Pullman, WA | Washington State University | $430,000 | -5.5% | 20.3% | -22.1% | 2.7% | 19 | 19.3% |
| Santa Barbara, CA | University of California, Santa Barbara | $1,902,500 | -9.4% | 16.3% | -19.9% | -0.5% | 36 | 22.8% |
| Savannah, GA | Savannah College of Art and Design / Georgia Southern University | $339,900 | -2.9% | -0.5% | 20.5% | -1.2% | 80 | 15.9% |
| Springfield, MO | Missouri State University | $210,000 | 0.3% | 13.8% | 43.0% | 31.6% | 18 | 0.5% |
| State College, PA | Pennsylvania State University | $459,050 | 10.6% | 20.0% | -32.3% | -10.3% | 5 | 44.4% |
| Stillwater, OK | Oklahoma State University | $249,500 | -9.3% | -14.3% | 39.1% | 2.1% | 26 | 17.2% |
| Syracuse, NY | Syracuse University | $180,000 | 12.5% | -16.7% | -17.6% | 6.5% | 32 | 55.3% |
| Tallahassee, FL | Florida State University | $290,000 | 5.5% | 5.1% | -13.7% | -9.0% | 59 | 18.3% |
| Tuscaloosa, AL | University of Alabama | $301,450 | 10.6% | 13.4% | 37.6% | 23.5% | 34 | 13.6% |
| Urbana, IL | University of Illinois Urbana-Champaign | $230,000 | 0.5% | 8.2% | 16.8% | 5.2% | 50 | 25.7% |
| West Lafayette, IN | Purdue University | $400,000 | -5.9% | 19.3% | 48.9% | 15.2% | 24 | 17.6% |
| 50 largest college towns, by student population, with sufficient data
Housing-market data: March to May 2026 |
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Methodology
This report is based on a Redfin analysis of college towns in the U.S. All figures cover a three month period from March to May 2026. To be considered a college town, a city’s population must be at least 10% students at a four-year, accredited university, and it must be at least 30 miles away from a metro area with a population of more than 1 million people. We identified 240 college towns; the top 50 by student population with at least 50 home sales in the relevant period are included in this ranking.
