Coldwell Banker Real Estate LLC today released its 2011 College Home Listing Report (College HLR), which ranks college towns across the country in home affordability. The report provides the average home listing prices for three-bedroom, two-bathroom properties that were listed for sale on coldwellbanker.com between August 2010 and August 2011 in markets home to 117* of the 120 schools in the Football Bowl Subdivision.
Least expensive are Memphis and Muncie (Ball State). Most expensive are Westwood (UCLA) and Palo Alto (Stanford) — their average listing is over $1 million.
* Tucscaloosa is not included because of tornado damage. Bowling Green (the one in Ohio) and Bloomington (Indiana University) did not have enough listings to make the list.