Notre Dame Ranks 28th Among Football Bowl Subdivision Schools







“PARENT INVESTORS” BUYING HOMES VS. SPENDING ON RENT OR DORMS

Every fall, parents wave goodbye as their college-bound kids pack up their belongings, make the drive down university lane and prepare for football games, mid-terms and freedom. While college living is often associated with dorms and campus housing, Coldwell Banker Real Estate LLC discovered that many parents are opting to purchase a home rather than spend money on rent or dorm fees. According to a recent survey among the Coldwell Banker® network of real estate professionals in college towns, 64 percent see a significant number of “parent investors” buying homes for their kids to live in while attending the university.

To see how college towns stack up in home price affordability, Coldwell Banker Real Estate released its new College Home Listing Report (College HLR) today, which provides the average home listing price of four-bedroom, two-bathroom properties listed for sale between April and September 2010 on coldwellbanker.com in markets home to the 117 schools in the Football Bowl Subdivision. With almost two-thirds of the College HLR markets having subject homes priced less than $250,000 (78 in total), college towns prove to be a touchdown for home buyers.

The "Pack from the MAC" (Mid American Conference) dominates the Top Ten with the University of Toledo (9), Kent State (8), Ohio University (7), Eastern Michigan University (6), University of Akron (5), University of Buffalo (2), and at #1 Ball State University in Muncie, Indiana! The 2010 average home listing price in Muncie is $105,115.

Other Indiana colleges rank as follows:
28 - University of Notre Dame, South Bend, Ind. - $183,120
32 - Purdue University, Lafayette, Ind. - $186,360
43 - Indiana University, Bloomington, Ind. - $201,005

I attended Ball State (it's amazing that the school survived me), and had a great experience in Muncie. However, I must say that the campus and area around campus has improved dramatically since my days! Central Indiana has always been known as basketball country and basketball season was always special with sold out games and dinners at "Tony's Locker Room". Unfortunately, "Tony's" is know just a fond memory. Thanks Tony Cat!

Most of my live however I've lived in the South Bend/Mishawaka/Elkhart area. I grew up loving ND football and still do today! I have had the opportunity to travel all over the United States but I couldn't think of a better place to call home than right here in northern Indiana. The fall is my favorite season, campus is beautiful dressed in its rich colors.

As for football, its hard to beat a Saturday at Notre Dame Stadium. The air is filled with the smell of tailgate food and the sounds of the marching band. After 40 years of attending Irish football games, I still get goosebumps from the tradition of the pre-game ceremonies. The reciting of the Pre-Amble to the Constitution, the singing of "America the Beautiful" and the Nation Anthem. Then, the roar of the crowd and the shining gold helmets as the team take the field. Nothing is better then a football Saturday in South Bend, Indiana!

I would be interested in hearing what you think makes your college town special. Please comment.

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