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The 10 most affordable college towns in America

Kathleen Elkins   

The 10 most affordable college towns in America

kalamazoo college

Via Wikimedia Commons

The median price of a home in Kalamazoo, Michigan is $117,900, making it the 6th most affordable college town.

College towns are an appealing place to settle down, with their young, vibrant vibe, thrilling athletics, and wealth of job opportunities.

These perks tend to come with a price - if you head to Princeton, New Jersey, for example, expect to pay about $650,000 for a home.

However, there are more affordable options out there than you may think.

Realtor.com recently released a list of America's most and least expensive college towns ranked by median home price.

The site looked at more than 300 college towns - "college towns" defined as areas where student residents number over 5,000 and make up over 20% of the town's total population.

Here, we've highlighted the ten most affordable. We also included the cost of annual necessities (not including savings or discretionary spending) for a four person family (two adults, two children) using the Economic Policy Institute's (EPI) 2015 Family Budget Calculator.

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