RealtorMag
The monthly median cost nationwide to house a student in a dorm is $705, but that can stretch to $1,817 in some locales. That may mean college students—or their parents—in certain places are better off buying a condo than paying for a dorm. Redfin’s research team recently compared the monthly dorm rate at 195 public colleges with the median monthly mortgage payment for a condo in each university’s city. They found that for students at 47 colleges, it was more cost-effective to buy a condo.
Redfin highlighted some of the following colleges where it’s advantageous for students to bypass dorm life and search for investment opportunities in a condo.
