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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  July 5, 2006  |   College Town Properties Are a Smart Buy Buyers who want to find a solid real estate investment may want to consider college towns, experts say. Although these towns are typically more expensive than nearby areas and students may not be the best tenants, there are enough positive trends to make properties there a good investment. College enrollments expected to rise by almost 1.6 million students, or 15 percent, over the next 10 years, according to the U.S. Department of Education, and the number of graduate and professional students is growing even faster, at almost 25 percent. The professors who will teach the rising number of students need housing, too. And on top of everything else, retirees like the college town atmosphere. Collateral industries have sprouted in college towns with significant research facilities, drawing still more people to the area and turning graduates into permanent residents. Peter Sander, co-author of "Cities Ranked & Rated — More Than 400 Metropolitan Areas in the U.S. and Canada," points to Gainesville, Fla., Fort Collins, Colo., Columbia, Mo., Chapel Hill, N.C., Logan Utah, Charlottesville, Va., and Missoula, Mont., as particularly good bets. Source: Dow Jones Business News, Jennifer Openshaw (07/04/2006)

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