IN College Town Real Estate
What are the Best Indiana College Towns to Invest in Real Estate?
- South Bend, Indiana. Home of The University of Notre Dame and rapidly rising property values! Some areas near campus have eclipsed $500 per square foot, that’s a whopping $400 higher than the local average! Many condo properties have nearly doubled in value over the past decade asserting South Bend as far above the others as an investment. To view a complete list of Properties for Sale near Notre Dame click here.
- West Lafayette, Indiana. Home of Purdue University and the Boilermakers. While not as strong as South Bend, West Lafayette market has shown the ability to grow, or at least maintain, value over a 4-5 year span. This leaves owners with a small profit or break-even at the end which is still much better than renting! For a list of Properties for Sale near Purdue University click here.
- Bloomington, Indiana. Home of Indiana University and the Hoosiers. Like West Lafayette, Bloomington has a small growth factor over the short span. Expect it to net you a small profit or break-even after 4-5 years. With rent costing up to $1000 per bedroom near campus, even a small loss would be a better option than renting! For a list of Properties for Sale near Indiana University click here.
- Muncie, Indiana. Home of Ball State and the Cardinals. Muncie relies more on the local market to sustain pricing making this the least likely area to make money after 4-5 years. You may break-even or possibly lose a few dollars after closing costs. However, odds are it will still be much less money than had you rented for that duration. For a list of Properties for Sale near Ball State click here.
Conclusion: At the current rate of growth in these Real Estate Markets, it’s hard to imagine a scenario where you’d lose money. Of course, we cannot predict the future and these numbers change on a moment’s notice.
I’m here to help no matter what your Off-Campus housing needs are. Give me a call, I’ll make sure you’re paired with the right professional to find the property that suits your needs.