College-Town Homes for Under $500,000

By Sharona Ott

The arrival of August elicits memories of the first day of classes, football games and reliving the glory days. In honor of back-to-school season, we found homes for sale within a five-mile radius of colleges across the country.

Owning a property near your alma mater allows for easy access to sporting events and other festivities. Some may also consider buying a home for their college student and renting it out. The great thing about buying near a university is a steady stream of tenants.

Whether you are buying a home for leisure or business, college towns are definitely worth a look! Check out these 10 listings under $500,000 near universities.

Homes Under $500,000 in College Towns
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College-Town Homes for Under $500,000

2608 W. Knox St, Durham, North Carolina
For sale: $165,000

This quaint, two-bedroom, one-bathroom home has a large backyard, renovated kitchen and a great college-town location. Duke University, restaurants and shopping are conveniently situated nearby.

See more homes for sale in Durham.

207 S. Garden St., Bellingham, Washington
For sale: $449,950

This beautifully-updated, century-old two-bedroom bungalow is located less than a mile from the Western Washington University campus. Plentiful garden space and panoramic views of Bellingham Bay make this home a perfect retreat.

See more homes for sale in Bellingham.

325 E. Central Ave., Missoula, Montana
For sale: $399,900

Sporting its very own sauna, this five-bedroom home offers ample relaxation and socializing space. The home has received many updates and is a short distance from UM.

See more homes for sale in Missoula.

609 Westmount Ave., Columbia, Missouri
For Sale: $469,900

Built in 1914, this four-bedroom craftsman home is a perfect blend of vintage interior details and modern conveniences. Located just under a mile from Mizzou, this home is sure to please students and alumni alike.

See more homes for sale in Columbia.

1420 Lee Hill Road, Unit 1, Boulder, Colorado
For sale: $176,110

Situated against a community garden and close to downtown, this two-bedroom condo provides access to NoBo shops and restaurants. It’s also less than a 10-minute drive to the UC Boulder campus.

See more homes for sale in Boulder.

2493 Harris St., Eugene, Oregon
For sale: $319,900

This three-bedroom home has been remodeled and offers an abundance of yard space, along with a covered patio in the backyard. This ideal entertainment spot is also located very close to the UO campus.

See more homes for sale in Eugene.

2410 S 2nd St., Apt. 1164, Waco, Texas
For sale: $160,000

Part of the Bandera Ranch community, this two-bedroom condo has desirable amenities, including granite counter tops, an attached two-car garage, pool, putting green, full-size basketball court and fitness center. Situated less than a mile from the Baylor University campus, this home is a student’s paradise.

See more homes for sale in Waco.

407 Ostemo Place, South Bend, Indiana
For sale: $93,900

Close to Notre Dame and the South Bend River Walk, this home is both affordable and updated with three spacious bedrooms.

See more homes for sale in South Bend.

1309 E State St., Ithaca, New York
For sale: $219,900

This three-bedroom Cape-style home is within walking distance of Cornell and has a view of the Ithaca College campus.

See more homes for sale in Ithaca.

550 Hathway Ave., San Luis Obispo, California
For sale: $495,000

This quaint, 3-bedroom Mediterranean-style home offers a spacious deck and backyard, ideal for entertaining guests. The home is also located close to Cal Poly.

See more homes for sale in San Luis Obispo.


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