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Cost - benefit analysis of student housing purchase
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Financial Shockwave: The Surprising Trend Where Student Housing Costs Outpace Mortgage Payments
Yahoo Financeยท 2025-09-27 02:01
Core Insights - Buying a home for college students at 23 out of 121 surveyed universities is cheaper than paying for room and board according to the Mortgage Research Network [1] - The report highlights geographical disparities, with some urban areas showing higher costs for homeownership compared to room and board, particularly on the West Coast [2][3] Summary by Category Cost Analysis - Homeownership can lead to significant savings beyond the typical college education duration, with potential profits from property appreciation if held for over 10 years [4] - At Marshall University, the average home price is $137,909, allowing parents to save nearly $19,000 over three years compared to room and board [5] University Rankings - The University of Delaware, University of Alabama, and University of Memphis are among the top five universities where owning a home is financially advantageous compared to paying for room and board [6] - Montclair State University ranks last, with potential losses of up to $163,000 over three years due to high home prices averaging $1.1 million [7]