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Homes pricey in the state’s college towns

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From Times Wire Reports

California cities are nowhere to be found on Coldwell Banker’s list of the 10 most affordable college towns, but they lead the field of the least affordable.

Those schools ranked as having the most affordable housing include Texas Tech in Lubbock, Texas, where the median home price was $164,133; Mississippi State, Starkville, Miss., $169,433; Louisiana State University, Baton Rouge, La., $173,317; and Notre Dame, South Bend, Ind., $173,600.

Topping the least affordable list was Stanford, Palo Alto, $1,550,000; followed by UCLA, Los Angeles, $1,274,342.

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The study, conducted from July to October this year, examined 59 college towns and compared the median price of a single-family dwelling of about 2,200 square feet, with four bedrooms, 2 1/2 baths, a family room and a two-car garage.

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