A study by Coldwell Banker has found that Muncie, home of Ball State University, is the nation's most affordable college town.
The average price in Muncie for a four-bedroom, two-bath home with a two-car garage is $150,000, according to Coldwell Banker's College Home Price Comparison Index. The annual survey looked at 119 universities with Div. 1A football programs.
A similar house in Palo Alto, Calif., home of Stanford University, the most expensive college town, costs about $1.68 million.
Other Indiana college towns also showed well on the list. Purdue University and Indiana University had the most affordable housing markets in the Big Ten. Homes in West Lafayette averaged $184,333, while the Bloomington average was $198,000.
And the University of Notre Dame, in South Bend, led independents, with an average home price of $180,500.