Forbes calls Ann Arbor an affordable collegetown to buy a home

Wednesday, November 11, 2009 | Source: Forbes

Most people think of buying a home after college, but Ann Arbor is one of those places where you can think of doing it during college.

Excerpt:

In a new article from Forbes, Stephane Fitch identifies the most and least expensive college towns to own a home in. Those who go to school in the Midwest have the best chance of buying a home while still in college. College towns with cheap real estate include Akron, Ohio (where the average home costs $121,800) and Ann Arbor, Michigan (where the average home costs $148,000). If the $8,000 first-time homebuyer tax credit is extended, some college students could use the credit to make up half of their down payment.

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