College towns are vibrant, offering cultural events, exciting athletics, the option of auditing classes, and a wealth of job opportunities.
Of course, all of these perks come with a price tag.
If you settle down in Cambridge, home to Harvard and MIT, expect to pay about $685,000 for a home. That's the median housing price according to realtor.com, which recently released a list of America's most and least expensive college towns ranked by median home price.
They looked at more than 300 college towns — "college towns" defined as areas where student residents number over 5,000 and make up over 20% of the town's total population.
Here, we've highlighted the ten most expensive. We also included the cost of annual necessities (not including savings or discretionary spending) for a four person family (two adults, two children) using the Economic Policy Institute's (EPI) 2015 Family Budget Calculator.
SEE ALSO: America's 20 most expensive colleges
10. Flagstaff, Arizona
Median housing price: $431,750
Estimated cost of necessities: $71,135 per year
Rounding out the top ten is Flagstaff, where you'll find Northern Arizona University. You'll have access to Division I athletics, NAU's art museum, and a natural wonder: Drive 80 miles north and you'll find yourself at the Grand Canyon.
9. Chapel Hill, North Carolina
Median housing price: $450,000
Estimated cost of necessities: $64,953 per year
Home to the University of Chapel Hill, it would be hard to run out of things to do in this college town with its vibrant scene on Franklin Street and exciting athletic rivalry with nearby Duke University.
8. Davis, California
Median housing price: $579,000
Estimated cost of necessities: $69,296 per year
The beautiful campus of UC-Davis, a top public research university, can be found in this college town. Situated between Napa Valley and Sacramento, it's just 70 miles east of San Francisco.
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