The one town you mention, Lancaster, PA, is a model of the type.
The one town you mention, Lancaster, PA, is a model of the type.
However, a lot of people move to college towns and don't realize/remember what college kids are like... they will be noisy at night, sometimes destroy property, throw parties, do stupid pranks... it isn't for everybody
I live in a college town -- mid sized city in the shadow of a major university in the Midwest. It has everything the OP wants, walking distance to supermarket and shops, easy to get around by bike, enough of an economy thanks to the university and hospitals.
College towns often have plenty of live music coming through with regularity, art, people with more open minds? (I don't mean to start a debate with the last point, just my preference perhaps.)
Lawrence works too because you're 30 or 45 minutes from a big city (Kansas City) so you can get your REI or IKEA on if you need to.
Lincoln, Nebraska is another near me (although I have not lived there) that is within 45 minutes of Omaha.
Had lunch in Iowa City and it looked comparable. An afternoon in Columbia, Missouri and it looked appealing as well.
Columbia is also nice, but a little more spread out. Ames IA, Tulsa, Champaign-Urbana, Ann Arbor…
Living ~1hr from ATL was also a luxury - you fly direct everywhere on Delta.
Another college town I like is Eugene, or Ellensberg. Flagstaff maybe? Depends on your climate, look for colleges with maybe 10k-ish students? Another one that I can't stand because of the weather is Champagne Urbana. 10 minute drive out from town, and you're in farmland.
Another benefit is access to cultural benefits that wouldn’t normally be available, like great libraries and concerts and orchestras (often free). Check out Pullman, WA as another example.
This is pretty much the only answer for the US. Small independent towns have ceased to exist because they have no reason to. But the legacy of land grant universities across the US has left plenty of towns like Gainesville, Ames, Athens, Boulder, Asheville, Chattanooga, Eugene, Laramie, College Station, etc. etc. that are fantastic places to live and have strong real estate markets.
Not sure that the real estate is going to be all that cheap, though.
It's true that housing isn't cheap. The difference is what you get for the cost. What I paid for my house in Ann Arbor would buy a house in Austin—but it would be a run-down, dated, small house without much in walking distance and a "who knows?" school assignment. Here in a "nicer college town," we live on more than an acre just outside town, still have top notch schools, and my wife's commute to her job at the hospital is only 10 minutes. (Far from the partying students mentioned earlier.)
Housing values are also a little more stable—a sudden tech downturn could strand you underwater in that Austin house. It takes a lot more to sap demand for housing in a university community, especially one with a big teaching hospital system. Add to that the value of a town having a demonstrated track record of caring about its schools. That doesn't grow on trees.
I guess, yes: housing prices are high. Certainly when you compare to towns like the one where I grew up. But if you compare to urban areas and high-end suburbs, then the value-for-money trade is way better, even in really nice college towns.
FWIW, I loved Iowa City when we were looking, and that probably would have been an even better money-for-value trade. Wife is a medical resident, so we were picking based on more than just lifestyle, and landed in Michigan.
Not a college town but also in California are Sacramento, Ventura, San Luis Obispo (CalPoly but I wouldn’t say college town), and San Diego (UCSD but not a college town). The latter three are beach towns if you like temperate climate. Sac doesn’t get too cold but it does get very hot. All have nice downtowns (depending on what you want) and don’t require a car.
You’ll have CA high taxes and real estate probably cost double or triple what it would in the mid-West but a fraction of LA or Bay Area.
State College PA is a college town.
Lancaster is just a nice small city with a few colleges in it.
So even if there are schools there the feel is more young adult than college student.
[0] https://en.wikipedia.org/wiki/Lancaster,_Pennsylvania#Econom...
[1] https://en.wikipedia.org/wiki/State_College,_Pennsylvania#Ec...
In contrast: Lancaster City has ~60,000 population, F&M employs ~1100 [0] and F&M has 2400 students. That accounts for 5% of the population during the school year and <2% of the population permanently.
[0] https://www.linkedin.com/school/franklin-&-marshall-college/
Lancaster is much larger than either, though different cities have varying land areas they count. Lancaster is also the seat of its same named county.
I look at 'college town' as defining somewhere where school(s) are located, and the population count of 18-24 makes up almost 50% of the population. Newark, DE (University of Delaware) and Bloomsburg, PA (Bloomsburg U) seem to fit that better.
But yeah, what poor college students trying to get a start on life and grad students making pocket change really need is some 400k/year tech workers to flood into their town, say “wow! Only 2500 a month!” and make it impossible to live anywhere.
Also, dorms are insanely expensive. And wanting to be near noisy, drunk, high college kids as an unaffiliated adult is honestly just weird.
Moving somewhere because you like the scenery, the food, whatever is fine. Moving there because there’s a college while you’re 15 years out of college is just strange.
Another thing to keep in mind is that, on average, students living on campus have higher GPAs, are less likely to drop out, are more likely to finish on time, feel a greater sense of social belonging, and are more likely to participate in extracurricular activities. Those benefits need to be factored in as well. There have been a number of studies about this, here's a summary of one of them: https://studentlife.uoregon.edu/student-success-and-housing-....
When it comes to meal plans, if you have your own kitchen then yes, you definitely CAN eat cheaper, but I don't know many college students who actually spend much time planning their meals, buying in bulk, and actually cooking the majority of their meals from scratch. Realistically they end up eating a lot of frozen dinners and eating out - especially for lunch when they're on campus anyway. When I look at the school I went to, their unlimited meal plan ends up costing about $9/meal on average, which is a lot, but that's 3 hot meals a day, all you can eat, and you don't have to spend time buying the ingredients, cooking the food, and cleaning up after yourself.
You're right about cooking, at least in my experience, but you have to take a first step sometime. I grew up in the 90s with two working parents who kept different hours, and didn't learn to cook until my late 20s. But I think people's priorities are shifting, especially now that wfh is more normal.
The ones that don't kill themselves, sure. There's also a higher rate of suicide, alcoholism, reported sexual assaults by both sexes, drug use, etc. but those statistics don't make it to pamphlets for obvious reasons. Living on-campus is more of an amplifier of opportunities and failures. It expands the range of scenarios; it doesn't raise the floor for everyone. If you're already successful and can handle yourself, you'll benefit from the proximity of those opportunities while residing on or close too a college campus. If you're an emotional wreck or don't know your own values (which describes many people in college), then anything aside from sheer force of will would won't be of much help and living on campus may interfere with that.
That's news to me. The university charged me three times as much as I ended up paying off campus later (in a much better location).
15 years ago, dorm costs were >$1100/mo, and rent was $550 where I lived, 10 minutes from the university.