Not only walkable, but with a lot of third spaces and those get actually used because your peer group cannot afford lots of private space. You likely even live in a dorm or with roommates.
Anecdotally I spent 2 years of my undergraduate living by myself a 10 minute drive away from University in a little village outside of town. I then moved in with roommates to live walking distance between University and downtown. It's obvious from what time most of my fondest memories are.