<p>@ting1220 - I suggest you do some research about real estate bubbles in the US. The crash of 2008 was ugly, many people still have upside down mortgages (owe more than the house is worth). It’s cyclical, and happens every decade or so.</p>
<p>When you buy, it is unlikely that you will buy just next to the school that can go to the class on a dime. When you rent, the consideration is much less. We spent a year to buy a house of our liking, we could not find a home near the school where my DW works, we bought some thing 10 min. drive time to the school. It is good for a school employee, but not so good for a student who might have to live and breath in the library and classroom.</p>
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<p>No, it’s not for student housing; the figure represents average housing prices in the market which would include single family, condos, coops, rentals, etc. I didn’t say Houston was 38% above the “national average.” I said Houston was 38% above Columbus, Ohio, which has some of the lowest housing prices in the country. But that’s for the entire market. Prices close to campus could be higher or lower, depending on many factors. I don’t have easy access to data at that level of particularity. But then, that’s not what the OP was asking for.</p>