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December 13, 2007

Monroe ranks in top ten of Coldwell Banker® study scoring home prices in college football towns

Future homeowners looking for one of the most affordable college football towns to settle down in need look no further. The third annual Coldwell Banker® College Home Price Comparison Index has ranked Monroe, home to the University of Louisiana at Monroe, as the number seven most affordable college town in the U.S.

College towns bring together a diverse and energetic collection of academics, alumni, students, and sports and cultural enthusiasts; many of who support their university to such an extent that they choose to become homeowners nearby.

According to the study, a Monroe 2,220-foot, 4-bedroom, two-and-one-half bath home with a family room and two-car garage, would average $164,499.

The Sun Belt Conference, in which ULM participates, is ranked number five for affordability, with an average price of $297,886 for the same home.

The Coldwell Banker College Market HPCI specifically examines the markets that are home to 119 Football Bowl Subdivision (I-A) schools. Additional information about the original HPCI study, which ranked more than 300 markets across the United States and Puerto Rico in affordability for the same subject home, is available at

Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate LLC praised the university environment. “College towns remain a popular living destination – whether they are first time homeowners, or alumni looking for great retirement spots. School spirit draws many alumni back to their alma mater and for others, continuing their education, pursuing jobs, enjoying cultural activities and following college sports make these communities ideal homes.”

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