College Town Real Estate: Smart Ways to Invest in It

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College towns and cities often offer a lot of charm and excitement as they strive to cater to the young adult crowd, but not every family wants to live right outside a campus. Rob Franek, senior vice president of the Princeton Review, says parents or families considering purchasing a first or second home in a college town should keep two key factors in mind when weighing this decision. "Think, would you want to raise a family there? And would you want to retire there?" Franek says. "There is certainly a value that goes along with owning a second home, but it can get expensive in some college towns."

Franek travels nationwide speaking at and researching colleges and provided the following picks for the best college towns for real estate investments. Below are his picks along with pricing data from Zillow:

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