It's back-to-school week and I was just doing a little collegiate math. I was curious. What kind of home could you buy in the Ann Arbor Area in 2017 for the cost of an undergraduate degree from the University of Michigan?

Using U-M's calculator, here's what one year at U-M costs for in-state students.

And here's the cost of one year for an out-of-state student:

Add up all those years, with a 3 percent rise in costs every year, and here are the totals.

In-State Costs
Per Year
Out-of-State Costs
Per Year
  $   46,712
$   70,212
48,103
72,318
49,564
74,487
51,032
76,721
$ 195,393 
$ 293,738

I searched for homes in Washtenaw County, which includes Ann Arbor, Chelsea, Dexter, Milan, Saline, Ypsilanti and their various townships—and came up with some nice digs.

Area homes for up to $195,393

See These Homes

Of course there are many more homes available in the higher price range that out-of-state U-M students pay for their degrees.

Area homes up to $293,738

See These Homes

A peek at the homes in the $293,738 category

And here's what you'll get if you just want to look around!

Area homes up to $6 million

See These Homes

Now, I'm not advocating that one should forgo a degree from the University of Michigan. Many—or even most—Wolverines who graduate will gain great earning potential and may be able pay for the degree and  the house! I was just doing a little back-to-school math. And for the record, I am still a Sparty. I just happen to live and practice in Ann Arbor!

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