You can buy these homes for the cost of a U-M degree
Linda Lombardini
"Linda is the consummate professional when it comes to dealing with real estate in the Ann Arbor area...
"Linda is the consummate professional when it comes to dealing with real estate in the Ann Arbor area...
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.
Of course there are many more homes available in the higher price range that out-of-state U-M students pay for their degrees.
A peek at the homes in the $293,738 category
And here's what you'll get if you just want to look around!
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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