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Vegas’ new tagline: Extremely affordable college town?

Ken Miller

Wed, Nov 23, 2011 (2:55 p.m.)

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Go. Fight. Win.

Photo: R. Marsh Starks

Turns out our foreclosure crisis had an unintended benefit. Las Vegas, where housing values have been plummeting for the last four years, has been ranked as the seventh-most affordable college town in the country. The report, by the Coldwell Banker 2011 College Home Listing Report, states that a three-bedroom, two-bathroom home here has an average listing price of $124,955. (The most affordable college town is Memphis, Tennessee, where the average price is $89,244. Los Angeles is the most expensive, at $1.3 million.) UNLV has taken its share of lumps in the last few years, as budget cuts led to the elimination of entire departments, but it continues to survive, just as Las Vegas does despite the worst economic crisis of our generation. “Extremely affordable college town” might not seem like a lot to some cities, but in Las Vegas, we’ll take any bright spot.

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