Welcome to the College Real Estate Page for Rice University in Houston, Texas. Many parents ponder whether they should buy or rent while their students attend college. For some the answer is to buy and for others the answer is to rent. College Real Estate hopes to help you find which is the right answer for you. Another great tool in helping you decide is our College Real Estate guide book that walks you through the entire process of buying student property. We hope you find this site useful and welcome any and all feed back. If you would like to be connected with a College Real Estate's exclusive Realtor in Houston, Texas please visit our buying page. If you have decided that buying student housing is not the right answer for you and would like to be connected with a leasing specialist please visit our leasing page.
If you are a part of or soon to be a part of the near 5,000 strong student body at Rice University, congratulations! That means you’re going to one of the most prestigious, award-winningest schools in the United States.
At the undergraduate level, Rice placed at 17th in the 2006 U.S. News & World Report rankings of doctoral granting institutions. Further, in the Princeton Review's 2007 rankings, Rice was ranked first for "Best Quality of Life" and third for “Best Overall Academic Experience for Undergraduates” as well as among the top 20 schools where students “Never Stop Studying.”The same publication also placed it as first in the nation for “Lots of Race / Class Interaction.” In the 2008 edition of the Princeton Review, Rice was ranked as the #1 "Best Value" Private College.
$28,400 (full year tuition
$8,980 (typical room/board)
There are several areas near campus offering homes for sale with a vast range of costs. Among the neighborhoods of Bissonett-Southampton, Binz, Med Center, the Museum District, West University, and the areas surrounding Reliant stadium, it seems that the housing market is moving rather sluggishly.
In general, it seems this market has never really been “hot”. On the other hand, it’s never been “cold” either. Appreciation is slower in particular with houses under 500k, leaving the college housing in position to be increasing, but slower than one might like.
The good news is: You’ve got lots of choices.
The bad news is: You’ve got lots of choices.
Your best bet is to devote a good solid week to really finding the place you are comfortable with. You’ll want to start looking about 45 days prior to your desired move-in date.
Binz is near downtown between Almeda and South Main. A short commute to campus and low rent, but a high crime rate.
The Medical Center is immediately southeast of Rice. It’s expensive, but conveniently close.
Bissonet-Southhampton extends from the north edge of campus and the Southwest Freeway. Here, you’ll find los of small apartments, garage apartments, and duplexes. The area is very nice and quiet, and because of its proximity to the school as well, expect rent to be a bit high.
Montrose has lots of culture, nightlife, and museums to be enjoyed. Located about a mile north of campus, it offers a broad range of costs. You’ll want to drive around the neighborhoods and look for signs in the front lawns as this is the customary form of advertisement here. Bring a pen.
West University lies in the neighborhood west of campus. It’s fancy. For the most part, these apartments and houses are probably out of a student’s range unless you got a group to go in on a house together (starting no less than $1000/mo).
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