Ready for Home Buying 101? Beer pong and loud music make for affordable homes in college towns, at least according to Coldwell Banker’s College Home Price Comparison Index released today.

The annual report studied prices for 2,200-square-foot, four-bedroom homes with two-and-a-half baths in markets housing 120 Football Bowl Subdivision – Division 1-A – schools in September.

The best deal is in Akron, Ohio, home to the University of Akron, where a typical four-bedroom costs $121,885. Ball State University in Muncie, Ind., took the No. 2 spot at $144,996. Ann Arbor, Mich., home to the University of Michigan, followed in third place. Those buyers would pay a flat $148,000.

Full story is available on The Wall Street Journal