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Matt DeanNEXA Lending · NMLS #227603(512) 415-6142

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Matt DeanNEXA Lending · NMLS #227603(512) 415-6142

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Purdue University · West Lafayette, IN

Compare homes for sale, rentals, financing, neighborhoods, and the cost of renting versus buying near Purdue.

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Campus-Area PropertiesRent-vs-Buy ComparisonLocal Campus-Area Professionals

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Purdue University Property Explorer

Homes for Sale Near Purdue University

Review active homes for sale within 3 miles of Purdue University's campus. Select a listing to view details, or inquire about a specific property.

8 homes for sale

YOUR PURDUE UNIVERSITY REAL ESTATE EXPERT

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For Sale

0.3 miles from campus

Condo · Wabash Riverfront

2 bd 2 ba 950 sqft$220,000

Updated 2-bedroom condo near Wabash River. In-unit laundry, river views, secured building. Short drive or bus to Purdue — great entry-level parent-purchase.

For Sale

1 / 4

0.3 miles from campus

Condo · Wabash Riverfront

2 bd 2 ba 950 sqft$220,000

Updated 2-bedroom condo near Wabash River. In-unit laundry, river views, secured building. Short drive or bus to Purdue — great entry-level parent-purchase.

For Sale

0.4 miles from campus

Condo · Northwestern Heights

2 bd 2 ba 1,050 sqft$275,000

Modern 2-bedroom condo near Purdue's north campus. In-unit laundry, secure building, covered parking. Turnkey parent-purchase or investor condo close to campus.

For Sale

1 / 4

0.4 miles from campus

Condo · Northwestern Heights

2 bd 2 ba 1,050 sqft$275,000

Modern 2-bedroom condo near Purdue's north campus. In-unit laundry, secure building, covered parking. Turnkey parent-purchase or investor condo close to campus.

For Sale

0.5 miles from campus

Single-Family · New Chauncey

3 bd 2 ba 1,600 sqft$345,000

Charming 3-bedroom home in New Chauncey, walking distance to Purdue's campus. Hardwood floors, updated kitchen, large screened porch. Ideal parent-purchase location near campus.

For Sale

1 / 4

0.5 miles from campus

Single-Family · New Chauncey

3 bd 2 ba 1,600 sqft$345,000

Charming 3-bedroom home in New Chauncey, walking distance to Purdue's campus. Hardwood floors, updated kitchen, large screened porch. Ideal parent-purchase location near campus.

For Sale

0.5 miles from campus

Condo · Downtown West Lafayette

2 bd 2 ba 980 sqft$245,000

Updated 2-bedroom condo in downtown West Lafayette. In-unit laundry, balcony, covered parking. Walk to Purdue campus and downtown restaurants — excellent parent-purchase condo.

For Sale

1 / 4

0.5 miles from campus

Condo · Downtown West Lafayette

2 bd 2 ba 980 sqft$245,000

Updated 2-bedroom condo in downtown West Lafayette. In-unit laundry, balcony, covered parking. Walk to Purdue campus and downtown restaurants — excellent parent-purchase condo.

For Sale

0.7 miles from campus

Single-Family · Stadium District

4 bd 2 ba 1,950 sqft$385,000

Spacious 4-bedroom home in the Stadium District near Ross-Ade. Updated kitchen, two full baths, finished basement. Four-bedroom layout popular with parent buyers renting to student roommates.

For Sale

1 / 4

0.7 miles from campus

Single-Family · Stadium District

4 bd 2 ba 1,950 sqft$385,000

Spacious 4-bedroom home in the Stadium District near Ross-Ade. Updated kitchen, two full baths, finished basement. Four-bedroom layout popular with parent buyers renting to student roommates.

For Sale

0.7 miles from campus

Single-Family · Happy Hollow

3 bd 1 ba 1,320 sqft$255,000

Classic 3-bedroom ranch in Happy Hollow. Original hardwood floors, updated kitchen, fenced backyard. Quiet street near Happy Hollow Park — short drive or bike to Purdue.

For Sale

1 / 4

0.7 miles from campus

Single-Family · Happy Hollow

3 bd 1 ba 1,320 sqft$255,000

Classic 3-bedroom ranch in Happy Hollow. Original hardwood floors, updated kitchen, fenced backyard. Quiet street near Happy Hollow Park — short drive or bike to Purdue.

For Sale

0.8 miles from campus

Single-Family · Hillcrest

4 bd 3 ba 2,200 sqft$420,000

Beautifully maintained 4-bedroom colonial in Hillcrest. Updated kitchen, three full baths, two-car garage. Excellent parent-purchase home with strong rental potential near Purdue.

For Sale

1 / 5

0.8 miles from campus

Single-Family · Hillcrest

4 bd 3 ba 2,200 sqft$420,000

Beautifully maintained 4-bedroom colonial in Hillcrest. Updated kitchen, three full baths, two-car garage. Excellent parent-purchase home with strong rental potential near Purdue.

For Sale

0.9 miles from campus

Townhome · Evergreen

3 bd 2 ba 1,550 sqft$310,000

Modern 3-bedroom townhome in the Evergreen neighborhood. Open main level, attached garage, updated kitchen. Short drive to Purdue — strong rental demand from graduate students.

For Sale

1 / 4

0.9 miles from campus

Townhome · Evergreen

3 bd 2 ba 1,550 sqft$310,000

Modern 3-bedroom townhome in the Evergreen neighborhood. Open main level, attached garage, updated kitchen. Short drive to Purdue — strong rental demand from graduate students.

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View All Properties

For Sale

For Sale · Condo

0.3 miles from campus

West Lafayette, IN 47906 · Wabash Riverfront

$220,000 2 bd 2 ba 950 sqft

Updated 2-bedroom condo near Wabash River. In-unit laundry, river views, secured building. Short drive or bus to Purdue — great entry-level parent-purchase.

Viewing 1 of 8

Rent vs. Own + Cash-Flow Snapshot

Compare estimated nearby rent with the cost of owning this property. Roommate contributions may offset part of the payment, but all figures require review.

Rent Nearby

$1,900/mo

2 beds × $950/mo

Own This Property

$1,531/mo

Estimated payment @ 7.25%

Monthly Gap

+$369/mo

DSCR: 1.24x

Simple read: Estimated comparable rent is $1,900/mo. The estimated monthly ownership cost is $1,531/mo, creating an estimated difference of $369/mo before appreciation, tax treatment, principal reduction, maintenance changes, vacancies, or rent changes.

Roommate Rent Offset

If the student occupies one bedroom, up to 1 additional bedroom may potentially be used by roommates. At an estimated $950 per occupied roommate bedroom, the projected monthly offset would be approximately $950.

Roommate income is not guaranteed. Lease gaps, turnover, non-payment, occupancy rules, and changing rental conditions may affect actual contributions.

Monthly Ownership Estimate

Estimated monthly costs with local-service review points for each line. Confirm actual financing, taxes, insurance, association charges, utilities, and management costs with qualified professionals.

Purchase Scenario

$220,000

est. price · 25% down ($55,000)

Principal & Interest

30-yr @ 7.25% · loan $165,000

$1,126/mo

Property Tax

~1.2% effective rate on $220,000

$222/mo

Homeowners / Hazard / Flood InsuranceConfirm during review

$2,200/yr estimate · varies by location, coverage, carrier

$183/mo

HOA / Condo DuesConfirm during review

Confirm during review

$0/mo

Property ManagementEducational estimate

~8% of gross rent · leasing, maintenance, rent collection

$152/mo

Internet / Utilities SetupConfirm during review

Student-friendly plan estimate · varies by provider

$80/mo

Move-In / Setup ReserveEducational estimate

Monthly reserve for furniture, storage, move-in costs

$200/mo

Estimated Total Monthly Ownership Cost

$1,963/mo

vs. $1,900/mo estimated rent

Compare Financing Options

Rent Nearby

$1,900/mo

Est. PITIA

$1,531/mo

Est. Diff

+$369/mo

Interest-Only

Request estimate

COMPARE FINANCING OPTIONS

Comparable Nearby Options

Compare other active Purdue University-area properties from the current result set.

0.4 miles from campus

Condo · 2 bd / 2 ba · $275,000

Same property type

0.5 miles from campus

Condo · 2 bd / 2 ba · $245,000

Same property type

0.5 miles from campus

Single-Family · 3 bd / 2 ba · $345,000

More bedrooms

Near campusFinancing reviewCondo / HOALower-maintenance option

Additional Local Services

Property ManagementConfirm during review

Homeowners / Hazard / Flood InsuranceConfirm during review

Moving / StorageConfirm during review

Internet ProviderConfirm during review

Educational estimates only. These figures are not a loan quote, investment advice, tax advice, an appraisal, or a guarantee of rent, approval, occupancy, appreciation, or cash flow. Property-specific figures should be reviewed with qualified real estate, lending, insurance, tax, and property-management professionals.

8 representative buy scenarios

YOUR PURDUE UNIVERSITY REAL ESTATE EXPERT

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For Sale

0.3 miles from campus

Condo · Wabash Riverfront

2 bd 2 ba 950 sqft$220,000

Updated 2-bedroom condo near Wabash River. In-unit laundry, river views, secured building. Short drive or bus to Purdue — great entry-level parent-purchase.

For Sale

1 / 4

0.3 miles from campus

Condo · Wabash Riverfront

2 bd 2 ba 950 sqft$220,000

Updated 2-bedroom condo near Wabash River. In-unit laundry, river views, secured building. Short drive or bus to Purdue — great entry-level parent-purchase.

For Sale

0.4 miles from campus

Condo · Northwestern Heights

2 bd 2 ba 1,050 sqft$275,000

Modern 2-bedroom condo near Purdue's north campus. In-unit laundry, secure building, covered parking. Turnkey parent-purchase or investor condo close to campus.

For Sale

1 / 4

0.4 miles from campus

Condo · Northwestern Heights

2 bd 2 ba 1,050 sqft$275,000

Modern 2-bedroom condo near Purdue's north campus. In-unit laundry, secure building, covered parking. Turnkey parent-purchase or investor condo close to campus.

For Sale

0.5 miles from campus

Single-Family · New Chauncey

3 bd 2 ba 1,600 sqft$345,000

Charming 3-bedroom home in New Chauncey, walking distance to Purdue's campus. Hardwood floors, updated kitchen, large screened porch. Ideal parent-purchase location near campus.

For Sale

1 / 4

0.5 miles from campus

Single-Family · New Chauncey

3 bd 2 ba 1,600 sqft$345,000

Charming 3-bedroom home in New Chauncey, walking distance to Purdue's campus. Hardwood floors, updated kitchen, large screened porch. Ideal parent-purchase location near campus.

For Sale

0.5 miles from campus

Condo · Downtown West Lafayette

2 bd 2 ba 980 sqft$245,000

Updated 2-bedroom condo in downtown West Lafayette. In-unit laundry, balcony, covered parking. Walk to Purdue campus and downtown restaurants — excellent parent-purchase condo.

For Sale

1 / 4

0.5 miles from campus

Condo · Downtown West Lafayette

2 bd 2 ba 980 sqft$245,000

Updated 2-bedroom condo in downtown West Lafayette. In-unit laundry, balcony, covered parking. Walk to Purdue campus and downtown restaurants — excellent parent-purchase condo.

For Sale

0.7 miles from campus

Single-Family · Stadium District

4 bd 2 ba 1,950 sqft$385,000

Spacious 4-bedroom home in the Stadium District near Ross-Ade. Updated kitchen, two full baths, finished basement. Four-bedroom layout popular with parent buyers renting to student roommates.

For Sale

1 / 4

0.7 miles from campus

Single-Family · Stadium District

4 bd 2 ba 1,950 sqft$385,000

Spacious 4-bedroom home in the Stadium District near Ross-Ade. Updated kitchen, two full baths, finished basement. Four-bedroom layout popular with parent buyers renting to student roommates.

For Sale

0.7 miles from campus

Single-Family · Happy Hollow

3 bd 1 ba 1,320 sqft$255,000

Classic 3-bedroom ranch in Happy Hollow. Original hardwood floors, updated kitchen, fenced backyard. Quiet street near Happy Hollow Park — short drive or bike to Purdue.

For Sale

1 / 4

0.7 miles from campus

Single-Family · Happy Hollow

3 bd 1 ba 1,320 sqft$255,000

Classic 3-bedroom ranch in Happy Hollow. Original hardwood floors, updated kitchen, fenced backyard. Quiet street near Happy Hollow Park — short drive or bike to Purdue.

For Sale

0.8 miles from campus

Single-Family · Hillcrest

4 bd 3 ba 2,200 sqft$420,000

Beautifully maintained 4-bedroom colonial in Hillcrest. Updated kitchen, three full baths, two-car garage. Excellent parent-purchase home with strong rental potential near Purdue.

For Sale

1 / 5

0.8 miles from campus

Single-Family · Hillcrest

4 bd 3 ba 2,200 sqft$420,000

Beautifully maintained 4-bedroom colonial in Hillcrest. Updated kitchen, three full baths, two-car garage. Excellent parent-purchase home with strong rental potential near Purdue.

For Sale

0.9 miles from campus

Townhome · Evergreen

3 bd 2 ba 1,550 sqft$310,000

Modern 3-bedroom townhome in the Evergreen neighborhood. Open main level, attached garage, updated kitchen. Short drive to Purdue — strong rental demand from graduate students.

For Sale

1 / 4

0.9 miles from campus

Townhome · Evergreen

3 bd 2 ba 1,550 sqft$310,000

Modern 3-bedroom townhome in the Evergreen neighborhood. Open main level, attached garage, updated kitchen. Short drive to Purdue — strong rental demand from graduate students.

Showing all 8 properties

Property information, pricing, photographs, and availability may change. Verify current details before making a housing decision. CollegeHousing.ai is an independent housing information platform and is not a brokerage, MLS, property-listing provider, or affiliate of Purdue University.

Market Snapshot

Purdue University / West Lafayette housing data

Public data sources for evaluating college-area housing decisions. Not investment advice. Not a guarantee of rental income, appreciation, or loan approval.

Data verified: 2026-08-02

University Demand

44,046

Total Enrollment

32,991

Undergraduate

11,055

Graduate

6,200

First-Year Class

94%

Retention Rate

66%

4-Year Graduation Rate

SourceOfficial University Facts — Purdue University · Fall 2024

On-Campus vs Off-Campus Housing

First-Year Live-On Required

On-Campus Housing Guaranteed

82%

First-Year in Univ. Housing

18%

First-Year Off Campus / Commute

20%

All Undergrads in Univ. Housing

80%

All Undergrads Off Campus / Commute

Purdue does not require first-year students to live on campus. Approximately 80% of all undergraduates live off campus, creating a deep private housing market in West Lafayette.

SourceOfficial Common Data Set — Purdue University, Section F · 2024–2025 Common Data Set

Local Housing Baseline — West Lafayette

$284,700

Median Owner-Occupied Home Value

$1,123/mo

Median Gross Rent

46.1%

Owner-Occupied Housing Rate

$1,625

Median Monthly Owner Cost (w/ Mortgage)

200,145

City Population

78,924

Households

SourceU.S. Census Bureau QuickFacts — West Lafayette, IN · 2020–2024 ACS 5-Year Estimates

When students typically move off campus

First-Year Live-On Required

On-Campus Housing Guaranteed

82%

First-Year Students in Univ. Housing

18%

First-Year Students Off Campus / Commute

20%

All Undergrads in Univ. Housing

80%

All Undergrads Off Campus / Commute

What this means for housing decisions

Purdue does not require first-year students to live on campus, but a large share do. Approximately 80% of all undergraduates live off campus, creating one of the largest off-campus housing markets in the Indiana university system.

SourceOfficial Common Data Set — Purdue University, Section F · 2024–2025 Common Data Set

Parent Rent-vs-Buy Trigger

•4+ years of housing needed
•No freshman live-on requirement — immediate off-campus option
•Most undergrads live off campus or commute
•Rent alternative: median rent $1,123/mo
•Roommate income potential from other students
•Ownership horizon: typically 3–5 years
•Resale after graduation — parent/investor buyer pool
•Property management if parent is out of town
•Financing: second home vs investment property classification

Investor Cash-Flow Trigger

•Strong off-campus demand — 80% of undergrads off campus
•Rent-by-room potential near campus
•School-year lease timing (Aug–Jul typical)
•Turnover risk between academic years
•Maintenance and management load
•DSCR review: rent vs debt service
•Local owner-occupancy rate: 46.1% — context for rental demand
•Exit strategy: sell to parent buyer, investor, or owner-occupant

Seller / Refi / Hold Trigger

•Current lease status and rental history
•Campus proximity and property condition
•Buyer pool: parents, investors, owner-occupants
•Sell vs hold: compare net proceeds with ongoing rental income
•Refinance / cash-out review
•School-year timing: list before leasing season
•Equity position and market conditions

Financing Trigger

•Parent purchase financing (owner-occupied or second home)
•Second-home vs investment property classification
•Investment-property loan options
•DSCR loan review for rental-backed properties
•Refinance and cash-out options
•Down payment sensitivity by loan type
•Insurance, property tax, and HOA review

You're viewing the Purdue University housing market.

•

Use this page to review parent, investor, seller, and financing paths near campus.

Built Around the Purdue University Housing Decision

Families and investors do not search for generic housing. They search around a specific school, a specific timeline, and a specific decision. This market page organizes the major paths around Purdue University.

Parents

Compare rent vs. buy near Purdue University before defaulting to another year of rent.

Start Rent vs. Buy Review

Investors

Review campus-area rental potential, student housing demand, and financing paths.

Analyze a Campus Rental

Sellers

Understand whether campus-area ownership demand may support a sale, refinance, or hold decision.

Request Property Review

Borrowers

Review DSCR, conventional, refinance, and cash-out paths for campus-area property.

Check Financing Options

Purdue Housing Decision Center

Review Purdue University Campus-Area Housing

Independent college housing market review covering parent rent-vs-buy analysis, student-rental investment evaluation, DSCR financing review, seller timing, and local real estate professional connection for the Purdue University / West Lafayette market.

Parent Rent vs. Buy

Investor Cash Flow

Seller Review

Financing Path

Parent Rent vs. Buy

Review Candidates

Student-Rental Demand

~80% Off Campus

Local Market Contact

Available

Explore Purdue Property Review Candidates

Estimated review scenario. Current availability, pricing, rent potential, taxes, insurance, HOA, and financing terms should be verified before making a decision. These are not active MLS listings.

NEIGHBORHOODS

Compare Neighborhoods Near Purdue

Compare four West Lafayette / greater Lafayette areas by proximity to the Purdue campus, housing type, buyer fit, and practical considerations before focusing your search.

Student housing and apartments near a campus

Walkable to Campus

Campus / Chauncey & West Lafayette

47906 / 47907 · Walkable to campus

The Chauncey Hill and West Lafayette neighborhoods directly around the Purdue campus, with student apartments, dining, and fraternity housing south of State Street. It is the closest, most connected student living.

Housing MixStudent apartments, houses, and purpose-built housing

Best FitStudents, faculty, and parents wanting the closest walk to campus

Watch ForChauncey and the State Street corridor are busy with students

Featured Area

Established Family

Sagamore / Happy Hollow

47906 · Bike or short drive to campus

Established West Lafayette neighborhoods such as Sagamore and Happy Hollow offer family homes, parks, and well-kept streets with easy access to campus. They are a settled, family-friendly choice for Purdue faculty and staff.

Housing MixEstablished single-family homes and planned neighborhoods

Best FitFamilies, faculty, and long-term owners wanting settled housing near campus

Watch ForWest Lafayette demand keeps good properties competitive

Featured Area

Walkable downtown streets with shops and homes

Value-Oriented

Greater Lafayette / Downtown

47901 / 47904 · Short drive to campus

The city of Lafayette across the Wabash offers historic downtown housing, more affordable family homes, and a growing restaurant scene, a short drive over the bridge to campus. It provides value just minutes from Purdue.

Housing MixHistoric downtown homes and varied family neighborhoods

Best FitBudget-conscious buyers, families, and investors wanting value near campus

Watch ForCrossing the river adds a drive but opens pricing

Featured Area

Newer single-family homes in a growing suburb

Growing Suburbs

Winchester / South Wabash

47905 / 47909 · Short drive to campus

The growing east and south Lafayette communities around Winchester and the South Wabash corridor offer newer subdivisions, family homes, and schools with a reliable drive to campus. They serve families and commuters near Purdue.

Housing MixNewer subdivisions and family single-family homes

Best FitFamilies wanting new homes and space with a practical campus commute

Watch ForSouth/east Lafayette commute to campus requires a drive over the Wabash

Featured Area

Market Guidance

Purdue University Housing Market Guides

Local guides for parents, investors, sellers, and borrowers reviewing housing near Purdue University in West Lafayette.

Parent Guide

Buying Housing Near Purdue University: Parent Guide to West Lafayette Campus Areas

What parents should evaluate when comparing rent, ownership, neighborhood selection, and resale potential near Purdue University in West Lafayette.

Read Guide

Parent Guide

Rent vs. Buy Near Purdue University

A West Lafayette-focused rent-vs-buy guide for families comparing student rental costs against owning near Purdue University.

Read Guide

Local Guide

Best West Lafayette Areas to Review for Purdue Housing

A local review of campus-area housing considerations near Purdue University and across the West Lafayette area.

Read Guide

Investor Guide

Purdue Student Rental Investment Guide

How investors can evaluate rental demand, local market dynamics, property type, cash flow, and exit strategy around Purdue University.

Read Guide

Seller Guide

Selling a House Near Purdue University

How campus-area owners can position a West Lafayette property for parent buyers, investor buyers, and local market demand.

Read Guide

Financing Guide

DSCR and Investor Financing for Purdue-Area Rentals

What borrowers should know when reviewing DSCR, rental income, investor financing, and student-housing properties near Purdue University.

Read Guide

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Review Paths

Purdue University Housing Review Paths

Choose the path that best matches your situation near Purdue University in West Lafayette. Each review path focuses on a different set of housing and financing questions.

Parent Rent vs. Buy Review

Compare four years of West Lafayette rent with ownership costs near Purdue University. Review roommate rent offset, financing structure, and after-graduation options.

Start Parent Review

Investor Cash Flow Review

Evaluate student-rental income, operating expenses, DSCR fit, vacancy assumptions, and long-term college-town demand near Purdue University.

Analyze a Campus Rental

Seller / Hold Review

Review whether your West Lafayette-area property may attract parent buyers, student-rental investors, or local demand. Compare sell, refinance, and hold scenarios.

Request Property Review

Financing Review

Review parent-purchase, second-home, investment-property, DSCR, refinance, and cash-out financing paths for the West Lafayette market.

Check Financing Options

Property Management Review

Plan for leasing, maintenance, turnover, roommate management, and long-distance ownership before buying or holding near Purdue University.

Review Management

Start with your decision

Each path focuses on a different set of questions — parent purchase, investment cash flow, seller review, or financing options near Purdue University.