Investment homes in cool school towns

Missoula, Montana

Address: 1008 Van Buren St.
Price: $149,000
Square feet: 608
Price per square foot: $245

Tucked away just a mile from the edge of the University of Montana campus, this home has one of the cheapest price tags on our list, but it's the second-most-expensive per square foot. Of course, it's located in the desirable Lower Rattlesnake historical district. It's a two-bedroom and one full bathroom home with several 2007 updates. In the kitchen, you'll find newer cabinets, a stainless steel sink and newer solid-surface counter tops. It sits on a large, fenced-in lot. The typical mortgage for this home is $620 per month. And the average rent for a two-bedroom home is $785 per month.

Outdoor activities are in abundance in Missoula. In fact, you can find 3.1 million acres of wilderness within a 100-mile radius of the university. The Rattlesnake Wilderness is just 5 minutes away. But if you're more of a snowbird, Snowbowl Ski Area is just seven miles from campus.

Julie Anton: Prudential MT Real Estate; 406-868-1839