PARSIPPANY, N.J. (Coldwell Banker) – Three Texas cities are among the top ten most affordable college towns in the country, according to Coldwell Banker’s 2009 Home Price Comparison Index (HPCI).

The annual College HPCI provides a comparison of similarly sized 2,200-sf, four-bedroom, two-and-a-half bathroom homes in college markets within the 120 football bowl subdivision schools.

Fort Worth, home of Texas Christian University, ranked fifth with an average home price of $153,450.

Denton, with the University of North Texas, ranked seventh for its $154,900 average home price.

Houston, which has Rice University and the University of Houston, ranked eighth with an average home price of $159,847.

As for the rest of the state, Lubbock ranked 17th; Waco, 38th; El Paso, 52nd; College Station, 58th; Austin, 59th; and Dallas, 101st.

Also see complete RECON issue for 11/6/2009.