The value of fraternity and sorority properties
Of course, like the many schools they’re associated with, the value of sorority and fraternity properties vary widely depending on the organization and—perhaps even more importantly—the location.
Among sororities, Alpha Gamma Delta came out on top for having the most expensive properties by organization. Founded in 1904 at Syracuse University, the average Alpha Gamma Delta property is worth $1.74 million based on our study.
Meanwhile, Chi Psi fraternity properties ranked as the most property-rich for men. Even older than Alpha Gamma Delta, Chi Psi was founded in 1841 at Union College in Schenectady, New York. Properties in this 177-year-old order are worth an average of $1.64 million each, according to our research.
While other organizations, like Alpha Omicron Pi and Sigma Alpha Epsilon, have digs averaging $1.55 million for their pledges and members, a look at the numbers reveals that a Greek house’s location may make a bigger overall difference in value than the organization to which it belongs. Our research showed that the average valuation of the most expensive Greek property by university was $1.72 million higher than the average valuation of the most expensive housing by organization—meaning that it pays to be in the right place, regardless of the club.
Read more: Choice Home Warranty review.
For example, fraternity housing at Vanderbilt University averaged values of $3.09 million, and women’s clubs at the University of Colorado Boulder were worth even more—$3.46 million.