When you first enter a college campus, it can be easy to figure out which areas belong to the Greeks, with the luxurious houses belonging to the campus “brothers” and “sisters.” Stereotype or not, a new study from House Method seems to suggest that the idea that fraternities and sororities live in luxury is certainly based in truth. Looking at over 1,300 fraternity and sorority properties, the study found that these properties also boast pretty impressive real estate.
What is the average Greek property like?
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As the study found, around 10% of male students and slightly over 12% of female students participated in Greek organizations in 2015.
Greek properties are certainly expensive, worth more than a million dollars on average. Generally speaking, fraternity properties tend to be larger than sorority properties, although they tend to be less expensive on average; the fraternity properties leaned towards a $1.05 million average property value, while the sorority properties had around $1.22 million. That said, on average, fraternity properties have an average property size of around 29,589 square feet, while sorority properties have an average property size of 26,247 square feet.
Like a fine wine, the wealth and age of Greek properties came hand in hand, with the average house being 67 to 70 years old. On average, fraternity properties were generally as old as 1947 and sorority properties were as old as 1950.
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That said, specific organizations and locations were also a factor. Among fraternities, Chi Phi was the most expensive organization, worth around $1.64 million on average. Among sororities, Alpha Gamma Delta was the most expensive organization, worth around $1.74 million on average. A full list of property values, divided by greek organizations and universities, can be read below. Take a look!
Greek Life Property Value
Greek Organizations
Fraternities
- Chi Psi: $1.64M
- Sigma Alpha Epsilon: $1.55M
- Pi Kappa Sigma: $1.52M
- Sigma Chi: $1.41M
- Phi Kappa Psi: $1.41M
- Alpha Gamma Sigma: $1.36M
- Alpha Delta Phi: $1.34M
- Alpha Gamma Rho: $1.34M
- Kappa Sigma: $1.29M
- Theta Xi: $1.28
Sororities
- Alpha Gamma Delta: $1.74M
- Alpha Omicron Pi: $1.55M
- Sigma Kappa: $1.41M
- Chi Omega: $1.41M
- Kappa Alpha Theta: $1.40M
- Kappa Kappa Gamma: $1.32M
- Delta Gamma: $1.25M
- Zeta Tau Alpha: $1.24M
- Alpha Delta Pi: $1.23M
- Delta Delta Delta: $1.22M
Universities
Fraternities
- Vanderbilt University: $3.09M
- University of Washington: $2.61M
- Washington and Lee University: $2.17M
- Southern Methodist University: $2.14M
- University of Texas: $1.89M
- Dartmouth College: $1.58M
- Oklahoma State University: $1.52M
- Oregon State University: $1.51M
- Indiana University: $1.49M
- University of Kentucky: $1.48M
Sororities
- University of Colorado Boulder: $3.46M
- University of Washington: $2.97M
- Vanderbilt University: $2.93M
- University of Texas: $2.55M
- Southern Methodist University: $1.88M
- University of Georgia: $1.82M
- Indiana University: $1.66M
- Oklahoma State University: $1.61M
- Kansas State University: $1.57M
- Oregon State University: $1.56M
Largest Greek Life Properties (Square Footage)
Greek Organizations
Fraternities
- Delta Tau Delta: 58,052
- Zeta Psi: 45,624
- Sigma Alpha Epsilon: 40,739
- Chi Psi: 39,722
- Kappa Sigma: 39,471
- Phi Delta Theta: 38,323
- Sigma Chi: 38,192
- Alpha Epsilon Pi: 37,673
- Alpha Gamma Rho: 35,324
- Pi Kappa Alpha: 33,626
Sororities
- Pi Beta Phi: 30,888
- Zeta Tau Alpha: 30,364
- Sigma Kappa: 29,938
- Alpha Omicron Pi: 29,835
- Alpha Delta Pi: 29,762
- Gamma Phi Beta: 28,752
- Kappa Delta: 27,747
- Kappa Alpha Theta: 27,107
- Alpha Xi Delta: 26,720
- Alpha Phi: 26,665
Fraternities
- Texas A&M University: 208,276
- University of Oklahoma: 74,250
- University of Missouri: 65,294
- Cornell University: 60,172
- Colgate University: 58,719
- Indiana University: 47,146
- Kansas State University: 43,712
- Texas Tech University: 40,440
- University of Vermont: 39,640
- Washington State University: 39,181
Sororities
- University of Oklahoma: 64,508
- University of Georgia: 50,222
- Indiana University: 48,837
- Kansas State University: 43,415
- University of Texas: 42,654
- Texas Tech University: 41,330
- Oklahoma State University: 39,674
- Washington State University: 36,819
- University of Kansas: 35,641
- Purdue University: 35,519
Oldest Greek Life Homes
Greek Properties
Fraternities
- 1924
- Theta Delta Chi
- 1929
- Theta Xi
- Psi Upsilon
- 1930
- Delta Kappa Epsilon
- 1936
- Triangle Pi
- Lambda Phi
- Chi Psi
- 1937
- Zeta Psi
- Lambha Chi Alpha
- Zeta Beta Tau
Sororities
- 1921
- Delta Phi Epsilon
- 1942
- Sigma Delta Tau
- Delta Delta Delta
- Gamma Phi Beta
- 1943
- Alpha Gamma Delta
- 1945
- Sigma Kappa
- Alpha Phi
- Kappa Alpha Theta
- 1948
- Alpha Xi Delta
- 1949
- Zeta Tau Alpha
Universities
Fraternities
- 1879
- University of Vermont
- 1911
- University of Michigan
- 1913
- University of Virginia
- 1920
- University of Washington
- 1922
- University of Wisconsin
- 1924
- Dartmouth College
- 1925
- University of Illinois
- University of Pennsylvania
- University of Delaware
- 1927
- University of Iowa
Sororities
- 1899
- University of Vermont
- 1909
- University of Pennsylvania
- 1915
- West Virginia University
- 1916
- University of Virginia
- 1918
- Syracuse University
- 1920
- University of Wisconsin
- 1924
- University of Michigan
- 1925
- University of Illinois
- 1930
- University of California, Los Angeles
- University of North Dakota