What Does $185K Get You? 4 Years of College Tuition or a 3-Bedroom Home

Every generation of parents heeds the same terrifying warning: College tuition will be astronomical by the time their kids shop for four-year educations (if they can get into a decent school).

According to College Data, the price tag for a moderate budget at a private college averaged $46,272 for the 2014 -- 2015 year. That totals $185,000 for a bachelor's degree (and we're not even factoring in increases over that time span).

So what can that get you in the real estate market? Quite a bit, actually. No, we're not truly suggesting that you persuade your kids to skip college. But just in case, here's a peek at what you could get for the equivalent of those precious four years:

Where: 1417 West Crane St., Arlington Heights, IL

What: Two-bedroom, two-bathroom condo in a cul-de-sac

The master bedroom of this first-floor unit has an en suite bathroom with a walk in closet, shower, and double sinks. Double sliders to a patio and backyard area make it feel spacious.

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Where: 19 Edgemont Ave., Longmeadow, MA

What: Four-bedroom, 1.5-car garage dormered cape

Although this one comes in slightly above $185,000, we're guessing there's some wiggle room. Hardwood floors throughout, a three-season porch, and an open floor plan round out this steal.

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Where: 814 Parkside Ave, Mount Lebanon, PA

What: Three-bedroom, one-bathroom 1930s all-brick Colonial in Sunset Hills

Full of retro charm, this large home offers a formal dining room, first-floor office area, a covered patio with access from the kitchen and living room, and a walk-up attic.