Top 35 Affordable Master’s in Real Estate 2021

A master’s in real estate degree provides students with all the knowledge and expertise needed for a career in real estate development. Students who wish to have a career as a real estate broker, real estate investor, real estate developer, property manager, or any other real estate-related field should consider enrolling in a master’s degree in real estate program.

Top Affordable Master’s in Real Estate: Methodology

For students who want to pursue a master’s degree in real estate, we have compiled a list of the top programs available. These programs have been selected for this ranking based upon a scoring system that takes into account the cost of tuition and the length of the program. All of these programs have been accredited by nationally recognized accreditation boards and have had their nonprofit status verified. The programs are ordered from highest to lowest score. Note that tuition rates listed below are based on cost per credit, and individual programs may have additional fees.

Ranking the Top Master’s in Real Estate Programs Available

#1. Longwood University

Online Master of Business Administration in Real Estate

Farmville, Virginia

Students at Longwood University can enroll in the school’s Online Master of Business Administration in Real Estate degree. This online master’s in real estate degree provides students with the skills and understanding to become successful real estate brokers. By completing this degree, Longwood University ensures that students will be able to understand the real estate market at every level. The Association to Advance Collegiate Schools of Business has provided Longwood University with accreditation for this program. A total of 31 credit hours are needed to complete this degree. Students can expect to earn this degree in as little as ten months.

Tuition: $12,617

Score: 100

#2. Ohio State University

Master of Business Administration in Real Estate Management

Columbus, Ohio

Ohio State University students can choose to enroll in this on-campus Master of Business Administration in Real Estate Management degree. This program is offered to students entirely on-campus. A total of 36 credit hours are needed to earn this degree. Students can expect to complete this program in under two years. The Higher Learning Commission has provided Ohio State University with accreditation for this program of study. Through the pursuit of this degree program, students will work to understand the various factors that influence the real estate market to become effective real estate brokers and developers.

Tuition: $12,996

Score: 99.75

#3. University of Indianapolis

Master of Professional Studies in Real Estate Development

Indianapolis, Indiana

This Master of Professional Studies in Real Estate Development degree is offered to students by the University of Indianapolis.  This degree program is designed to be taken on-campus. A total of 30 credit hours are needed to graduate with this degree. Students can expect to complete this program in under two years. The University of Indianapolis has received accreditation for this degree from the Higher Learning Commission. Students who have completed this degree have gone on to have careers as real estate developers, property managers, commercial bankers, asset managers, and much more.

Tuition: $15,540

Score: 99.5

#4. University of California Berkeley

Master of Business Administration – Real Estate

Berkeley, California

Aspiring University of California Berkeley students can enroll in this Master of Business Administration – Real Estate degree. This master’s in real estate is offered to students on the University of California Berkeley campus. A total of 30 credit hours are needed to complete this master’s in real estate. The University of California Berkeley estimates that students will be able to complete this program in as little as two years. The Western Association of Schools and Colleges has provided the University of California Berkeley with accreditation for this degree program. Courses in this program of study include land development & investment, real estate development, and real estate finance & securitization.

Tuition: $17,163

Score: 99.25

#5. University of North Carolina – Charlotte

Master of Science in Real Estate

Charlotte, North Carolina

Students can choose to enroll in this Master of Science in Real Estate degree from the University of North Carolina Charlotte. By completing this master’s degree in real estate, students will have advanced through a curriculum that draws elements from architecture, economics, engineering, finance, geography, and more. A total of 32 credit hours are needed to complete this program of study. Courses in this program of study include real estate and finance economics, real estate development, financial management, and more.  The University of North Carolina Charlotte has received accreditation for this program from the Southern Association of Colleges and Schools Commission on Colleges.

Tuition: $17,344

Score: 99

#6. Georgia Tech University

Master of Real Estate Development

Atlanta, Georgia

Georgia Tech University currently offers students a Master of Real Estate Development degree. This program must be completed on-campus. A total of 30 credit hours are needed to complete this program of study. Georgia Tech University has received accreditation for this master’s in real estate program from the Southern Association of Colleges and Schools Commission on Colleges. Courses in this program of study include the evolution of a deal, real estate development basic finance, land conservation, and much more. This degree program can be completed in under two years.

Tuition: $17,580

Score: 98.75

#7. Florida State University

Online Master of Business Administration with Real Estate Specialization

Tallahassee, Florida

Offered online, this Online Master of Business Administration with Real Estate Specialization degree is made available by Florida State University. This program of study helps students develop the skills and expertise needed for a career in real estate and real estate development. A total of 39 credit hours are needed to complete this program of study. The Southern Association of Colleges and Schools Commission o Colleges has provided Florida State University with accreditation for this program of study. Florida State University expects that students will be able to complete this program in as little as two years. Courses in this program include real estate finance, real estate investment, and much more.

Tuition: $18,681

Score: 98.5

#8. University at Buffalo

Master of Science in Real Estate Development

Buffalo, New York

Offered at the University at Buffalo, this Master of Science in Real Estate Development is made available to students on-campus. The University at Buffalo has received accreditation for this program of study from The Middle States Commission on Higher Education. A total of 30 credit hours are needed to complete this degree. The University at Buffalo estimates that students will be able to complete this program of study in under two years. Courses in this master’s degree in real estate include market analysis, process of real estate development, design for development, and more. By completing this degree program, students will learn the skills, concepts, and techniques needed to succeed in real estate development.

Tuition: $23,100

Score: 98.25

#9. Baruch College

Master of Science in Real Estate

New York, New York

Students at Baruch College can enroll in this Master of Science in Real Estate degree. This program is offered to students on-campus. Baruch College estimates that students will be able to complete this degree in just four semesters. The Middle States Commission on Higher Education has provided Baruch College with accreditation for this program of study. A total of 34 credit hours are needed to complete this degree program. This master’s degree in real estate provides students with all the skills and information they need to succeed in real estate and real estate development. Some of the courses offered by this program include real estate capital markets, real estate development, and more.

Tuition: $24,650

Score: 98

#10. Liberty University

Online Master of Business Administration in Real Estate Development

Lynchburg, Virginia

This Online Master of Business Administration in Real Estate Development degree is offered to students by Liberty University. A total of 45 credit hours are needed to complete this degree program. Liberty University estimates that students will be able to complete this master’s degree in real estate in about two years. Courses included in this program of study are real estate operations, property law, investment analysis, and more. Courses in this program are eight weeks long. The Accreditation Council for Business Schools and Programs has provided Liberty University with accreditation for this degree program.

Tuition: $25,425

Score: 97.5

#11. University of Arizona

Online Master of Science Real Estate Development

Tucson, Arizona

Students interested in studying at the University of Arizona can enroll in the school’s Online Master of Science in Real Estate Development degree. This program of study is offered entirely online. A total of 30 credit hours are needed to complete this program of study. The Higher Learning Commission has provided the University of Arizona with accreditation for this master’s degree in real estate. Students can expect to complete this program of study in under two years. Through the pursuit of this degree, students will learn more about the principles of real estate, advanced real estate investment analysis, fundamentals of real estate finance, and much more.

Tuition: $18,900

Score: 97.25

#12. Arizona State University

Master of Real Estate Development

Tempe, Arizona

Arizona State University currently offers students this Master of Real Estate Development degree. A total of 36 credit hours are needed to complete this degree program. The Higher Learning Commission has provided Arizona State University with accreditation for this program of study. Courses in this master’s in real estate program include real estate market analysis, real estate law for developers, land use law & public entitlement process, and much more. This program of study is a great option for students who want to become real estate brokers or real estate developers.

Tuition: $29,322

Score: 97

#13. Florida International University

Online Master of Science in International Real Estate

Miami, Florida

This Online Master of Science in International Real Estate degree is offered to students by Florida International University. Students in this degree program will work through a curriculum designed to teach them the skills and competencies needed to work in international real estate. A total of 30 credit hours are needed to complete this program of study. Courses in this degree program include Real Estate Finance, Real Estate Law, Real Estate Development, and much more. The Southern Association of Colleges and Schools Commission on Colleges has provided Florida International University with accreditation for this degree. Florida International University estimates that students can complete this degree program in as little as ten months.

Tuition: $30,000

Score: 96.75

#14. Massachusetts Institute of Technology

Master of Science in Real Estate Development

Cambridge, Massachusetts

Massachusetts Institute of Technology offers this Master of Science in Real Estate Development degree. This program is offered on-campus. A total of 60 credit hours are needed to earn this degree. Massachusetts Institute of Technology estimates that students will be able to complete this program in one year if taken in the intensive format. Massachusetts Institute of Technology has received accreditation for this degree program from the New England Commission on Higher Education. Courses in this program include real estate economics, real estate finance & investment, and real estate development building systems.

Tuition: $34,800

Score: 96.5

#15. Nova Southeastern University

Master of Science in Real Estate Development

Fort Lauderdale, Florida

Students at Nova Southeastern University can enroll in the school’s Master of Science in Real Estate Development degree. This program of study must be taken on-campus. The Southern Association of Colleges and Schools Commission on Colleges has provided Nova Southeastern University with accreditation for this degree. A total of 36 credit hours are needed to complete this program. Some of the courses in this program include real estate construction principles, real estate finance, real estate financial modeling, and geographic information systems. Nova Southeastern University estimates that students will be able to complete this degree in under two years.

Tuition: $34,812

Score: 96.25

#16. University of Colorado Boulder

Master of Science in Real Estate

Boulder, Colorado

The University of Colorado Boulder offers this on-campus Master of Science in Real Estate degree to its students. This program is not offered online and must be taken on-campus. A total of 30 credit hours are needed to earn this degree. The Higher Learning Commission has provided the University of Colorado Boulder with accreditation for this degree program. Students can expect to be able to complete this degree in just nine months. Through the pursuit of this degree program, students will study the factors and trends that affect the modern real estate market, and then use this knowledge to prepare for careers as real estate brokers and developers.

Tuition: $38,190

Score: 96

#17. Pennsylvania State University

Master of Science in Real Estate Analysis & Development

University Park, Pennsylvania

Pennsylvania State University students can enroll in this Master of Science in Real Estate Analysis & Development degree. This master’s in real estate degree is offered to students entirely on campus. A total of 32 credit hours are needed to complete this program of study. Pennsylvania State University received accreditation for this degree program from the Middle States Commission on Higher Education. Students in this degree program can complete this program in just under a year. Some of the courses in this program include quantitative analysis for real estate, real estate institutions & market analysis, contemporary issues in real estate markets, and much more.

Tuition: $39,552

Score: 95.75

#18. University of Georgia

Master of Business Administration with a Concentration in Real Estate

Athens, Georgia

Students at the University of Georgia can enroll in this Master of Business Administration with a concentration in Real Estate degree. This master’s in real estate degree is offered exclusively on campus. The University of Georgia created this program to teach students the skills and concepts needed to understand and succeed in the real estate market. Students will learn about topics including site selection, cash flow analysis, mortgage financing, negotiations, and more. A total of 30 credit hours are needed to complete this degree. The University of Georgia has received accreditation for this program from the Southern Association of Colleges and Schools Commission on Colleges.

Tuition: $41,200

Score: 95.5

#19. Georgia State University

Online Master of Science in Commercial Real Estate

Atlanta, Georgia

Georgia State University offers students this Master of Science in Commercial Real Estate degree. This program of study is designed for both online and on-campus enrollment. A total of 30 credit hours are needed to complete this degree program. This program can be completed in a total of three semesters, or twelve months. Georgia State University has received accreditation for this program of study from the Southern Association of Colleges and Schools Commission on Colleges. Some of the courses offered in this program include entrepreneurship, foundations, investments, financing, development, and much more.

Tuition: $43,500

Score: 95.25

#20. Texas A&M University

Master of Real Estate

College Station, Texas

This Master of  Real Estate degree is made available to students by Texas A&M University. Offered on-campus, students will work through a curriculum designed to provide students with the expertise needed for commercial real estate. They will cover topics in economics, real estate law, market analysis, negotiations, and much more. A total of 36 credit hours are needed to complete this degree program. Courses in this program of study include corporate real estate, commercial brokerage, real estate development, and more. This program is designed so it can be completed in 16 months.

Tuition: $46,152

Score: 95

#21. Clemson University

Master of Real Estate Development

Greenville, South Carolina

Students at Clemson University can enroll in this Master of Real Estate Development degree. This program of study is offered exclusively on-campus. This degree requires a total of 56 credits to complete. Students can be exempt from 15 of those credits after the completion of an interview. This program can be completed in either twelve or eighteen months. Clemson University has received accreditation for this degree from the Southern Association of Colleges and Schools Commission on Colleges. Courses in this program of study include law for real estate professionals, real estate principles, place making for the built environment, and more.

Tuition: $46,648

Score: 94.75

#22. Georgetown University

Online Master in Real Estate

Washington, DC

Georgetown University offers this Online Master in Real Estate degree to its students. This program of study can be completed entirely online and does not require any visits to the Georgetown University campus. Georgetown University expects that students will be able to complete this program in under 18 months. A total of 33 credit hours are needed to be completed across 11 courses. The Middle States Commission on Higher Education has provided accreditation to Georgetown University for this master’s in real estate degree. Those who have completed this degree program have gone on to have careers as real estate developers, investment fund managers, community developers, construction project managers, and more.

Tuition: $47,553

Score: 94.5

#23. Fordham University

Master of Science in Real Estate

Bronx, New York

This Master of Science in Real Estate degree is offered by Fordham University. This degree program has been accredited by the Higher Learning Commission. Students in this degree program can enroll in this program either full-time or part-time. This degree is offered only on-campus. A total of 36 credit hours are needed to complete this program of study. Students can expect to complete this degree program in as little as one year, if pursued full-time. Fordham University offers a comprehensive credit-transfer program that allows students to lower the number of credits needed to complete this degree program.

Tuition: $49,860

Score: 94.25

#24. University of San Diego

Master of Science in Real Estate

San Diego, California

Students enrolled at the University of San Diego can enroll in this Master of Science in Real Estate degree. This program of study is offered on-campus only. The University of San Diego has designed this program so it can be completed in just ten months, making it one of the fastest programs on the list. The University of San Diego has received accreditation for this degree from the Western Association of Schools and colleges. A total of 32 credits are needed to complete this program. Some of the courses included in this program are the real estate process, negotiations, real estate development, real estate market analysis, and more.

Tuition: $50,080

Score: 94

#25. University of Washington

Master of Science in Real Estate

Seattle, Washington

The University of Washington offers this Master of Science in Real Estate degree to its students on-campus. A total of 60 credits are needed to complete this program of study. The Northwest Commission on Colleges and Universities has provided the University of Washington with accreditation for this program of study. Students can expect to complete this degree in under two years. Topics in this program include market analysis, real estate development, real estate law, and more. This program of study is a great option for students who want to expand their knowledge of real estate and real estate development to pursue a career in real estate.

Tuition: $50,260

Score: 93.75

#26. University of Wisconsin

Master of Science in Global Real Estate

Madison, Wisconsin

Students at University of Wisconsin can enroll in the school’s Master of Science in Global Real Estate degree. This program of study is offered to students exclusively on-campus. This degree is designed for new students as well as working professionals who want to accelerate their real estate careers. A total of 30 credit hours are needed to complete this program of study. Courses in this degree include real estate & urban economics, real estate capital markets, real estate finance, commercial real estate development, and more. The University of Wisconsin has received accreditation for this program from the Higher Learning Commission.

Tuition: $51,052

Score: 93.5

#27. Pratt University

Master of Science in Real Estate Practice

Brooklyn, New York

Pratt University students can choose to enroll in this Master of Science in Real Estate Practice degree. This program is offered to students on campus. A total of 30 credit hours are needed to complete this degree program. Some of the courses offered in this master of real estate degree include real estate law, real estate investment, real estate finance, and more. Those who complete this degree will be prepared for careers as developers, real estate brokers, property managers, and much more. Pratt University has received accreditation for this program from the Middle States Commission on Higher Education.

Tuition: $55,410

Score: 93.25

#28. Cornell University

Master of Professional Studies – Real Estate

Ithaca, New York

This Master of Professional Studies – Real Estate degree is offered by Cornell University. A total of 62 credit hours are required to complete this degree. Cornell University offers this degree exclusively on-campus, and not online. Students can expect to be able to complete this degree in under two years. Cornell University has received accreditation for this program from the Middle States Commission on Higher Education. Topics covered in this degree include real estate finance, real estate investments, managerial finance, real estate marketing and management, and much more.

Tuition: $56,550

Score: 93

#29. Auburn University

Master of Real Estate Development

Auburn, Alabama

Auburn University students can enroll in this Master of Real Estate Development degree. This program of study is designed to provide students with an understanding of key concepts and topics in real estate including finance, architecture, planning, construction, market analysis, and more. A total of 39 credit hours are needed to complete this degree program. Auburn University has received accreditation for this program from the Southern Association of Colleges and Schools Commission on Colleges. Courses in this program include real estate investment analysis, real estate project management, real property analysis, real estate development law, and more. This degree can be completed in under two years.

Tuition: $58,500

Score: 92.75

#30. University of Southern California

Master of Business Administration in Real Estate

Los Angeles, California

Students can choose to enroll in the University of Southern California’s Master of Business Administration in Real Estate degree. This program of study is offered to students exclusively on campus. The University of Southern California has designed this program to help new students and current working professionals learn the skills needed to succeed in the real estate market. This degree program is designed to be able to be completed in under two years of study. A total of 30 credit hours are needed to earn this degree. Through the pursuit of this degree, students will study a variety of topics related to real estate including market evaluation, cost analysis, construction planning, and much more.

Tuition: $59,850

Score: 92.5

#31. University of Virginia

Master of Business Administration – Real Estate

Charlottesville, Virginia

The University of Virginia offers students this Master of Business Administration – Real Estate degree on campus. This master of real estate has been designed to provide students with an understanding of the various disciplines needed to succeed in the world of real estate. Those who complete this degree will be prepared for careers as real estate developers, property managers, real estate investors, and more. The University of Virginia has received accreditation for this degree from the Southern Association of Colleges and Schools Commission on Colleges. A total of 30 credit hours are required to complete this degree.

Tuition: $68,754

Score: 94.5

#32. University of Denver

Master of Science in Real Estate and the Built Environment

Denver, Colorado

This Master of Science in Real Estate and the Built Environment degree is made available by the University of Denver. The University of Denver estimates that students will be able to complete this degree in a little over 12 months if taken full-time. The Higher Learning Commission has provided the University of Denver with accreditation for this program of study. A total of 36 credits are needed to complete this program of study. This degree is also offered in a part-time format. Concentrations offered in this program include property development, real estate, construction management, integrated product delivery, and much more. Seven different certifications are also offered with this degree.

Tuition: $70,128

Score: 94.25

#33. Johns Hopkins University

Master of Science in Real Estate and Infrastructure

Washington, DC

Students enrolled at Johns Hopkins University offers this Master of Science in Real Estate and Infrastructure to its students exclusively on-campus. Through the pursuit of this degree program, students will deepen their understanding of the skills needed to succeed in the real estate profession. Courses in this program of study include strategic commercial leasing, real estate legal environment, real estate market feasibility study, and much more. Students can expect to complete this degree in under two years. Johns Hopkins University has received accreditation for this degree from the Middle States Commission on Higher Education.

Tuition: $74,500

Score: 94

#34. Columbia University

Master of Science in Real Estate Development

New York, New York

Columbia University offers this Master of Science in Real Estate Development degree to its students on campus. This program of study is designed to teach students the skills needed to succeed in the real estate industry, specifically in the urban real estate industry. Students will learn about the various cross-disciplinary skills needed for real estate. A total of 33 credit hours are needed to complete this program of study. The Middle States Commission on Higher Education has provided Columbia University with accreditation for this program of study. Students can expect to be able to complete this degree program in under two years.

Tuition: $74,778

Score: 93.75

#35. New York University

Master of Science in Real Estate

New York, New York

Students at New York University can enroll in this Master of Science in Real Estate degree. A total of 42 credit hours are needed to complete this program of study. This master of real estate degree is offered exclusively on campus at New York University. Students are able to pursue this degree either full or part-time. New York University estimates that students will be able to complete this degree in about 18 months. Courses in this program of study include real estate valuation & feasibility analysis, the development process, principles of real estate accounting & taxation, and more. Those who have completed this degree have gone on to have careers in real estate development and real estate investment.

Tuition: $75,390

Score: 93.5

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This concludes our ranking of the top master’s in real estate programs for 2021.

NPCO Staff
October 2020