Analysis
Ball State's real estate program shows first-year earnings of $58,575—solidly above the national median of $54,665 for bachelor's-level real estate programs and landing in the 64th percentile nationally. The debt picture looks manageable based on comparable programs at Ball State: an estimated $21,353 translates to a debt-to-earnings ratio of 0.36, meaning graduates would owe roughly four months of their first-year salary. That's a workable starting point for most families.
The caveat here is that the debt figure is estimated from similar programs at Ball State rather than reported outcomes for real estate graduates specifically. While the earnings data is actual—placing Ball State graduates near the top quartile nationally—the debt estimate could vary for individual students depending on financial aid packages and time to degree. Real estate programs tend to produce consistent early-career earnings, and Ball State's outcomes suggest their graduates enter the field competitively positioned.
For families evaluating this program, the key question is whether your student is committed to real estate specifically. The earnings justify the investment if that's the clear career path, but real estate is a performance-driven field where success varies widely beyond the first year. The relatively low debt burden means graduates have breathing room to build their careers without crushing loan payments, which matters in a commission-heavy profession.
Where Ball State University Stands
Earnings vs. debt across all real estate bachelors's programs nationally
Earnings Distribution
How Ball State University graduates compare to all programs nationally
Compare to Similar Programs Nationally
Real Estate bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $10,758 | $58,575 | — | $21,353* | — | |
| $68,237 | $98,763 | — | $19,500* | 0.20 | |
| $64,701 | $75,702 | $101,813 | $27,000* | 0.36 | |
| $60,438 | $74,912 | — | $20,500* | 0.27 | |
| $11,205 | $73,239 | $100,995 | $20,500* | 0.28 | |
| $12,859 | $72,769 | $72,701 | $19,000* | 0.26 | |
| National Median | — | $54,665 | — | $21,126* | 0.39 |
Career Paths
Occupations commonly associated with real estate graduates
Property, Real Estate, and Community Association Managers
Real Estate Brokers
Real Estate Sales Agents
Appraisers of Personal and Business Property
Appraisers and Assessors of Real Estate
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Ball State University, approximately 34% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 19 graduates with reported earnings and 17 graduates with debt data. Small samples may not be representative.