Fraternities are groups of men and women who share common values and interests, such as academic achievement or professional goals. These groups form communities for like-minded individuals to form bonds. The price for a fraternity house varies on the location, size of the house and amenities. Some universities have rules in place to ensure the safety of their students, especially from dorm fires.
The largest, most expensive fraternity house is Sigma Alpha Epsilon at Texas A&M University with 11,000 sq. ft. it has a bowling alley and karaoke, as well as two tennis courts and a basketball court. Listed below are the ten biggest, most expensive fraternity houses on US campuses.
How much does a fraternity house cost to build
The biggest fraternity houses are located in Texas, California and Georgia.
The average cost of a house is $400,000.
The most expensive fraternity dues are $5,000 per semester. The price varies depending on the college and the school’s location. The cost of the house also depends on its size and location.
The largest fraternity house created by Texas A&M University is a two-story home with a total of 14 bedrooms, 17 bathrooms and 9,000 square feet of living area. The property was built in 2012 at a cost of $1 million dollars.
Top 10: Most Expensive Fraternity Dues
Most expensive fraternity dues are not all that uncommon. Some fraternities have been around for generations and have a strong alumni base that can help offset the costs of dues. The most expensive fraternity dues on our list include Sigma Alpha Mu at $9,800 per year, Sigma Chi at $8,200 per year and Theta Delta Chi at $7,500 per year.
Fraternity houses can be very expensive to build and maintain. Some of the more expensive fraternity houses are located in New York City or Los Angeles where land is more expensive than other parts of the country. Most fraternity houses on this list have large rooms for meetings and parties as well as dining areas for meals with other members. They also often have multiple bedrooms for each member so he does not have to share with another brother.
The 10 Most Expensive Fraternity Houses In America
1) Sigma Alpha Mu House – New York City: $12 million
2) Alpha Epsilon Pi House – New York City: $11 million
3) Sigma Chi House – Los Angeles: $10 million
4) Kappa Sigma Kappa Kappa Gamma House – New York City: $9 million (estimate)
The average cost to build a fraternity house is $1.5 million, according to the website Bid4Assets.com. The site lists the average cost of building a house at $1.7 million, but that includes all fraternities, including small ones on college campuses, and large ones like Sigma Alpha Epsilon’s headquarters in Evanston, Illinois.
The average size of a fraternity house ranges from 10,000 to 20,000 square feet, according to Bid4Assets.com. At Emory University in Atlanta, Georgia — where there are seven SAE houses — each house has an average of 13 bedrooms, 2 common rooms and 2 kitchens and dining rooms. They also have their own lounges and study rooms in addition to private bathrooms for each bedroom or suite of two or three bedrooms.
Most Expensive Fraternity Dues
At Emory University, SAE dues are $2,275 per semester (or $4,550 per year), according to its website. The fraternity owns its houses and leases them out to brothers through an alumni trust fund designed so that money can be spent on maintenance and repairs without having to worry about paying back loans if the property goes into foreclosure because of non
Fraternity life is a popular, longstanding tradition at many colleges and universities. Fraternities are typically exclusive clubs of male students who often live together in large houses or mansions.
Fraternity houses can be expensive to build and maintain, but they can also provide valuable investment opportunities for their members.
Here’s a look at the biggest fraternity houses and their costs.
The University of Pennsylvania’s fraternity row is considered one of the most impressive in the country. The university has more than 30 fraternities, each with its own chapter house.
Delta Sigma Phi’s chapter house on Locust Walk is considered one of the largest fraternity houses in the country — measuring more than 33,000 square feet and featuring two stories plus an attic level.
The fraternity built the house after raising $2 million from alumni donations over a 10-year period. Delta Sigma Phi has about 75 members who live in the house, which features three kitchens, two dining rooms and a basement gym complete with weightlifting equipment and cardio machines.
A fraternity house is a building or group of buildings which are used as residences for members of some fraternities. Many American colleges and universities have Greek letter organizations, with the most well-known being those associated with social fraternities and sororities. These organizations often build houses either independently or in cooperation with their school’s administration. Some schools have a separate Greek Row, while others have designated housing for fraternities and sororities.
Fraternity houses are often built in a collegiate gothic style architecture which is common to college campuses throughout the United States. The earliest known fraternity house was built in 1875 by Beta Theta Pi at Miami University in Oxford, Ohio.
In the 2000s there were about 100 fraternity houses on college campuses nationwide. Some of them are very large, costing over $1 million to build, although most cost between $200,000 and $500,000. A recent trend has been for them to be built near campus stadiums rather than on campus proper. They are sometimes called “frat row” or “frat row houses”. In 2015 the largest fraternity house was Phi Gamma Delta’s “The Castle” which had 60 bedrooms and cost $30 million to build.[
Fraternities are known for their lavish houses, but some are more expensive than others.
The most expensive fraternity dues include Sigma Nu and Kappa Sigma at the University of Virginia, which charge $12,000 per year.
UVA is also home to the most expensive fraternity house in America: Phi Kappa Psi, which charges $13,000 in rent a year.
The University of Michigan has the most expensive fraternity house on its campus: Sigma Alpha Mu’s house at 724 South State Street, which costs $3 million a year in rent.
Sigma Alpha Mu also has one of the most expensive houses in the country at Vanderbilt University — it charges $2 million in rent per year for its house at 1417 21st Avenue South.
The most expensive fraternity dues in the world are paid by members of the Sigma Alpha Epsilon fraternity at the University of Oklahoma. The fraternity’s annual fee is $970, more than any other fraternity in the country.
The SAE chapter at OU also has one of the largest houses on campus, with 24 bedrooms and a game room.
The second most expensive fraternity dues in the country are paid by members of Kappa Sigma at Lehigh University, who pay $950 per year to belong to this fraternity. The Kappas have a large house that includes a library and study area, as well as a swimming pool.
Phi Gamma Delta (FIJI) is another national fraternity with high fees for its members. FIJIs pay $945 per year at their University of California-Berkeley chapter. This chapter’s house has two floors and 12 bedrooms for its members.
The most expensive fraternity dues in the world are paid by members of the Zeta Beta Tau Fraternity, who pay $1 million to join this prestigious society. The fraternity was founded in 1898 at New York University and now has chapters at more than 80 colleges and universities across the country.
The fraternity’s mission statement reads: “We are a brotherhood built upon mutual respect and love for each other, our community, our university, and our future leaders. We live by the creed: “To Know Him Is To Love Him.” The ZBT motto is “Strive For The Best!”
The average fraternity dues are $325 per semester. Most fraternity houses cost between $60,000 and $150,000 to build.
The Sigma Alpha Epsilon house at the University of Arizona has seven stories and over 40,000 square feet of living space.
The Delta Gamma house at Colgate University features a spa area, media room and wine cellar.
The Phi Gamma Delta fraternity at Yale University owns two mansions next to each other on Prospect Street in New Haven, Connecticut. A third house was added in 2014 across the street from the other two houses. The three-house complex is nicknamed “The Palace.”
The Greek system has been around for centuries, and it’s definitely a tradition that lives on today. However, in the past few years, the cost of being in a fraternity or sorority has skyrocketed.
What does it cost to be in a Greek organization? In some cases, it can be thousands of dollars per semester!
Here’s a look at some of the most expensive fraternities and sororities in the United States:
Phi Gamma Delta (Fiji) – University of Maryland
The Phi Gamma Delta fraternity house at the University of Maryland is one of the most expensive fraternity houses on this list. The property is valued at $10 million and features six bedrooms, five full bathrooms and two half baths. The house also has a large kitchen and dining area as well as an outdoor patio area where students can relax while enjoying their time off from studying.