Most upperclassmen prefer to live off campus. All of the traditional college houses are old Victorians that have been thoroughly lived in but poorly kept. Be warned, however: Anyone residing in one of these is expected to throw good parties. However, with the housing policy continuing to change, that means that off-campus housing is not as possible as it used to be. Students are expected to live on campus for three years.
Once you're a senior, renting an apartment off campus is another option in addition to campus houses. There are apartments above the stores on Main Street and a development that feels a lot like a dorm. There are also condominium-like structures about a mile off campus. All of these options are a bit more expensive, but certainly newer and less likely to collapse. No matter where you choose to live in Alfred, the good news is that it's all very affordable and very close.