Off-campus housing is better than in most towns. The rent is cheap, especially if you get a few friends to go in with you to defray expenses. Also, the houses are almost all Victorian style. Having an older home can raise problems in the sense that things break often, and the houses are not built to current standards.
The home owners in the surrounding area around the school know that students move in and move out each year, so there are plenty of homes for rent and at prices students can afford. Also, there is a neighborhood right across the street from the school. If you’re not interested in a house, there are plenty of apartments in the city that house off-campus students, and the rent isn’t unreasonable, either. Plus, there are always move-in deals at the start of the semester.