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College location / town

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My D and I looked at a college that seems like it would be a perfect fit.......if we could pick it up and move it to another town! The area surrounding campus just seemed run down and not particularly safe. I am not wealthy, but I live in a fairly affluent suburban area. So, honestly, I wonder if maybe my perception is just skewed. How important is the location / town in choosing a school if everything else (price, program, dorms, size, etc) is exactly what you are looking for in a school? How much do you / did you "investigate" the surrounding area of campus when selecting schools? How exactly did you go about researching and gathering info? If the surrounding area is "iffy", is it a deal breaker?

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