I live in a college town so some of my neighbors are students. So far, it hasn't been bad. We've had the hockey team next door, the football team across the street, and a sorority also across the street; all of these had 6 residents it them. The sorority was my daughter's house (although she didn't live there) so they were pretty respectful. The teams? I was really worried, but they were OK. Both would warn us of big parties, and have their "guests" gone by midnight. Nice thing about the teams; if they get out of hand, you don't call the cops, you call the coach. MUCH bigger fear factor!
Right now, it's pretty residential on our side of the street; the two houses on either side of us have families in them and own the properties. We are all pretty friendly; chat when we see each other, sometimes share drinks or a cookout, watch over properties when we're on vacation, share pet feeding, etc. There is an older couple on the other side of the street, 2 houses down, who also is part of the "neighborhood." Currently the three houses directly across the street have students in residence, but it's the beginning of the semester so we haven't met any of them yet. In general, the students seem to be friendly and responsible, but part of that is because the rental properties owners made a point of meeting the neighbors and giving us contact info if things get out of hand. So far, we've only had a couple of issues (although one involved strange cars stopping on the street at all hours of the day and night, with a resident running out and handing off something to the people in the cars- the cops handled that one!). I like the neighborhood, we are within 5 minutes walk of downtown, and we're not looking to move anytime soon.