University Park appreciation rates and housing market information

University Park housing market information

With 26,476 people, 9,053 houses or apartments, and a median cost of homes of $326,285, University Park house prices are not only among the most expensive in Florida, University Park real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in University Park, accounting for 52.09% of the town's housing units. Other types of housing that are prevalent in University Park include large apartment complexes or high rise apartments (30.61%), row houses and other attached homes (13.83%), duplexes, homes converted to apartments, or other small apartment buildings (2.05%), and a few mobile homes or trailers (1.25%).

People in University Park primarily live in small (one, two, or no bedroom) single-family detached homes. University Park has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in University Park built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in University Park built from 1940-1969 (22.83%). A lesser amount of the housing stock also hails from 1995 and later (2.14%), and some were built from 1939 and earlier (2.14%).

University Park home appreciation rates

In the last 10 years, University Park has experienced some of the highest home appreciation rates of any community in the nation. University Park real estate appreciated 224.03% over the last ten years, which is an average annual home appreciation rate of 22.40%, putting University Park in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, University Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in University Park that despite a nationwide downturn in the housing market, University Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, University Park appreciation rates continue to be some of the highest in America, at 4.44%, which is higher than appreciation rates in 87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in University Park. University Park appreciation rates in the latest quarter were at 4.64%, which equates to an annual appreciation rate of 18.56%.

Importantly, this makes University Park one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Florida, our data show that University Park's latest annual appreciation rate is higher than 99% of the other cities and towns in Florida.