Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,020 people, 2,634 houses or apartments, and a median cost of homes of $188,786, house prices in University Park are solidly below the national average.
Single-family detached homes are the single most common housing type in University Park, accounting for 43.47% of the village's housing units. Other types of housing that are prevalent in University Park include row houses and other attached homes ( 23.89%), duplexes, homes converted to apartments or other small apartment buildings ( 14.00%), and a few large apartment complexes or high rise apartments ( 13.93%).
The most prevalent building size and type in University Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.14% owning and 35.86% renting.
There is a lot of housing in University Park built from 1970 to 1999 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 between 1940-1969 ( 16.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.93%). There's also some housing in University Park built before 1939 ( 1.96%).
University Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in University Park during the period has been just 4.15%, which is lower than 80% of US communities.
Over the last year, University Park appreciation rates have trailed the rest of the nation. In the last twelve months, University Park's appreciation rate has been 4.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in University Park were at 0.21%, which equates to an annual appreciation rate of 0.85%.
Relative to Illinois, our data show that University Park's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.
$188,786
for Illinois
for nation
2,634
$2,034 / per month