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 a population of 19,808, 7,364 total housing units (homes and apartments), and a median house value of $269,875, Universal City real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Universal City, accounting for 65.12% of the city's housing units. Other types of housing that are prevalent in Universal City include large apartment complexes or high rise apartments ( 25.34%), duplexes, homes converted to apartments or other small apartment buildings ( 7.51%).
The most prevalent building size and type in Universal City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.62% owning and 44.38% renting.
There is a lot of housing in Universal City 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 Universal City built between 2000 and later ( 26.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.26%).
In the last 10 years, Universal City has experienced some of the highest home appreciation rates of any community in the nation. Universal City real estate appreciated 110.23% over the last ten years, which is an average annual home appreciation rate of 7.71%, putting Universal City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Universal City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Universal City's appreciation rate, at 8.75%, has been at or slightly above the national average. In the latest quarter, Universal City's appreciation rate has been 0.20%, which annualizes to a rate of 0.78%.
Relative to Texas, our data show that Universal City's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Universal City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Universal City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Universal City real estate investment or home purchase decisions.
$1,911 / per month