University Park is a medium-sized city located in the state of Texas. With a population of 25,278 people and five constituent neighborhoods, University Park is the 124th largest community in Texas. University Park has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in University Park, where the median household income is $247,716.00.
University Park home prices are not only among the most expensive in Texas, but University Park real estate also consistently ranks among the most expensive in America.
University Park is a decidedly white-collar city, with fully 97.95% of the workforce employed in white-collar jobs, well above the national average. Overall, University Park is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in University Park who work in management occupations (26.56%), sales jobs (12.03%), and business and financial occupations (11.52%).
Also of interest is that University Park has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 14.36% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
University Park is also a college town, where lots of students live while attending area colleges. Because of the high percentage of people living in University Park enrolled in college, University Park has a number of services, amenities and opportunities geared towards the needs and activities of students.
Because of many things, University Park is a great place for families with children to consider. First of all, many other families with children live here, making University Park a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, University Park has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, University Park’s overall crime rate is lower than average for the country.
If knowledge is power, University Park is a pretty powerful place. 88.75% of the adults in University Park have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in University Park in 2018 was $102,707, which is wealthy relative to Texas and the nation. This equates to an annual income of $410,828 for a family of four.
University Park is a somewhat ethnically-diverse city. The people who call University Park home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of University Park residents report their race to be White, followed by Asian. Important ancestries of people in University Park include English, German, Irish, Italian, and French.
The most common language spoken in University Park is English. Other important languages spoken here include Spanish and Chinese.