University Park, TX Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

University Park Housing Market Information

With 24,985 people, 7,751 houses or apartments, and a median cost of homes of $1,441,831, University Park house prices are not only among the most expensive in Texas, University Park real estate also is some of the most expensive in all of America.

University Park is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in University Park than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in University Park. Owner-occupied housing accounts for 71.69% of University Park's homes, and 61.73% have either three or four bedrooms, which is average sized relative to America.

University Park homes and real estate are some of the newest in America. 28.46% of University Park's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the University Park real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.41%), and between 1940-1969 ( 24.58%). There's also some housing in University Park built before 1939 ( 18.55%).

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 52.53% over the last ten years, which is an average annual home appreciation rate of 4.31%, putting University Park in the top 20% 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.

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 3.64%, 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 1.18%, which equates to an annual appreciation rate of 4.79%.

Relative to Texas, our data show that University Park'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 University Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in University Park - 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 University Park real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$1,441,831

University Park, TX HOME PRICES

> $1,144,000
67.8%
67.8%
$858,001 - $1,144,000
13.4%
13.4%
$572,001 - $858,000
9.4%
9.4%
$457,001 - $572,000
2.8%
2.8%
$343,001 - $457,000
1.1%
1.1%
$229,001 - $343,000
2.4%
2.4%
$114,001 - $229,000
1.0%
1.0%
$57,001 - $114,000
1.1%
1.1%
$0 - $57,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
7,751

University Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
146.10% 4.44%
9
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$3,393 / per month

Homeownership Rate

Owners
71.7%
71.7%
Renters
28.3%
28.3%
Vacant
8.8%
8.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
28.5%
28.5%
1970 - 1999
28.4%
28.4%
1940 - 1969
24.6%
24.6%
1939 or Older
18.5%
18.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.5%
71.5%
Townhomes
11.6%
11.6%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
7.7%
7.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
4.8%
4.8%
2 Bedrooms
14.4%
14.4%
3 Bedrooms
22.8%
22.8%
4 Bedrooms
38.9%
38.9%
5 or more bedrooms
18.1%
18.1%
0.0% 100.0%
% OF HOMES