University Park, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating University Park Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

University Park Housing Market Information

With 24,759 people, 7,264 houses or apartments, and a median cost of homes of $1,371,902, 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 68.84% of University Park's homes, and 61.14% have either three or four bedrooms, which is average sized relative to America.

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 ( 27.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.03%). There's also some housing in University Park built before 1939 ( 20.59%).

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 48.22% over the last ten years, which is an average annual home appreciation rate of 4.01%, 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 8.02%, which is higher than appreciation rates in 86.81% 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 2.35%, which equates to an annual appreciation rate of 9.75%.

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

Relative to Texas, our data show that University Park's latest annual appreciation rate is higher than 70% 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

 

Median Home Value:
$1,371,902

University Park, TX HOME PRICES

Value Range
> $1,305,000 53.3
$978,001 - $1,305,000 18.0
$652,001 - $978,000 17.2
$522,001 - $652,000 2.8
$392,001 - $522,000 1.6
$261,001 - $392,000 3.0
$130,001 - $261,000 2.7
$65,001 - $130,000 0.7
$0 - $65,000 0.8

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
0.539083557951483 0.486381322957198

Number Of Homes And Apartments:
7,264

University Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
137.28% 5.14% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,467 / per month

Homeownership Rate

Homeownership
Owners 68.84
Renters 31.16
Vacant 7.44

Housing Market Details

 

Age of Homes

AGE OF University Park HOMES
2000 or Newer 22.0
1970 - 1999 30.2
1940 - 1969 27.2
1939 or Older 20.6

Types of Homes

TYPE OF University Park HOMES
Single-Family 70.8
Townhomes 12.8
Small Apt. Buildings 9.0
Apt. Complexes 7.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF University Park HOMES
No Bedroom 0.85
1 Bedroom 5.68
2 Bedrooms 14.50
3 Bedrooms 23.45
4 Bedrooms 37.69
5 or more bedrooms 17.83