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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



University Park, TX Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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, TX Housing Market Trends

With a population of 25,032, 7,360 total housing units (homes and apartments), and a median house value of $2,194,380, 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 73.82% of University Park's homes, and 61.05% 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. 34.12% 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 ( 31.04%), and before 1939 ( 18.19%). There's also some housing in University Park built between 1940-1969 ( 16.64%).

University Park Home Appreciation Rates

Appreciation rates for homes in University Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 81.92%, which ranks in the top 50% nationwide. This equates to an annual average University Park house appreciation rate of 6.17%.

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 1.07%, 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 -0.34%, which equates to an annual appreciation rate of -1.36%.

Relative to Texas, our data show that University Park's latest annual appreciation rate is lower than 90% 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

$2,194,380

University Park, TX Home Prices
> $1,292,000
$968,001 - $1,292,000
$645,001 - $968,000
$517,001 - $645,000
$387,001 - $517,000
$258,001 - $387,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
83.2%
83.2%
7.1%
7.1%
6.0%
6.0%
0.8%
0.8%
0.8%
0.8%
0.4%
0.4%
1.1%
1.1%
0.4%
0.4%
0.2%
0.2%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

7,360

University Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,998 / per month

Homeownership Rate

Owners
Renters
73.8%
73.8%
26.2%
26.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.6%
5.6%
94.4%
94.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
34.1%
34.1%
31.0%
31.0%
16.6%
16.6%
18.2%
18.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.1%
76.1%
9.3%
9.3%
7.9%
7.9%
6.6%
6.6%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
2.2%
2.2%
13.6%
13.6%
24.0%
24.0%
37.1%
37.1%
22.8%
22.8%
0% 100.0%
% of Homes