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University Park

Learn about the people, housing, costs and businesses in University Park, Texas

Median Home$1,694,277
Median Rent$3,112/month
Population25,150
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare7% education
Home Value Growth⬆⬆+11.6% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners83% of occupied units
NotableHighly Educated44% bachelor's · 23% graduate · top 1% nationally
NotableHigh Incomes$216k/year · top 1% nationally
University Park
TX

Frequently Asked Questions

What are today's mortgage rates in University Park?

As of today, the 30-year fixed mortgage rate for University Park is approximately 6.495% (6.504% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in University Park?

The median home value in University Park is $1.7M. The median monthly rent is $3,112. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in University Park?

Home values in University Park have increased 11.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in University Park?

Based on a typical all-in ownership cost of $3,860/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $165k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in University Park is $216k/year.

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What industries drive the economy in University Park?

The largest employment sectors in University Park are public administration (25%) and healthcare (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.