Living in University Park, Maryland
Cost of living, income, home prices, rent and demographics of University Park · Census data 2020–2024
University Park has 2,698 residents with a median age of 48.4. The median household income is $207,500 (100% higher than the Maryland median), the median home value is $635,100, the median rent is $3,200/month.
University Park at a glance
- Population
- 2,698
- Median age
- 48.4State: 39.4
- Median household income
- $207,500State: $103,678
- Median home value
- $635,100State: $419,900
- Median rent
- $3,200/moState: $1,705
- Homeowners
- 97%
- Bachelor's degree or higher
- 73.9%
- Average commute
- 32 min
Is University Park a good place to live?
Pros: Median household income 100% higher than the Maryland median; unemployment of 4.5%; a poverty rate of 2.1%.
Cons: Home values 51% higher than the state median; an average commute of 32 minutes.
The weather is best in May–June and September–October.
Cost of living in University Park
Housing is the biggest part of the cost of living. In University Park the median home value is $635,100, 91% higher than the U.S. median. Renters pay a median of $3,200 per month, which is 26.8% of household income. Homeowners with a mortgage pay $3,301 a month in housing costs.
University Park median household income
The median household income in University Park is $207,500 and the income per person is $93,793. 2.1% of residents live below the poverty line (Maryland: 9.4%).
Housing in University Park: homes for sale and rent
- Housing units
- 1,049
- Owner-occupied
- 97%
- Renter-occupied
- 3%
- Vacant
- 4.5%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.68
University Park demographics
- Population
- 2,698
- Median age
- 48.4
- Under 18
- 17.8%
- 65 and older
- 22%
- Households
- 1,002
- Foreign-born
- 11.7%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of University Park ›
Education in University Park
73.9% of adults 25 and older in University Park have a bachelor's degree or higher (Maryland: 43.4%), and 47.6% have a graduate or professional degree.
Jobs and commute in University Park
- Unemployment rate
- 4.5%State: 4.9%
- Average commute
- 32 minState: 31 min
- Work from home
- 41.1%
- Drive alone
- 39%
- Public transit
- 9.3%
- Walk to work
- 4.5%
- Homes with broadband
- 99.6%
University Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| University Park | 2,698 | $207,500 | $635,100 | $3,200 |
| Hyattsville | 20,966 | $91,941 | $481,500 | $1,835 |
| Riverdale Park | 7,270 | $120,043 | $475,800 | $1,679 |
| Edmonston | 1,307 | $78,333 | $404,600 | $1,703 |
| College Park | 34,540 | $69,721 | $437,900 | $1,912 |
| Chillum | 34,871 | $79,864 | $393,600 | $1,735 |
| North Brentwood | 624 | $98,462 | $416,700 | $2,107 |
| East Riverdale | 18,336 | $81,831 | $361,400 | $1,716 |
| Brentwood | 3,777 | $69,572 | $412,500 | $1,600 |
More for people moving to University Park
University Park ZIP code ›Weather and climate ›Living in University Park: FAQ
What is the median household income in University Park, MD?
The median household income in University Park is $207,500, 100% higher than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in University Park?
The median home value in University Park is $635,100, compared with $419,900 in Maryland.
How much is rent in University Park?
The median gross rent in University Park is $3,200 per month, about 26.8% of household income.
Is University Park, MD a good place to live?
Pluses: median household income 100% higher than the Maryland median; unemployment of 4.5%; a poverty rate of 2.1%. Minuses: home values 51% higher than the state median; an average commute of 32 minutes.
What is the median age in University Park?
The median age in University Park is 48.4 years (Maryland: 39.4).
How long is the commute in University Park?
The average commute to work in University Park is 32 minutes; 41.1% of workers work from home.
What is the unemployment rate in University Park?
The unemployment rate in University Park is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is University Park?
73.9% of adults in University Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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