Living in University Park, Texas
Cost of living, income, home prices, rent and demographics of University Park · Census data 2020–2024
University Park has 25,155 residents with a median age of 29.4. The median household income is $250,001 (219% higher than the Texas median), the median home value is $1,861,800, the median rent is $3,272/month.
University Park at a glance
- Population
- 25,155
- Median age
- 29.4State: 35.6
- Median household income
- $250,001State: $78,476
- Median home value
- $1,861,800State: $283,800
- Median rent
- $3,272/moState: $1,403
- Homeowners
- 83.2%
- Bachelor's degree or higher
- 90.8%
- Average commute
- 17 min
Is University Park a good place to live?
Pros: Median household income 219% higher than the Texas median; an average commute of 17 minutes; unemployment of 3.6%; a poverty rate of 4.7%.
Cons: Home values 556% higher than the state median.
The weather is best in March–April and October–November.
Cost of living in University Park
Housing is the biggest part of the cost of living. In University Park the median home value is $1,861,800, 460% higher than the U.S. median. Renters pay a median of $3,272 per month, which is 29.4% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
University Park median household income
The median household income in University Park is $250,001 and the income per person is $113,291. 4.7% of residents live below the poverty line (Texas: 13.8%).
Housing in University Park: homes for sale and rent
- Housing units
- 7,444
- Owner-occupied
- 83.2%
- Renter-occupied
- 16.8%
- Vacant
- 6.4%Includes seasonal homes
- Median year built
- 1990
- Average household size
- 3.12
University Park demographics
- Population
- 25,155
- Median age
- 29.4
- Under 18
- 28.9%
- 65 and older
- 8.6%
- Households
- 6,964
- Foreign-born
- 7.3%
- Veterans
- 2%Adults 18+
Hispanic or Latino can be of any race. Population history of University Park ›
Education in University Park
90.8% of adults 25 and older in University Park have a bachelor's degree or higher (Texas: 33.8%), and 44% have a graduate or professional degree.
Jobs and commute in University Park
- Unemployment rate
- 3.6%State: 5.3%
- Average commute
- 17 minState: 27 min
- Work from home
- 22.7%
- Drive alone
- 64.1%
- Public transit
- 0.4%
- Walk to work
- 7.7%
- Homes with broadband
- 99.1%
University Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| University Park | 25,155 | $250,001 | $1,861,800 | $3,272 |
| Highland Park | 8,773 | $250,001 | $1,989,900 | $1,940 |
| Dallas | 1,307,930 | $70,518 | $320,700 | $1,472 |
| Farmers Branch | 36,645 | $91,186 | $364,600 | $1,864 |
| Addison | 17,290 | $73,854 | $482,000 | $1,784 |
| Cockrell Hill | 3,703 | $52,292 | $189,800 | $1,112 |
| Richardson | 118,731 | $98,111 | $431,400 | $1,857 |
| Irving | 256,492 | $81,830 | $315,600 | $1,619 |
| Garland | 246,844 | $76,320 | $270,800 | $1,641 |
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, TX?
The median household income in University Park is $250,001, 219% higher than the Texas median of $78,476 (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 $1,861,800, compared with $283,800 in Texas.
How much is rent in University Park?
The median gross rent in University Park is $3,272 per month, about 29.4% of household income.
Is University Park, TX a good place to live?
Pluses: median household income 219% higher than the Texas median; an average commute of 17 minutes; unemployment of 3.6%; a poverty rate of 4.7%. Minuses: home values 556% higher than the state median.
What is the median age in University Park?
The median age in University Park is 29.4 years (Texas: 35.6).
How long is the commute in University Park?
The average commute to work in University Park is 17 minutes; 22.7% of workers work from home.
What is the unemployment rate in University Park?
The unemployment rate in University Park is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is University Park?
90.8% 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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