University Park's October First-Time Homebuyer Report

University Park is a small city in Texas with a median income of $110,253 per household. Besides being very affluent, its population is much older than others with a median age of 29 years. The University Park market is mostly made up of detached houses, which currently account for 60% of the homes for sale in the area. Leading the list of best schools in the city are Hyer Elementary School, Highland Park Middle School, and Highland Park High School.

Culture

If you're looking to explore the landscape of University Park, then check out Caruth Park and Curtis Park, Foursquare's most popular places for outdoor activities. If you like the arts and entertainment, a popular spot is Meadows Museum. Lastly, Bubba's Cooks Country, Kuby's Sausage House, and Bandito's Tex Mex Cantina are well-known places to eat.

Price Range

Some of the more expensive homes in Texas are in University Park with a median home value of $718,100 and an average list price for available homes currently at $1,418,560. In this week's report, the number of homes sold in the University Park market dropped to 10 over the past 30 days, a decrease of 16.7% from last week's report.

Make sure you take a look at these eye-catching homes in University Park that generated the most views from potential buyers:

$18.5M   $755K   $2.9M  

Typical Dwelling

A four-bedroom detached home valued around $1,540,093 is considered a typical dwelling in University Park. If a buyer was looking for a similar home, they would need good credit and a $308,019 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $8,286 and the property tax rate is $17.84 per $1,000 of taxable assessed value.

Get started right now by checking out University Park homes for sale or reviewing University Park real estate trends.


Data reported through 10/13/2016

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