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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,020, 2,634 total housing units (homes and apartments), and a median house value of $188,155, house prices in University Park are solidly below the national average.
Single-family detached homes are the single most common housing type in University Park, accounting for 43.47% of the village's housing units. Other types of housing that are prevalent in University Park include row houses and other attached homes ( 23.89%), duplexes, homes converted to apartments or other small apartment buildings ( 14.00%), and a few large apartment complexes or high rise apartments ( 13.93%).
The most prevalent building size and type in University Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.14% owning and 35.86% renting.
There is a lot of housing in University Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in University Park built between 1940-1969 ( 16.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.93%). There's also some housing in University Park built before 1939 ( 1.96%).
University Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in University Park during the period has been just 4.57%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, University Park's appreciation rate, at 8.38%, has been at or slightly above the national average. In the latest quarter, University Park's appreciation rate has been -1.77%, which annualizes to a rate of -6.90%.
Notably, University Park's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Illinois, our data show that University Park's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.
$188,155
for Illinois
for nation
2,634
$2,071 / per month