salaryRent here is among the highest 10% in the country. Household incomes are higher than in 99% of U.S. cities. A typical house costs about 7.4 years of household income, so buying is hard for most locals. Commutes are short, about 17.3 minutes. Most homes (83.2%) are owned, so rentals can be hard to find. It is a highly educated city: 90.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $138,720 a year. That is $67 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 420 of 426 cities from cheapest to most expensive.
How much do households earn in University Park?
Share of households by yearly income. 73.2% of households earn $100,000 or more.
Rent by apartment size in University Park
| Size | University Park | U.S. average |
|---|---|---|
| 1 bedroom | $1,430 | $1,324 |
| 2 bedrooms | $2,825 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is University Park overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for University Park, so the Texas figure is shown.
Taxes and bills in University Park
Life in University Park
Is it cheaper to rent or buy in University Park?
Renting is cheaper right now: about $9,450 a month less.
Owning assumes a typical $1,861,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $186,180 for the down payment.
Frequently asked questions
What is the average rent in University Park, TX?
Renting in University Park costs a median of about $3,468 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in University Park?
To keep rent under 30% of income, you need about $138,720 a year, or $67 an hour at a full-time job.
Is University Park cheap or expensive?
University Park is rated Cheap: rent takes 16.6% of the typical household income of $250,000+. It ranks 420th cheapest of 426 Texas cities we track.
How much are property taxes in University Park?
The median homeowner in University Park pays $10,000+ a year in property taxes, about 0.54% of the median home value.
Is University Park more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in University Park?
The median home value in University Park is $1,861,800, about 7.4 times the typical yearly household income.
25,155 people live in University Park. Numbers are typical (middle) values.