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Affordable
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These days, finding an affordable place to live in the University Park area can be challenging. Home prices in University Park are now at a median cost of $149,359, lower than the Iowa average of $226,062.
The average cost of rent is $899/mo in University Park, primarily driven by the current value of real estate in the University Park area. In University Park, 31.79% of households rent, and 52.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in University Park is $6,365 per month. Households that rent pay about 14.12% of their income on rent here. University Park’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oskaloosa, IA: equally priced homes
- Keomah Village, IA: higher priced homes
- Beacon, IA: less expensive homes
- Wright, IA: equally priced homes
- Cedar, IA: higher priced homes
- Rose Hill, IA: higher priced homes
- Eddyville, IA: less expensive homes
- Leighton, IA: higher priced homes
- Fremont, IA: less expensive homes
- Indianapolis, IA: higher priced homes
Cities with Similar Populations
- Orleans, IA: higher priced homes
- Richland, NY: less expensive homes
- Richland, KS: higher priced homes
- Rich Hill, OH: higher priced homes
- Rennerdale, PA: higher priced homes
- Peoa, UT: higher priced homes
- Paint Rock, TN: higher priced homes
- Oxford, NE: less expensive homes
- Owendale, MI: equally priced homes
- Rock View, WV: less expensive homes
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