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University Park

University Park

$851,971 Average Value
$419 Average Price per Sq Ft
22 Homes For Sale

University Park is close to NC State

University Park is an established, residential corner of Raleigh that’s bordered by North Carolina State University and Meredith College. Although it's close to campus, it’s not a student-heavy area. Instead, it has a more relaxed atmosphere with a mix of preserved older homes and some new construction. Additionally, University Park is steps away from shopping and dining along Hillsborough Street and The Village District, and just 3 miles from downtown Raleigh.

Downtown Raleigh is 3 miles from University Park.
Downtown Raleigh is 3 miles from University Park.
NC State University borders University Park.
NC State University borders University Park.
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Cost of living in University Park

The median sale price for properties in University Park is in the mid-$800,000s, lower than neighboring communities like Sunset Hills but higher compared to Raleigh’s median sale price, which is in the mid-$400,000s. “It’s a bit of a higher price, but it’s such a desirable area. You’re so close to The Village District,” says Lisa Hayes, Realtor at Compass Real Estate.

What homebuyers in the neighborhood can expect

University Park features a mix of single-family homes, townhouses, condos and apartments. Home options range from renovated Cape Cods and bungalows from the early 20th century to modern builds from the 2020s. “They’re turning a lot of the older homes into multi-units, so there’s more opportunity. And of course, there’s new construction,” Hayes says. About two-thirds of people living in University Park are renters.

Condos can be found in University Park.
Condos can be found in University Park.
Modern homes are dotted throughout the University Park area.
Modern homes are dotted throughout the University Park area.
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Schools and universities near the community

North Carolina State University, a public institution with over 40,000 undergraduate and graduate students, is just south of the neighborhood. Meredith College, a private, all-women's college with an enrollment of about 1,600 students, borders University Park to the west.

Top-rated Wake County Public Schools such as Olds Elementary School and Martin Middle School serve the area. Broughton Magnet High School is nearby, a top-rated option that rising ninth graders in the county can apply to attend.

Olds Elementary School in University Park was named after Fred A. Olds, a prolific historian.
Olds Elementary School in University Park was named after Fred A. Olds, a prolific historian.
Broughton High School is about a mile from University Park.
Broughton High School is about a mile from University Park.
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Things to do in the University Park area

University Park is within walking distance of Hillsborough Street, a stretch of businesses and restaurants often frequented by college students. “There are a lot of good independent restaurants in the area. People can get a good meal without feeling like they’re hitting up Chick-fil-A every day,” Hayes says. Just east of the neighborhood, the Village District is an upscale shopping and dining hub.


Other area attractions:

  • The Raleigh Little Theatre
  • Raleigh Rose Garden
  • Smaller green spaces like Isabella Cannon Park and Chamberlain Park
  • Major area parks like Pullen Park and Dix Park are a couple miles away

Locals can visit the Raleigh Rose Garden in the University Park neighborhood.
Locals can visit the Raleigh Rose Garden in the University Park neighborhood.
Jaycee Park and Community Center is located in Raleigh, NC.
Jaycee Park and Community Center is located in Raleigh, NC.
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Getting to downtown Raleigh and around the region

Downtown Raleigh is about a 10-minute drive from University Park. Wade Avenue and Hillsborough Street are major roads that border the neighborhood and go into downtown. There’s public transit, too: GoRaleigh bus stops line Hillsborough Street. Nearby Interstate 440 takes you around the region.

I-440, known locally as the Raleigh Beltline, borders the University Park neighborhood.
I-440, known locally as the Raleigh Beltline, borders the University Park neighborhood.
Go Raleigh and the Wolfline run along Hillsborough Street in University Park.
Go Raleigh and the Wolfline run along Hillsborough Street in University Park.
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University Park has a community vibe

Although it’s close to downtown Raleigh and college campuses, University Park is not a very student-heavy area. “It turns over slower, has higher-end pricing and is very stable,” says Jamie Ferguson, Realtor at Coldwell Banker Howard Perry & Walston Real Estate.

The neighborhood’s quiet streets lined with shade trees create a relaxed, comfortable atmosphere. “It’s one of the more magical neighborhoods, in my opinion,” Hayes says. “It’s so established; the trees are so mature. I love how they sprinkle in the condos amongst the older homes.” She notes that buyers looking to downsize like the townhouses here.

Locals can shop for essential needs at Target on Hillsborough Street in University Park.
Locals can shop for essential needs at Target on Hillsborough Street in University Park.
The first Snoopy's Hot Dogs opened in 1978 close to University Park.
The first Snoopy's Hot Dogs opened in 1978 close to University Park.
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Faith Wakefield
Written By
Faith Wakefield
Bryan Regan
Photography Contributed By
Bryan Regan
Maurice Boone
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Maurice Boone

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Raleigh-Durham International

18 min drive

Bus

Faircloth St & Beaver Dam Dr

Bus

Oberlin Rd & Everett Ave

Bus

Hillsborough St & Rosemary St

Bus

Oberlin Rd & Bedford Ave

Bus

Faircloth St & Meredith College

Bus

Hillsborough St & Furches St

Bus

Dixie Trail & Fowler Ave

Reviews

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Crime and Safety

1 - Low Crime, 10 - High Crime University Park US
Homicide 4 4
Sexual Assault 4 4
Assault with Weapon 4 4
Robbery 3 4
Burglary 6 4
Motor Vehicle Theft 5 4
Larceny 4 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
1,324
Number of Homes for Sale
22
Median Year Built
1948
Months of Supply
5.10
Average Single Family Home Size Sq Ft
3,199
Significantly above the national average
1,931
Average Townhouse Size Sq Ft
2,235
Average 2 Bedroom Size Sq Ft
1,483
Average 1 Bedroom Size Sq Ft
979
Median Lot Size Sq Ft
9,147

Open Houses

  • Saturday, May 2
    11am - 1pm

    29 Enterprise St Unit 309, Raleigh, NC 27607

    $1,000,000

    • 3 Beds
    • 3 Baths
    • 1,670 Sq Ft
    • 29 Enterprise St
    • Unit 309
    • New 21 days ago

    Life at the Top. Literally.29 Enterprise is a rare opportunity to be the very first to call it home. Whether you're looking to own or lease, this is your chance to step into something extraordinary. Inquire for details. Perched above it all with your own private rooftop terrace, this 3-bedroom, 3-bath residence is where sleek design meets effortless living. The open-concept floor plan flows

    Agent Photo
    Marinus Leach
    APERTURE LIFESTYLE REAL ESTATE
    (919) 420-3545
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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Rental Home Trends

Number of Homes for Rent
16
Median Rent
$1,795
Median Single Family Home Rent
$2,023
Median 4 Bedroom Single Family Home Rent
$3,475
Median Townhouse Rent
$1,375
Median 2 Bedroom Townhouse Rent
$1,795
Median Condo Rent
$1,500
Median 2 Bedroom Condo Rent
$1,500

Demographics

Total Population
7,502
Median Age
29
Population Density
9 ppl/acre
Population under 18
19.8%
On par with the national average
23.8%
Population over 65
10.1%
Below the national average
19.1%

Finances

Median Household Income
$61,317
Significantly below the national average
$79,597
Average Household Income
$103,921

Education and Workforce

High School Graduates
93.9%
College Graduates
74.4%
Significantly above the national average
34.1%
Advanced Degrees
34%
Above the national average
13.3%
% Population in Labor Force
73.4%

Weather

Annual Precipitation
46''
Average Winter Low Temperature
32°F
Average Summer High Temperature
90°F
Annual Snowfall
0''

Area Factors

Moderately friendly

Bike Score®

60 / 100

Fairly friendly

Walk Score®

50 / 100

Fairly friendly

Transit Score®

40 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
University Park