Why Live in University Park
University Park is a historic neighborhood known for its lush tree canopy and commitment to environmental sustainability. Established in 1936, this community features 923 single-family homes with a variety of architectural styles, including minimalist cottages, Cape Cods, ramblers, bungalows, and larger Colonial Revival, Tudor-influenced, and Mediterranean designs. Located along the US Route 1 corridor, University Park offers convenient access to daily amenities, with a Whole Foods Market and various dining and retail options just half a mile away. The nearby Mall at Prince George's provides a wide range of shopping, dining, and entertainment features. The neighborhood is pedestrian and bike-friendly, with a speed limit of 20 miles per hour, and boasts ample park spaces and playgrounds. University Park Elementary, Nicolas Orem Middle, and College Park Academy serve the area, with the latter offering a high school education. The University of Maryland College Park campus is less than two miles away, providing numerous higher education opportunities. Residents enjoy a small-town atmosphere with the convenience of Washington DC's proximity. The crime rate in University Park is lower than the national average, contributing to a sense of security in this green oasis.
Frequently Asked Questions
What is the average home price in University Park, MD?
Homes for sale in University Park, MD have an average home price of $718,225.
Are home prices dropping in University Park?
Yes, home prices in University Park are down 14% in the last 12 months.
How many homes have sold over the last 12 months in University Park, MD?
7 homes have sold in University Park, MD over the last 12 months.
What are the most popular zip codes in University Park, MD?
How much do you need to make to afford a house in University Park?
The median home price in University Park is $717,000. If you put a 20% down payment of $143,400 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $3,730 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $160K a year to afford the median home price in University Park.
How are the schools in University Park, MD?
Home Trends in University Park, MD
On average, homes in University Park, MD sell after 22 days on the market compared to the national average of 50 days. The median sale price for homes in University Park, MD over the last 12 months is $646,000, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$646,000
Median Single Family Sale Price
$717,000
Average Price Per Sq Ft
$265
Number of Homes for Sale
5
Last 12 months Home Sales
7
Median List Price
$717,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-13%