University Park Homes for Sale
This is the buyer side of University Park: what a home costs to own here, where buyers start, what to check before you offer, and how the purchase works in Texas. For location, lifestyle and pros and cons, see the University Park home values guide.
The University Park listings that fit you, sent to you
Tell us the price range, bedrooms and must haves. We send you the current University Park listings that fit, then the new ones as they come on, and we tour and negotiate with you. Your buyer agreement sets our fee up front; sellers often agree to pay some or all of it, and we negotiate for that in your offer.
What a University Park home costs to own
Zillow reported the typical University Park home value at about $2.47 million, up about 9 percent from a year earlier as of September 2026. Here is what a home at that price costs each month at the Freddie Mac Primary Mortgage Market Survey 30 year fixed average of 7.40 percent, as of October 15, 2026, with property tax at the 2026 City of University Park, Highland Park ISD, Dallas County, Parkland and Dallas College rates, about $1.60 per $100 (Dallas County Tax Office; the county rate goes to a November 3, 2026 tax rate election).
| Down payment | Cash down | Principal and interest | Property tax | Monthly before insurance |
|---|---|---|---|---|
| 10 percent down | $247,000 | $15,392 | $3,293 | $18,685 |
| 20 percent down | $494,000 | $13,681 | $3,293 | $16,974 |
Estimates, not a loan quote. Add homeowners insurance, any HOA dues, and mortgage insurance with less than 20 percent down. Your rate depends on your credit, loan type and points. Loans above the conforming limit are jumbo loans and price differently, so get a quote from a lender at this price point. The $140,000 homestead exemption lowers the school portion of the tax once the home is yours and you file. Run How Much Can You Afford with your own numbers.
Where buyers start in University Park
Mostly single family homes on 50 to 70 foot lots. Each pocket draws a different buyer and a different budget, so pick the pocket before you pick the house.
- Volk Estates and the streets off Turtle Creek Boulevard: the largest lots and the highest sales in the city.
- The SMU adjacent blocks: original homes, rebuilds and the rental duplexes near campus.
- North of Lovers Lane toward Northwest Highway: wider lots, more new construction, and Preston Center close by.
Plan on competing with builders on any original house priced near lot value. If you want a finished home, the premium over a rebuild is real but so is the time you save. If you are buying near campus for an SMU student, the duplex pocket near campus is its own market and we track it separately.
What to check before you offer in University Park
- Older houses. Budget for a foundation evaluation and a sewer line camera scope on top of the general inspection. Original cast iron or clay drain lines, older wiring and pier and beam foundations are the repairs that turn up after the option period if nobody looked.
- Duplexes and small multifamily. Get the current leases, the rent roll, the deposits and the utility setup in writing. Owner occupants can finance two to four units with FHA or conventional loans, and the lender will count part of the rent, so talk to the lender before you pick streets.
- Newer homes. Hire your own inspector even on new construction, ask the builder for the warranty in writing, and pull the city permit history for the rebuild.
- Water nearby. Check the flood zone and the flood insurance quote before you write the offer. The Home Check pulls the FEMA zone for any address.
- Every house. Run the Home Check for the flood zone and any MUD or water district, use the total rate on the county tax bill for the monthly cost, and confirm the school zone on the exact address with the district.
University Park schools
University Park is zoned to Highland Park ISD. Depending on the street, homes are zoned to Hyer, University Park, Armstrong, Bradfield or Boone elementary, all feeding McCulloch Intermediate, Highland Park Middle School and Highland Park High School. School zoning is the first question most buyers ask, so we check it on every property.
How buying a University Park home works in Texas
- Get preapproved. A lender letter with your real payment, not just the loan amount, so you shop at the right price.
- Sign a buyer agreement and tour. We send the listings that fit and tour with you. The agreement sets out what we do and how we are paid.
- Write the offer on the Texas contract. It names the price, the earnest money held by the title company, and an option fee that buys you a set number of days to inspect and walk away for any reason.
- Inspect during the option period. General inspection plus anything the house calls for from the list above. Negotiate repairs or a credit before the option period ends.
- Appraisal, survey and title. The lender orders the appraisal, the title company issues the title commitment, and you review the survey.
- Close and file your homestead. Once it is your home, file the free homestead application with the Dallas Central Appraisal District (DCAD). It cuts the school taxable value by $140,000, and starting the year after you qualify, it limits increases in the appraised value of the home to 10 percent a year. Tax rates can still change.
Before you tour, run the Home Check on any address for the flood zone and any MUD or water district, and read the Dallas County property tax page so the first bill is not a surprise.
Want the current University Park listings?
Text us the price range and bedrooms. We send the listings that fit, and the new ones as they come on.
Questions buyers ask about University Park
How much do I need to buy a home in University Park?
At the typical University Park home value of about $2,470,000, 10 percent down is $247,000 and 20 percent down is $494,000, plus closing costs.
What are property taxes on a University Park home?
Property tax runs at the 2026 City of University Park, Highland Park ISD, Dallas County, Parkland and Dallas College rates, about $1.60 per $100 (Dallas County Tax Office; the county rate goes to a November 3, 2026 tax rate election). At $2,470,000, that is about $3,293 a month before the homestead exemption. The Dallas Central Appraisal District (DCAD) sets the value each year.
What school district is University Park in?
University Park is zoned to Highland Park ISD.
How do I see University Park homes for sale?
Text (214) 600-3392 with your price range and must haves. We send the University Park listings that fit, set up the tours, and represent you on the offer. Texas law requires a written agreement with a buyer before an agent shows a home or presents an offer, so we sign one with you before the first tour. It states our fee, which is not set by law and is fully negotiable, and a seller may agree to pay some or all of it.