Similar to other places in this area, it's a lot more expensive compared to the rest of the country. Compared to the city of Miami, it's close to average.
Home prices
The cost of the median home in University Park is $312,200. In comparison to its nearby areas this is roughly $14,480 (4%) higher.Compared to the country as a whole it is roughly $94,700 (43%) higher, and in comparison to the city of Miami it is roughly $5,500 (1%) lower.
Rents
University Park's median rent is $1,350 per month. This is roughly $206 (13%) lower in comparison to its nearby areas.It is approximately $288 (27%) higher in comparison to the rest of the country, and in comparison to the city of Miami is approximately $167 (14%) higher.
Nearby places
Westwood Lakes
Westwood Lakes is University Park's neighbor to the south. Real estate prices there are similar. The median home value in Westwood Lakes is $319,500, which works out to $7,300 (2%) higher than University Park. The rent there is somewhat more expensive. Westwood Lakes's median rent is $1,496 a month, which is $146 (9%) higher than University Park.
Westchester
Westchester is University Park's neighbor to the east. The housing prices there are a bit more expensive. The median home in Westchester is valued at $332,600, which is $20,400 (6%) higher than University Park. Rents there are fairly similar. The median rent in Westchester is $1,383 a month, which comes out to $33 (2%) higher than University Park.
Tamiami
Tamiami is University Park's neighbor to the west. The real estate prices there are fairly similar. The value of the median home in Tamiami is $297,700, which comes out to $14,500 (4%) lower than University Park. The rent there is a little more expensive. The median monthly rent in Tamiami is $1,614, which is $264 (16%) higher than University Park.
Fountainebleau
Fountainebleau is University Park's neighbor to the northeast. Its real estate prices are significantly less expensive. The price of the median home in Fountainebleau is $190,300, which works out to $121,900 (64%) lower than University Park. Rents there are a little more expensive. Fountainebleau's median monthly rent is $1,586, which works out to $236 (14%) higher than University Park.
Olympia Heights
Olympia Heights is University Park's neighbor to the southeast. The real estate prices there are somewhat more expensive. The median home value in Olympia Heights is $348,500, which is $36,300 (10%) higher than University Park. Its rents are a little more expensive. In Olympia Heights the median rent is $1,702 per month, which works out to $352 (20%) higher than University Park.
