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Buying Property in University Park: 10 Things to Know First

  • Writer: Nitin Gupta, CRS, REALTOR
    Nitin Gupta, CRS, REALTOR
  • Mar 4
  • 5 min read



University Park, Texas, is one of the most prestigious and sought-after areas in the Dallas-Fort Worth metroplex. Known for its luxury homes, tree-lined streets, and highly rated schools, University Park offers a blend of historic charm and modern convenience.


If you're considering buying property in University Park, here are the 10 most important things to know before making your move.


1. University Park Is One of the Most Exclusive Markets in DFW

University Park is a high-demand area, meaning homes here sell quickly and often above asking price.

  • Median home price: $1.5M – $5M+

  • Luxury estates and historic homes dominate the market

  • Low inventory makes it a competitive buying environment

What You Should Do: Work with a local University Park real estate expert to gain access to off-market and pre-listed properties.


2. Home to Highland Park ISD – One of the Best School Districts in Texas

Many families move to University Park specifically for Highland Park Independent School District (HPISD), one of the top-performing school districts in the state.

  • High academic rankings and strong college preparatory programs

  • Smaller student-to-teacher ratios than most Texas school districts

  • Extensive extracurricular programs, including award-winning athletics and fine arts

What You Should Do: If schools are a priority, confirm that the home you’re buying is zoned for HPISD. Some nearby addresses may fall under Dallas ISD instead.


3. University Park Offers a Mix of Historic and Modern Homes

University Park is known for a variety of architectural styles, from historic Tudors to modern custom-built homes.

  • Historic charm with beautifully maintained homes from the early 1900s

  • New construction homes with luxury amenities and large floor plans

  • Estate-style properties with gated entries, guest houses, and private courtyards

What You Should Do: Decide if you prefer a fully renovated historic home or a newly built custom residence before starting your search.


4. Property Taxes Are Higher Than the National Average

Texas has no state income tax, but property taxes in University Park can be higher than in many other areas.

  • University Park property tax rates: Around 2.2% – 2.7%

  • HPISD’s exceptional school system contributes to the higher tax rates

  • Some properties may also have additional HOA fees

What You Should Do: Factor property taxes into your home budget and explore homestead exemptions to lower your tax bill.


5. Limited Land Availability Means High Property Values

University Park is a fully developed area, meaning there is very little vacant land available for new construction.

  • Most new homes are built by tearing down older homes

  • Lot sizes vary, but larger lots (0.5+ acres) are extremely rare

  • Historic preservation efforts help maintain the neighborhood’s charm

What You Should Do: Be prepared for higher prices and fewer options for new construction, or consider buying a home to renovate.


6. University Park Offers a Small-Town Feel With Big-City Convenience

Despite being close to Downtown Dallas, University Park maintains a close-knit, small-town atmosphere.

  • Highly walkable neighborhoods with tree-lined streets

  • Local parks, community events, and neighborhood gatherings

  • Easy access to Dallas’ top dining, shopping, and entertainment

What You Should Do: If you’re looking for a luxury lifestyle with a strong sense of community, University Park is an excellent choice.


7. Home Prices Hold Their Value

University Park is one of the most stable real estate markets in Texas, with consistent property value appreciation.

  • Luxury homes tend to retain or increase in value over time

  • Limited inventory keeps demand high

  • Homes in HPISD school zones are particularly valuable for resale

What You Should Do: If you’re looking for long-term investment potential, University Park real estate is a strong option.


8. Access to Exclusive Shopping and Dining

University Park is located near some of Dallas’ most upscale shopping and dining districts.

  • Highland Park Village – High-end retailers like Chanel, Hermès, and Ralph Lauren

  • Snider Plaza – Boutique shopping and casual dining with a historic feel

  • Preston Center – Upscale shopping, fitness centers, and gourmet restaurants

What You Should Do: If you value luxury shopping and fine dining, University Park is one of the best locations in DFW.


9. Strong Community Amenities and Outdoor Spaces

University Park is known for its well-maintained parks and recreational facilities.

  • Goar Park and Caruth Park – Walking trails, picnic areas, and playgrounds

  • Holmes Aquatic Center – A community pool with slides, a lazy river, and swim programs

  • Tennis courts, sports fields, and private golf clubs nearby

What You Should Do: If outdoor activities and green spaces are a priority, University Park offers plenty of recreational options.


10. Easy Access to SMU and Downtown Dallas

University Park is home to Southern Methodist University (SMU) and provides quick access to business districts, cultural venues, and major highways.

  • SMU campus offers museums, performances, and continuing education opportunities

  • Just minutes from Downtown Dallas, Uptown, and the Arts District

  • Close to major employment hubs and DFW International Airport

What You Should Do: If you work in Downtown Dallas or need access to major business hubs, University Park is one of the best-located neighborhoods in DFW.


Is University Park the Right Place for You?

University Park offers luxury homes, a top-tier school district, a tight-knit community, and excellent investment potential. If you’re considering moving to University Park, let’s find the perfect property for you.


Interested in buying or selling in University Park? Let’s connect at 469-269-6541 and explore the best opportunities in this premier neighborhood!



 

About us: University Park Expert Real Estate Agent


As a Top Real Estate Professional in University Park, I understand the challenges that arise when buying a luxury home in University Park.


As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.


Whether you are a first time buyer in University Park looking to buy a home in University Park or whether you are relocating to University Park from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a luxury home in University Park. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.


What is most important to you in your new home in University Park? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about University Park that you can use to help make your home buying decision.




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