$850,212Average Value$428Average Price per Sq Ft19Homes 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.
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.
There are condos in University Park.
Modern homes are dotted throughout the 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.
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
The Raleigh Rose Garden in the University Park neighborhood.
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, also known as the Raleigh Beltline, takes you around the region.
Go Raleigh and the Wolfline run along Hillsborough Street.
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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.
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
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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
University Park Demographics and Home Trends
On average, homes in University Park, Raleigh sell after 69 days on the market compared to the national average of 53 days. The median sale price for homes in University Park, Raleigh over the last 12 months is $915,000, up 11% from the median home sale price over the previous 12 months.
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At Stanhope Student Apartments, we offer much more than off-campus housing near NC State. Modern student apartments, fully furnished. Amenities catering to your every need. Fun social events with your fellow graduate and undergraduate students. And just when you think you have it all, step outside and explore our perfect location on Hillsborough Street, just steps away from the NC State campus.
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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.
