University, Florida Housing Market Prices
University Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 73% below the Florida median$84,232
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Median rent 22% below the Florida median$1,298
Housing Market Overview
| Metric | University | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,232 | $311,338 | $248,835 |
| Price Trend (Annual %) | 15.9% | 11.2% | 7.5% |
| Median Gross Rent | $1,298 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in University is about 73% lower than in Florida. Rent is about 22% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in University, up about 15.9% and 6.7% a year respectively. Home prices are changing faster.
Median rent in University rose about 74.1% between 2015 and 2024, from $745 to $1,298. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in University.
Buying the median-priced home in University costs roughly 5.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in University. The price-to-rent ratio in Florida is about 15.6.
| Metric | University | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,232 | $311,338 | $248,835 |
| Median Household Income | $38,990 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.2 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in University rose about 121.2%, while median household income rose about 46.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | University | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 11.6% | 57.7% | 58.5% |
| Rental Rate | 74.9% | 27.7% | 31.2% |
| Vacancy Rate | 13.5% | 14.6% | 10.2% |
| Median Tenure (years) | 8.0 | 13.0 | 15.0 |
| Median Year Moved In | 2018 | 2013 | 2011 |
University has a homeownership rate of 11.6%, lower than the Florida average of 57.7%. Its housing vacancy rate is 13.5%, compared with 14.6% in Florida.
Housing Stock
| Metric | University | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1987 | 1988 | 1978 |
| Median Number of Rooms | 3.9 | 5.2 | 5.5 |
The typical housing unit in University was built around 1987. On average, 2.3 people live in a home with about 3.9 rooms, staying for about 8.0 years on average.
University, FL Housing Compared With Nearby Cities
University, FL is the largest of the 4 cities compared here, 45,630 residents against a local median of 32,806. University, FL's homeownership, at 13.4%, runs 81% below the 72.2% typical of the cities around it. That is the weaker end of the local range on this measure.
Median home price tells the same story from another angle: $84,232 against a local median of $436,461, 81% below it. The cities themselves sit within 27.8% of each other on homeownership, a tighter band than the gap between any of them and University, FL, which makes it a genuine outlier here rather than one end of a wide local spread. University, FL has the 4th highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| University, FL | 45,630 | $84,232 #4/4 | $1,298 #4/4 | 13.4% #4/4 |
| Lake Magdalene, FL | 31,109 | $453,210 | $1,432 | 72.2% |
| Lutz, FL | 32,806 | $345,444 | $1,729 | 73.3% |
| Egypt Lake-Leto, FL | 35,150 | $436,461 | $1,480 | 45.5% |
Frequently Asked Questions
Common questions about the housing market in University, Florida.
What is the median home price in University, Florida?
The median home price in University, Florida is $84,232, lower than the Florida average of $311,338.
What is the average home price in University, Florida?
The typical home price in University, Florida, reported as the median sale price, is $84,232. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in University, Florida?
The median gross rent in University, Florida is $1,298 per month, lower than the Florida average of $1,668.
What was the median gross rent in University in 2020?
In 2020, the median gross rent in University, Florida was $947 per month.
What is the price-to-rent ratio in University, Florida?
The price-to-rent ratio in University, Florida is about 5.4, meaning it would take roughly 5.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in University.
Are home prices or rent rising faster in University, Florida?
Both home prices and rent are rising in University, up about 15.9% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in University, Florida?
11.6% of households in University, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in University, Florida?
The housing vacancy rate in University, Florida is 13.5%, lower than the Florida average of 14.6%.
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