Home prices
The median home value in University Park is $124,100. It is approximately $7,380 (5%) lower compared to nearby areas.It is about $93,400 (42%) lower compared to the entire country, and is approximately $133,900 (51%) lower in comparison to the city of Chicago.
Rents
The median rent in University Park is $978 a month. This is about $78 (7%) lower compared to its nearby areas.It is roughly $84 (7%) lower in comparison to the country as a whole, and in comparison to the city of Chicago it is roughly $134 (12%) lower.
Nearby places
Monee
Monee is University Park's neighbor to the southwest. Its real estate prices are a bit more expensive. The median home cost in Monee is $163,400, which comes out to $39,300 (24%) higher than University Park. Its rents are somewhat less expensive. Monee's median rent is $855 per month, which works out to $123 (14%) lower than University Park.
Richton Park
Richton Park is University Park's neighbor to the northwest. Housing prices there are a little more expensive. The median home in Richton Park costs $146,000, which is $21,900 (15%) higher than University Park. Rents there are a little more expensive. Richton Park's median monthly rent is $1,073, which is $95 (8%) higher than University Park.
Park Forest
Park Forest is University Park's neighbor to the northeast. The real estate prices there are substantially less expensive. The median home in Park Forest costs $73,600, which is $50,500 (68%) lower than University Park. The rent there is a bit more expensive. Park Forest's median rent is $1,211 per month, which is $233 (19%) higher than University Park.
Crete
Crete is University Park's neighbor to the east. The real estate prices there are a little more expensive. Crete's median home price is $171,200, which works out to $47,100 (27%) higher than University Park. The rent there is a bit more expensive. In Crete the median monthly rent is $1,094, which works out to $116 (10%) higher than University Park.
South Chicago Heights
South Chicago Heights is roughly 4 miles northeast of University Park. Its real estate prices are somewhat less expensive. The median home in South Chicago Heights is valued at $103,200, which is $20,900 (20%) lower than University Park. Rents there are somewhat more expensive. The median rent in South Chicago Heights is $1,046 per month, which comes out to $68 (6%) higher than University Park.
