Market Overview
Home Prices in University Park, IA
The median home value in University Park, IA is $159,114 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.1% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in University Park are priced61% below average. University Park is part of the Oskaloosa, IA metro area.
Price History
University Park Home Price Trend
2022
$125,131
$125K
—
2023
$132,842
$133K
+6.2%
2024
$142,938
$143K
+7.6%
2025
$143,246
$143K
+0.2%
2026
$159,114
$159K
+11.1%
City Comparison
University Park vs. National Median
🏠 University Park
$159,114
National Median
$410,000
At $159,114, homes in University Park cost 61% below the national median of $410,000. This makes University Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in University Park?
20% Down Payment
$31,823
on $159,114
Monthly P&I
$830/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,054/mo
incl. taxes & insurance
Income Needed
$42,160
gross annual (30% rule)
10% Down Option
$15,911
+ PMI applies
Loan Amount (20% dn)
$127,291
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in University Park, IA?
The median home value in University Park is $159,114 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.1% year-over-year.
How much have home prices changed in University Park?
Over the past year, home values in University Park have increased by 11.1%.
How much do I need to earn to buy a home in University Park?
To comfortably afford the median home price of $159,114 with a 20% down payment ($31,823) at today's rates (6.8%), you'd need a gross annual income of approximately $42,160. This assumes keeping total housing costs at or below 30% of gross income.
How does University Park compare to the national average home price?
The national median home value is approximately $410,000. At $159,114, homes in University Park are 61% below the national average.
What metro area is University Park part of?
University Park is part of the Oskaloosa, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.