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Corridors, build era, and taxing boundaries shape what you can buy in University Park and what it costs to hold.
University Park is a separate municipality, incorporated in 1924 and surrounded by the city of Dallas and the town of Highland Park, so it runs its own police and fire departments. The Southern Methodist University campus sits inside its boundaries and accounts for a substantial share of the city's land area. The street grid was platted in the 1920s and 1930s, and much of the original prewar housing has been replaced by new construction on the same lot dimensions. Highland Park ISD is the taxing school district.
University Park sits in Dallas County, where the combined property tax rate runs about 2.15 percent of market value for the 2025 tax year, ranging 1.95 to 2.60 percent depending on the school district. On a $350,000 home with a homestead exemption that works out to roughly $505 a month. The Texas homestead exemption reduces only the school district portion, not the county or city portion, which is the detail most online estimates miss.
Taxes and insurance are a large share of a monthly payment in Texas, so a national mortgage estimate will understate what a University Park home actually costs to hold.
Brokerage services on this page are provided through Fathom Realty. Review Texas listing service levels and terms.
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