Housing in University at a glance
- Population
- about 56,814
- Housing units
- about 28,046
- Median value, owner-occupied homes
- $282,000Memphis: $169,000 (+67%)
- Median gross rent
- $1,200 a monthMemphis: $1,181 (+2%)
- Owner-occupied homes
- 54.4%Memphis: 44.9%
- Homes built before 1980
- 81.3%
- Median year built
- 1957
University sits near the centre of Memphis and lands third of ten on value, ownership and age of housing. Owners estimate $282,000, which is 67% above the $169,000 Memphis-wide level. Owners form 54.4% of households, against 44.9% citywide. Pre-1980 homes account for 81.3% of the stock, with 1957 the construction midpoint. Rent of $1,200 is only 2% over the $1,181 city level, fourth of ten. The neighbours scatter widely: Jackson reports $95,000 for value, Parkway Village reports $119,000, and East climbs to $338,000, where 63.4% of households own. Rents run from $1,070 in Jackson to $1,430 in East, a narrower spread than the values. That makes it older than Parkway Village, where 73.8% predate 1980, and than East, where the share is 56.9%, yet younger than Jackson, whose figure is 90.7%. Owners are 54.4% here, between Jackson's 49.1% and East's 63.4%.
Questions about University
What is the median home value in University, Memphis?
$282,000 for owner-occupied homes, against $169,000 for Memphis as a whole (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary). It is the owners' own estimate of their home's value, not a sale price.
What is the median rent in University?
$1,200 a month in gross rent (rent plus utilities paid by the renter), against $1,181 in Memphis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Do most people in University own or rent?
Most own: 54.4% of occupied homes are owner-occupied, against 44.9% in Memphis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Data and method
Data as of: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (retrieved 2026-11-02).
Estimate from the 16 census tracts whose internal point lies within the official boundary: counts are summed, and each median is recomputed from the summed value, rent and year-built brackets (grouped median, linear interpolation). The gap with the city is measured with the same method on the whole city.
University is one of the 10 most populous of 14 memphis 3.0 planning districts of Memphis: estimated population about 56,814 (Payotte estimate: Census ACS 2020-2024 populations of the census tracts whose internal point lies inside the boundary; boundaries from City of Memphis GIS, Memphis 3.0 Planning Districts, consulted 2026-11-02).
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, tables B01003, B25001, B25003, B25034, B25063, B25064, B25075, B25077; U.S. Census Bureau, 2024 Gazetteer files (census tract internal points). City figures: the same survey, published for Memphis as a whole. Home values are owners' estimates, not sale prices.
Near University
The closest sectors of Memphis, by distance between population centres.
Other sectors of Memphis
Five trades, one spot each
Payotte lists one professional per trade in University. No one is listed yet: every spot is open.
- Real estate agentOpen spot
- Mortgage loan officerOpen spot
- Home inspectorOpen spot
- Real estate attorneyOpen spot
- AppraiserOpen spot
Work in one of these trades in University? Ask for your spot.