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City · 48,127 residents · Hillsborough County, Florida

University (Hillsborough County), Florida

In University, a typical home is worth $164,900 and typical rent is $1,295 a month. Compared with all of Hillsborough County, the typical home value is 56% lower, typical household income is 53% lower, and the share of households that own their home is 49 points lower.

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  • Typical home value

    $164,900

    56% below the county

    54% below Florida

    • University
    • Hillsborough
    • Florida

  • Typical rent

    $1,295a month

    22% below the county

    22% below Florida

    • University
    • Hillsborough
    • Florida

  • Typical household income

    $37,207a year

    53% below the county

    50% below Florida

    • University
    • Hillsborough
    • Florida

  • Households that own their home

    13%

    49 points below the county

    55 points below Florida

    • University
    • Hillsborough
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

University is in Hillsborough County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hillsborough County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets University apart

What this place has that others do not, from public data, most unusual first.

  1. University has the lowest homeownership rate of the 481 cities in Florida with more than 5,000 people: 13%.

  2. University has the 6th lowest typical household income of the 480 cities in Florida with more than 5,000 people ($37,207).

  3. The typical home in University is worth $164,900, 56% less than in Hillsborough County as a whole ($371,500).

  4. The typical rent in University is $1,295 a month, 22% less than in Hillsborough County as a whole ($1,667).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in University

What homes there are in University, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In University, the apartment is the most common kind of home: 61%, against 23% in Hillsborough County.

Year built

The typical home in University was built in 1986, 5 years before the typical one in Hillsborough County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 95% of owner-occupied homes in University are worth less than $500,000, below the FHA loan limit for Hillsborough County ($541,287).

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Hillsborough County is $1,917; about 86% of rents in University are below it.

With a mortgage

$1,400 a month

Hillsborough County: $2,003 a month

Without a mortgage

$532 a month

Hillsborough County: $657 a month

Owners with a mortgage

36%

Hillsborough County: 64%

In University, 36% of owners have a mortgage, and their typical cost is $1,400 a month, against $2,003 in Hillsborough County. Without one it drops to $532.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in University rose 55%; in Hillsborough County, it rose 72%.

Rents in University rose at about the same pace as in Hillsborough County: 46% since 2015–2019, against 46%.

Here income did not keep up with housing: it rose 31%, while home values changed +55% and rent +46%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureUniversityHillsborough CountyFloridaUnited States
Rental vacancy 9.0%6.4%7.6%5.5%
Homeowner vacancy Unreliable estimate1.1%1.4%0.9%
More than one person per room 6.1%3.1%3.3%3.4%
People per household 2.272.562.512.53
Drive alone 61%67%70%69%
Carpool 15%9%9%9%
Public transit 3%1%1%3%
Walk or bike 5%2%2%3%
Work from home 13%21%16%15%
Other means 3%2%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

The rental vacancy rate in University is 9.0%, higher than in Hillsborough County (6.4%).

In University, 6.1% of households live with more than one person per room, against 3.1% in Hillsborough County.

Households in University are smaller: 2.27 people on average; in Hillsborough County, 2.56.

More people carpool to work in University than in Hillsborough County: 15% against 9%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in University?

A typical home costs more than the typical income allows

We start with a typical home in University, worth $164,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 43% of the typical household income in University, which is $37,207 a year. For that payment to be 28% of income, a household would need to earn about $57,437 a year.

The calculator's FHA and conventional loan limits are those of all of Hillsborough County.

Your numbers

Local data
$

Starts at the typical home value in University. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,772 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,340

at 7.18% · 30 years

Loan amount
$161,913
Total interest
$232,954
Paid off in
November 2056

Includes $2,785 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $868 a month

  • Tight

    $868 to $1,116 a month

  • Hard

    more than $1,116 a month

    Your payment · 43%

Compared with the typical household income in University ($37,207 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,340
Principal & interest$1,097
Property tax$102
Home insurance$69
FHA mortgage insurance (MIP)$73

You need at least $5,772 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

University and Hillsborough County

University is in Hillsborough County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

University's own numbers

Typical home value
$164,900
Typical monthly rent
$1,295
Typical yearly household income
$37,207
Households that own their home
13%
Effective property tax rate
0.74%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hillsborough County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,917
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
13%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hillsborough County.

Everything about Hillsborough County

Buying

Buying a home in University

A typical home in University is worth $164,900: 56% below the county and 54% below Florida. With the typical household income in University ($37,207 a year), a typical home costs 4.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • University 4.4 years
  • Hillsborough 4.7 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hillsborough County

According to FHFA’s house price index, home prices in Hillsborough County rose 140% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hillsborough County.

Period County Florida U.S.
Last year (2025) +1.7% −0.5% +2.9%
5 years (2020–2025) +63% +60% +47%
10 years (2015–2025) +140% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

University next to Hillsborough County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • University $164,900
  • Hillsborough $371,500
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • University $1,295
  • Hillsborough $1,667
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • University $37,207
  • Hillsborough $79,540
  • Florida $74,568
  • United States $80,734
See the full table
University next to Hillsborough County and Florida
Measure University Hillsborough County Florida U.S.
Typical home value $164,900 $371,500 $359,000 $332,700
Typical monthly rent $1,295 $1,667 $1,669 $1,413
Typical yearly household income $37,207 $79,540 $74,568 $80,734
Households that own their home 13% 61% 68% 65%
Typical yearly property tax $1,217 $3,010 $2,730 $3,119
Effective property tax rate 0.74% 0.81% 0.76% 0.94%
Renters with high rent for their income 69% 58% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hillsborough County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in University

For a typical $164,900 home in University, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, University's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,340a month

    Least cash to close
    Down payment
    $5,772
    Cash to close
    $10,719
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $73

  • Conventional, 5% down $1,310a month

    Down payment
    $8,245
    Cash to close
    $13,192
    Rate
    7.18%
    Mortgage insurance
    PMI · $78

  • Conventional, 20% down, no PMI $1,064a month

    Down payment
    $32,980
    Cash to close
    $37,927
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,217a month

    Down payment
    $24,735
    Cash to close
    $29,682
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for University and for Hillsborough County.

Property tax

Effective rate in University

0.74%of the home’s value each year

$1,217 a year for the typical owner in University.

  • University 0.74%
  • Hillsborough 0.81%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Hillsborough County

FEMA does not publish these numbers by city: they are for all of Hillsborough County.

Homes in the high-risk zone
13%
56,828
Of those, with NFIP insurance
61%
County Florida U.S.
Homes in the high-risk zone 13% 13% 3.5%
Of those, with NFIP insurance 61% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in University

Typical rent in University is $1,295 a month: 22% below the county. In University, 69% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hillsborough County, by unit size. To pay the 2-bedroom one ($1,917 a month) without spending more than 30% of your income, you would need to earn $36.87 an hour working full time.

HUD fair market rent for all of Hillsborough County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,597 $30.71 $63,880
1 bedroom $1,648 $31.69 $65,920
2 bedrooms $1,917 $36.87 $76,680
3 bedrooms $2,448 $47.08 $97,920
4 bedrooms $2,977 $57.25 $119,080

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in University

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). University has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,650 in 33612 to $1,830 in 33559.

None is above the fair market rent for Hillsborough County ($1,917).

  • 33559 $1,830$2,340
  • 33612 $1,650$2,110
  • 33613 $1,680$2,150

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for University when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in University

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 8 HUD-approved agencies with an office in Hillsborough County; 7 say they serve in Spanish.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in University

1 program is for University or Hillsborough County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in Florida: they work in University the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near University

The HUD-approved agencies closest to the center of University, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Operation Hope- Tampa

    2208 E Fowler Ave, Tampa · 2 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (813) 867-9658

  • Housing and Education Alliance

    9215 N Florida Ave Ste 104, Tampa · 3 miles away · Spanish

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 3 more
    (813) 932-4663

  • Solita's House Inc

    1029 E Hillsborough Ave, Tampa · 6 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (813) 425-4847

Every agency in Hillsborough County All counseling agencies in Florida

Help in Spanish near University

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of University

In HUD’s record, no housing authority with an office in Hillsborough County is named for University or Hillsborough County.

2 other authorities have an office in Hillsborough County: see the list Source: HUD

Cities

Other cities in Hillsborough County

These cities are also in Hillsborough County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hillsborough County Housing in Florida
See 19 more cities in Hillsborough County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to University, with the typical home value.

Neighboring counties

If Hillsborough County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in University.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about University

Short answers with the numbers for University and all of Hillsborough County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in University?

The typical home value in University is $164,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hillsborough County it is $371,500.

How much does it cost to rent in University?

Typical rent in University is $1,295 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hillsborough County is $1,917.

What is the FHA loan limit in University?

University uses the FHA limit for all of Hillsborough County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in University?

The typical homeowner in University pays $1,217 a year, according to the U.S. Census Bureau. That is 0.74% of the home’s value; in Hillsborough County, the rate is 0.81%.

Where can I find free help to buy or rent in University?

There are 8 HUD-approved counseling agencies with an office in Hillsborough County. 7 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).