ABOUT University Town Center
University Town Center (UTC) is a neighborhood in the southwestern area of Irvine, California. Adjacent to the University of California, Irvine (UCI), UTC is considered one of the best places to live in California. UTC has over 6,000 residents and is home to many young professionals who tend to be highly educated.
There are no free-standing single family homes in the neighborhood. Instead, the area is populated with condominiums, townhomes and apartment buildings that accommodate the large number of renters in the area. Homes that are sold are usually more affordable than in other Southern California communities. The most walkable neighborhood in Irvine, UTC has about fifty-four restaurants, bars and coffee shops, all of which can be reached within a five-minute walk.
Most daily errands can be accomplished by bicycle or on foot. Six public schools in the Irvine Unified School District serve the UTC community. Some of the schools are among the most highly rated in California.
Because University Town Center is essentially an extension of the campus of UCI, the community has an urban feel and is populated with younger people, mostly within the eighteen to forty-five age group. The largest ethnic group in UTC is Asian. The abundance of apartment buildings and presence of campus services in UTC reflects the influence of university culture on the community.
Most people living in University Town Center are renters. There are many restaurants and services available to accommodate students and university staff. Residents regularly engage in entertainment and recreational activities in community, regional or state parks and entertainment venues like Irvine Barclay Theatre.
TOP University Town Center HIGHLIGHTS
California is known for having a range of natural disaster risks, and Irvine neighborhoods are no exception. In University Town Center, residents are at a high risk of being affected by events like landslides, wildfires, and flood events.
This part of California’s earthquake index ranks at 18.02, which is notably higher than the U.S. index of 1.81. This data indicates that seismic activity occurs much more frequently in University Town Center than the majority of areas nationally.
Weather extremes recorded in University Town Center’s area between 1950 and 2010 show damaging thunderstorms, flooding from heavy rains, and tropical storms account for roughly 50% of serious events.
Commuting within UTC and to outside destinations is fairly convenient. Walking and bicycling are common forms of commuting within the neighborhood, and about six bus lines pass through UTC. Several major freeways run near the community.
Nearby major freeways, combined with major surface streets, provide quick commutes to popular area destinations. For example, it takes three minutes via Berkeley Avenue to reach the UCI campus. Commuting to Irvine Spectrum Center takes about 15 minutes via University Drive and I-405 S. John Wayne Airport is 13 minutes away via I-405 N, and South Coast Metro can be reached in around 12 minutes by taking California Highway 73 northward.
Overall, University Town Center is considered more secure than 92% of residential areas across the state.
Total crime rates in University Town Center fall 18% below the city’s average, with the total crime rate tracking an impressive 58% below the national average. This neighborhood’s violent crime rate is also 88% under the country’s average. For additional reference, local property crime rates track 53% under the national average.
There is an estimated 1 in 92 chance of personally experiencing a violent or property crime in this part of Irvine. Plus, recent trends show a year-over-year decrease in crime by roughly 4%.
SCHOOLS IN University Town Center
There are six public schools and one private school serving University Town Center. The public schools are all in the Irvine Unified School District. The two elementary schools are Turtle Rock Elementary School and University Park Elementary School. Turtle Rock Elementary is one of the highest performing schools in California. University Park Elementary School is also a highly rated school. Rancho San Joaquin Middle School is considered one of the best middle schools in California.
University High School is a top-rated school, and Creekside High School is an above average alternative school. Both high schools promote high academic achievement and a diverse school culture. Alternative Education-San Joaquin High School is an alternative public school that accepts Kindergarten through 12th grade students. This school is a highly rated school that serves 76 students in Kindergarten through 12th grade and ranks at 373 of 2,534 best public elementary schools in California.
University Town Center Housing 2020
Real estate in University Town Center includes attached condominiums and townhomes. As of mid-February 2019, there were two homes for sale in UTC. Both homes were condominiums that were listed at $658,888 and $679,888. These homes included, respectively, two bedrooms and 1.75 bathrooms and two bedrooms and three bathrooms. Between January 2016 and January 2019, a total of 143 homes in UTC sold for $2,500 to $910,000.
During this period, both the median list price and median sold price rose gradually, each rising by $125,000 to $150,000. The median list price increased slightly more during this time period than the median sold price. The only time periods during which the median sold price exceeded the median list price, however, were from November 2017 to January 2018 and from March 2018 to April 2018. At other times during this three-year period, the median sold price stayed below the median list price.
University Town Center Homes for Sale
The types of housing in University Town Center include a handful of condo and attached housing options. A large portion of the housing available in UTC is apartment units.
Homes in UTC represent a wide range of time periods and styles. Most residential structures sit on average sized lots. A typical housing unit in the neighborhood has two bedrooms and two bathrooms.
Garages and carports are the most common parking options. Because a large percentage of UTC residents are renters, there’s an abundance of apartment buildings in the neighborhood. In roughly thirteen apartment complexes, there are often at least fifty units available for rent at any given time.
One housing option in UTC is provided by Rexidence Residential Services, which offers fully furnished short-term units. Kapi Residences Student Housing is also located in University Town Center. Quite often, individual rooms are available for housing in rented or owner-occupied homes.