The real estate market in University Heights began in 1963 and single-family houses built during that decade are the major home types in the University Heights community. Many of these structures have undergone renovations as well as remodeling over the years.

Quiet University Heights is sprinkled with single-family homes for sale, condominium units, and townhouses with 65% of the units as rentals. With 2,298 residents (as of the 2012 municipal census) living in 1,380 dwellings, the proximity to a hospital has made University Heights the preferred choice for university students and staff there as well as for healthcare professionals.

The boundaries of University Heights include Shaganappi Trail to the west, 16 Avenue N and the Trans-Canada Highway to the south, 24 Avenue N to the north, and University Drive to the east. This relatively small neighbourhood has the claim to fame that Prime Minister Stephen Harper lived in University Heights when he attended the UC.