How the demographic structure of cities is formed is an important subject of discussion. Various different factors can play a different role in each city. For example, the presence of a university in certain cities significantly affects the demographic structure, while the industrial structure in certain cities affects the demographic structure of the city. On the other hand, economists have long emphasized the critical role of human capital in the development of regions. In addition, education has a positive effect on income. For this reason, it is of great importance to understand the distribution of the educated population in the cities. In order to develop better local policies, it is necessary to learn how the educated population is affected by house and rent prices. Another important issue concerns the attainment of the role of municipal expenditures. In this study, the movement of the university graduate population in Istanbul, which is the 21st most populous city in the world with its population approaching 16 million, has been examined and those relationships have been investigated. With the data between 2014 and 2021, analysis was made for 39 districts. Panel data analysis and an Apparently Unrelated Regression Model (GIR) were used for econometric analysis of the study. In addition to the fundamental analysis, many robustness checks were carried out; The delays of the variables are added to the model or the number of Syrians under temporary protection in the districts is controlled. The results are generally similar. In addition, the analyzes include individuals with higher education and higher education and are repeated on the basis of gender. According to our findings, the number of graduates per ten thousand people is positively associated with real rental prices. Although the effect is small, it is statistically significant. This relationship is stronger in women. On the other hand, the number of graduates per ten thousand people is negatively related to real house prices. This relationship is stronger in men. Finally, the number of university graduates per ten thousand people is positively related to the budget of the district municipalities per capita. This relationship is both strong and valid for all genders. Therefore, it is thought that our findings may contribute to the development of more effective local and national policies.