Housing costs in University Place?
A typical home costs
$599,100, which is 77.2% more expensive than the national average of
$338,100 and 12.0% more expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in University Place costs
$1,450 per month, which is 16.2% cheaper than the national average of
$1,730 and 42.8% cheaper than the state average of
$2,070.
Can I afford University Place?
To live comfortably in University Place (zip 98467), Washington, a minimum annual income of
$114,840 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about University Place?
The cost of living in University Place, WA is higher than the national average due to its close proximity to Seattle and Tacoma. The median home value in the area is $427,700, which is almost double the national average of $218,000. Additionally, the median monthly rent for a 1-bedroom apartment in University Place is estimated at $1,549 per month - approximately 20% more than the US average rent of $1,304 per month. However, this high cost of living comes with many benefits; including access to a wide variety of amenities and services such as museums, shopping centers and restaurants. It also offers an impressive public school district that has highly rated schools and excellent educational opportunities for students.