Zip 98467 (University Place, WA) Housing

The housing market in University Place, WA (98467) is quite strong. The median value for a house in this area is $599,100, which is much higher than the US House Median Value of $338,100. The US 1 year House Appreciation rate of 8.27% has not been as high as the appreciation rate in University Place over the same time period which is 4.80%. This shows that although the median value in this area is much higher than most, it has still increased at a consistent and slower rate than other areas throughout America.

The median home cost in University Place (zip 98467) is $599,100. Home appreciation the last 10 years has been 176.6%. Home Appreciation in University Place (zip 98467) is up 12.3%.

Average Age of Homes

- The median age of University Place (zip 98467) real estate is 32 years old

The Rental Market in University Place (zip 98467)

- Renters make up 49.4% of the University Place (zip 98467) population
- 2.0% of houses and apartments in University Place (zip 98467), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	University Place, Washington	United States
	6,525.0	139,647,020.0
	38	42
	$599,100	$338,100
	12.3%	16.6%
	80.1%	57.0%
	176.6%	101.1%
	$12.93	$10.98
	$5,563	$2,690
	56.4%	57.4%
	5.8%	11.2%
	37.9%	31.4%
Vacant Housing
	2.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.2%	2.4%
	0.9%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	3.3%	11.3%
	0.7%	13.0%
	9.1%	20.1%
	26.3%	13.6%
	28.9%	8.3%
	26.2%	9.7%
	2.4%	3.9%
	0.9%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	13.0%	13.6%
	13.0%	13.6%
	18.3%	13.6%
	24.7%	13.2%
	25.5%	14.8%
	18.3%	13.6%
	1.6%	10.0%
	0.2%	4.7%
	0.4%	12.2%

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