The housing market in 98466 University Place, WA is lucrative with the median value of homes at $571,700. This is over $200k more than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, however, homes in 98466 University Place enjoy a slightly lower appreciation rate of 4.80%. With such high values and a relatively low appreciation rate, it's easy to understand why people are investing in this area and taking advantage of the available opportunities.
The median home cost in University Place (zip 98466) is $571,700. Home appreciation the last 10 years has been 176.6%. Home Appreciation in University Place (zip 98466) is up 12.3%.
Average Age of Homes
- The median age of University Place (zip 98466) real estate is 43 years old
The Rental Market in University Place (zip 98466)
- Renters make up 44.6% of the University Place (zip 98466) population
- 2.2% of houses and apartments in University Place (zip 98466), 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.