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.