Expensive
Affordable
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These days, finding an affordable place to live in the University Place area can be challenging. Home prices in University Place are now at a median cost of $622,690, higher than the Washington average of $621,115.
The average cost of rent is $1,987/mo in University Place, primarily driven by the current value of real estate in the University Place area. In University Place, 44.57% of households rent, and 39.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in University Place is $8,708 per month. Households that rent pay about 22.82% of their income on rent here. University Place’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fircrest, WA: equally priced homes
- Lakewood, WA: less expensive homes
- Steilacoom, WA: equally priced homes
- Tacoma, WA: less expensive homes
- Fox Island, WA: higher priced homes
- Ruston, WA: higher priced homes
- Midland, WA: less expensive homes
- Parkland, WA: less expensive homes
- North Fort Lewis, WA: less expensive homes
- Artondale, WA: higher priced homes
Cities with Similar Populations
- Kinston, NC: less expensive homes
- Greenville, TX: less expensive homes
- Harker Heights, TX: less expensive homes
- Hudsonville, MI: less expensive homes
- Huntington, NY: higher priced homes
- Huntington Station, NY: equally priced homes
- Hyde Park, MA: equally priced homes
- Inver Grove Heights, MN: less expensive homes
- Irmo, SC: less expensive homes
- Isabela, PR: less expensive homes
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