University Place is a mid-sized community of roughly 33,000 residents in Washington, with a price point above the national middle.
| State | Washington |
|---|---|
| Population | 33,000 |
| Median home value | $410,000 |
| Active listings | 56 |
| Median across Washington communities we track | $450,000 |
The University Place housing market
At $410,000, the median home value tracks closely with the median across the 17 Washington communities we cover — this is a mid-market address for the state.
Roughly 56 active listings at last count. That is enough to compare alternatives but not enough to be casual about a property you actually want.
Search homes in University Place
Current listings for University Place are maintained on the following site:
- Homes for sale in University Place — universityplacehomesforsale.com
These are external sites operated independently of 1PropertyHub. We do not control their listings, pricing, or availability, and we are not a party to any transaction arising from them.
Buying in University Place
At this level, the appraisal is worth watching. Contract prices in appreciating submarkets regularly run ahead of the closed sales an appraiser has to work from.
Before you make an offer, work out what the monthly payment actually looks like at this price level. Our mortgage calculator includes property tax, insurance, and mortgage insurance rather than just principal and interest, and the affordability calculator solves backwards from your income to a purchase price a lender would support. If you are weighing a purchase against continuing to rent, the rent vs buy calculator accounts for transaction costs on both ends.
Investing in University Place
For rental investors, the questions here are rent-to-price ratio, the property tax burden, insurance cost, and the depth of the tenant pool at this population size. Underwrite with honest vacancy, management, maintenance, and capital reserves rather than rent minus mortgage — see our cash flow calculator and the rental underwriting guide. Verify short-term rental rules with the municipality before assuming any STR strategy will be permitted.
Nearby communities in Washington
- Walla Walla, WA
- Mount Vernon, WA
- Seatac, WA
- Bainbridge Island, WA
- Bremerton, WA
- Puyallup, WA
- Burien, WA
- Shoreline, WA
Frequently asked questions
What is the median home value in University Place, WA?
The median home value in University Place is approximately $410,000. At $410,000, the median home value tracks closely with the median across the 17 Washington communities we cover — this is a mid-market address for the state. Values move with the market and vary widely by neighborhood, condition, and lot — treat this as a starting point and verify against recent closed sales before pricing an offer.
How many homes are for sale in University Place?
There were roughly 56 active listings at last count. Roughly 56 active listings at last count. That is enough to compare alternatives but not enough to be casual about a property you actually want. For current inventory, see Homes for sale in University Place.
What should I know before buying in University Place?
At this level, the appraisal is worth watching. Contract prices in appreciating submarkets regularly run ahead of the closed sales an appraiser has to work from. Beyond the property itself, confirm the property tax rate and any exemptions with the county assessor, and get an insurance quote before you are under contract — both vary far more by location than buyers expect. Our Washington state guide covers closing practice and property law.