Much like its nearby areas, it's a lot more expensive compared to the entire nation. Compared to the city of Seattle however, it is a lot less expensive.
Home prices
The median home in University Place costs $367,200. In comparison to its nearby areas it is approximately $11,600 (3%) lower.Compared to the rest of the nation it is about $149,700 (68%) higher, and is roughly $295,900 (44%) lower in comparison to the city of Seattle.
Rents
University Place's median monthly rent is $1,198. In comparison to other places in this area this is approximately $43 (3%) lower.In comparison to the rest of the country it is approximately $136 (12%) higher, and is approximately $416 (25%) lower compared to the city of Seattle.
Nearby places
Fircrest
Fircrest is University Place's neighbor to the northeast. Housing prices there are somewhat less expensive. The median home value in Fircrest is $343,600, which works out to $23,600 (6%) lower than University Place. The rent there is similar. The median rent in Fircrest is $1,253 per month, which is $55 (4%) higher than University Place.
Lakewood
Lakewood is University Place's neighbor to the south. Its housing prices are substantially less expensive. The median home in Lakewood is valued at $269,200, which works out to $98,000 (36%) lower than University Place. Rents there are a bit less expensive. In Lakewood the median rent is $1,034 a month, which is $164 (15%) lower than University Place.
Steilacoom
Steilacoom is University Place's neighbor to the southwest. The real estate prices there are fairly similar. Steilacoom's median home value is $361,300, which is $5,900 (1%) lower than University Place. Its rents are similar. Steilacoom's median monthly rent is $1,152, which is $46 (3%) lower than University Place.
Tacoma
Tacoma is University Place's neighbor to the northeast. Its real estate prices are substantially less expensive. The value of the median home in Tacoma is $277,900, which works out to $89,300 (32%) lower than University Place. Rents there are pretty similar. In Tacoma the median rent is $1,180 a month, which works out to $18 (1%) lower than University Place.
Fox Island
Fox Island is roughly 3 miles northwest from University Place. Its housing prices are significantly more expensive. The median home in Fox Island is valued at $642,000, which comes out to $274,800 (42%) higher than University Place. Rent there is a bit more expensive. In Fox Island the median monthly rent is $1,588, which is $390 (24%) higher than University Place.
