According to statistics, the population in University Place, WA amounts to 32,528, which shows decline 1% compared to the previous year. The median age of the city’s residents is 37. The average household income is $64,883, shifting growth 6% from the past year, and the average property value in University Place, WA growth 9% to $319,900 throughout the year.
|Number Of Employees||15,036|
|Median Property Value||$319,900|
The average household income in University Place, WA grew from $60,947 to $64,883 in the past year. This data is an estimate based upon 12,888 households in University Place, WA . The chart below presents how household income is distributed in University Place, WA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in University Place, WA shifted from $293,700 to $319,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in University Place, WA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of University Place, WA properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in University Place, WA compared to median property taxes around the country. The prevalent amount of property taxes in University Place, WA equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$625,000||N/A|
|1 bed for sale||$195,000||N/A|
|2 bed for sale||$386,666||-13.7%|
|3 bed for sale||$609,535||-7.5%|
|4+ bed for sale||$1,445,437||+103.6%|
During Jul 2022, the average price for an apartment in/near University Place, WA increased by 40.8% to $896,135.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $195,000 with no changes this month. Asking price for 2-bed apartment also decreased by 13.7% and a place of this size will now cost you $386,666. A 3-bed apartment goes for $609,535, it decreased by 7.5% lately. We discerned the rise of 4- and more bed apartment price. It increased by 103.6% and made it up to $1,445,437.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$994,817||+48.2%|
|Condos for sale||$342,500||-18.2%|
|Townhouses for sale||$610,975||-23.6%|
Price reports demonstrate that house price increased by 48.2% this month making it up to $994,817. Condos faced an upward trend these days. The median price for a condo decreased by 18.2%, it’s now available for $342,500. The property value of townhouses decreased by 23.6%, you’ll have to spend around $610,975 to get one.