University Place, WA Real Estate
According to census data in the year 2000 there were 12,707 housing units in University Place.
This represents a 10.1% growth from 11,546 in 1990.
Of those housing units, 12,707 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in University Place is about 57.9%.
University Place's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in University Place were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 14.90% |
| Two Bedrooms | 29.30% |
| Three Bedrooms | 32.30% |
| Four Bedrooms | 17.30% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $177,000 |
| Median Price asked for vacant units | $176,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $565 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 9.70% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 57.10% |
| Debt Free | 23.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
