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University Place, WA
Full City Profile · Washington · Pierce County County
3.4
/5.0
B
Good
34,850
Population
4,179/sq mi density
$94,952
Median Income
$50,062 per capita
$578,100
Home Value
$647,666 Zillow
$1,664
Median Rent
33.7% income on rent
52°F
Avg Temperature
240 sunny days/yr
258
Violent Crime/100K
1,587 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$94,952 median income, 2.6% unemployment
B
Affordability
3.2 / 5.0
$578,100 home value, $1,664/mo rent
F
Safety
1.0 / 5.0
258 violent crimes/100K
A
Education
4.5 / 5.0
43.5% bachelor's degree or higher
Housing Overview
Median Home Value
$578,100
105% above
US avg: $281,900
Median Rent
$1,664/mo
43% above
US avg: $1,163/mo
Homeownership Rate
58.9%
10% below US avg (65.4%)
Total Housing Units
14,377
Median year built: 1979
Home Value by Source
Census Median
$578,100
Zillow (ZHVI)
$647,666
Median Sale Price
$610,000
Median List Price
$747,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
58.9%
Owner-Occupied
41.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,082/mo
1 Bedroom
$1,180/mo
2 Bedroom
$1,472/mo
3 Bedroom
$2,003/mo
4 Bedroom
$2,351/mo
Census median rent:
$1,664/mo
· Zillow rent:
$1,961/mo
Market Indicators (Redfin)
Median Days on Market
59 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
20
Price Drops
22.0%
of listings with price reduction
Price Per Sq Ft
$326
Active Inventory
41
homes for sale
Affordability & Housing Stock
Rent Burden
33.7%
of renters spending 30%+ of income on housing
9% above US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
58.9%
Complete Housing Data
Home Values
| Census Median Value | $578,100 |
| Zillow Home Value (ZHVI) | $647,666 |
| Median Sale Price | $610,000 |
| Median List Price | $747,000 |
| Price Per Sq Ft | $326 |
Rent
| Census Median Rent | $1,664 |
| Zillow Rent (ZORI) | $1,961 |
| FMR Studio | $1,082 |
| FMR 1-Bedroom | $1,180 |
| FMR 2-Bedroom | $1,472 |
| FMR 3-Bedroom | $2,003 |
| FMR 4-Bedroom | $2,351 |
Market
| Days on Market | 59 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 22.0% |
| Homes Sold | 20 |
| Active Inventory | 41 |
| Price Per Sq Ft | $326 |
Ownership & Stock
| Owner-Occupied | 58.9% |
| Renter-Occupied | 41.1% |
| Homeownership Rate | 58.9% |
| Total Housing Units | 14,377 |
| Median Year Built | 1979 |
| Rent Burden | 33.7% |