University Place, Washington is a medium-sized city with a population of 32,342 residents. In University Place, there are 3,881 people per square mile, which is well above the national population density average. If we look at the most recent Census, University Place is known to have a predominantly White population. The next two most common races are Asian and Black. If you are looking for a family friendly city, University Place might be a good fit as 72% of the population over 15 years old are married, and 62% have kids who are 18 years old or younger.
Living in University Place can be a fulfilling experience for anyone relocating to the area. Having said that, in the state of Washington, there are many desirable places to live, so choose wisely! The best areas in University Place and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, weather, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Washington and national averages.
University Place, WA receives 76 out of 100 for its livability score; this results in a ranking of #45 in Washington and #4,057 in the USA. Pack your bags! This is a very high score in comparison to other US cities. Living in University Place could be a great choice! If we probe a little deeper into each category within the livability score, we see that University Place has higher than average rankings for the following: amenities (A+), crime (B-), education (B+) and housing (B-). There is at least one category that does not have great scores in University Place. The following was graded with a concerning score: cost of living (F).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., University Place has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive.
University Place real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in University Place. The median home price for University Place homes is $293,700, which is 9.1% higher than the Washington average. If we take a closer look at the affordability of homes in University Place, we’ll see that the home price to income ratio is 4.8, which is 11.6% higher than the Washington average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in University Place were 8%, and the 5 year appreciation rates came in at 9.2%.
|North End, Tacoma||76||5.3||24,051|
|Northeast Tacoma, Tacoma||71||8.8||16,749|
|West End, Tacoma||67||4.4||26,425|