UNIVERSITY PLACE HOUSING MARKET INFORMATION With 35,049 people, 13,803 houses or apartments, and a median cost of homes of $747,455, University Place house prices are not only among the most expensive in Washington, University Place real estate also is some of the most expensive in all of America. Single-family detached homes are the single most common housing type in University Place, accounting for 55.24% of the city's housing units. Other types of housing that are prevalent in University Place include large apartment complexes or high rise apartments ( 25.37%), duplexes, homes converted to apartments or other small apartment buildings ( 11.92%), and a few row houses and other attached homes ( 6.32%). The most prevalent building size and type in University Place are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.44% owning and 41.56% renting. There is a lot of housing in University Place built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in University Place built between 1940-1969 ( 25.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.48%). There's also some housing in University Place built before 1939 ( 2.67%). UNIVERSITY PLACE HOME APPRECIATION RATES In the last 10 years, University Place has experienced some of the highest home appreciation rates of any community in the nation. University Place real estate appreciated 132.33% over the last ten years, which is an average annual home appreciation rate of 8.80%, putting University Place in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, University Place definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Over the last year, University Place appreciation rates have trailed the rest of the nation. In the last twelve months, University Place's appreciation rate has been 6.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in University Place were at -0.17%, which equates to an annual appreciation rate of -0.66%. Notably, University Place's appreciation rate in the latest quarter is one of the lowest in America. Relative to Washington, our data show that University Place's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within University Place differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in University Place - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best University Place real estate investment or home purchase decisions.