Market Overview
Home Prices in University Place, WA
The median home value in University Place, WA is $665,059 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in University Place are priced62% above average. University Place is part of the Seattle-Tacoma-Bellevue, WA metro area.
Over the past five years, University Place home values have risen by approximately11.2%, reflecting steady appreciation in this market.
Price History
University Place Home Price Trend
City Comparison
University Place vs. National Median
At $665,059, homes in University Place cost 62% above the national median of $410,000. Buyers in University Place should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in University Place?
20% Down Payment
$133,012
on $665,059
Monthly P&I
$3,469/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,406/mo
incl. taxes & insurance
Income Needed
$176,240
gross annual (30% rule)
10% Down Option
$66,506
+ PMI applies
Loan Amount (20% dn)
$532,047
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in University Place, WA?
The median home value in University Place is $665,059 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in University Place?
Over the past year, home values in University Place have decreased by 1.1%. Over five years, prices have risen approximately 11.2%.
How much do I need to earn to buy a home in University Place?
To comfortably afford the median home price of $665,059 with a 20% down payment ($133,012) at today's rates (6.8%), you'd need a gross annual income of approximately $176,240. This assumes keeping total housing costs at or below 30% of gross income.
How does University Place compare to the national average home price?
The national median home value is approximately $410,000. At $665,059, homes in University Place are 62% above the national average.
What metro area is University Place part of?
University Place is part of the Seattle-Tacoma-Bellevue, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.