Rental market snapshot for University Place, Washington

University Place, Washington Rental Property Market Overview

University Place, Washington is a city located in Pierce County with a population of 34,900 as of 2021, according to the US Census. It is a suburban city located just south of Tacoma and is home to many parks, trails, and recreational activities. University Place is known for its excellent schools, vibrant community, and proximity to the Puget Sound.

The average rent for an apartment in University Place is $2,724. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 1.8% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in University Place Washington | Cost of Living

  • The most expensive ZIP Code in University Place is 98467 with an average price of $2,995
  • The cheapest ZIP Code in University Place is 98466 with an average price of $1,716

University Place ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
198467$2,995
298466$1,999

Live near University Place, Washington's Top Sights and Attractions

Chambers Creek Properties is a scenic outdoor area located in the Pacific Northwest. It features a variety of recreational activities, including hiking, biking, fishing, and golfing. The area is home to two championship golf courses, a driving range, and a clubhouse. There are also several picnic areas and playgrounds, as well as a beach and a boat launch. Visitors can also explore the nearby wetlands, which are home to a variety of wildlife.

Homestead Park is a beautiful park located in the Pacific Northwest. It features a variety of outdoor activities, including a playground, picnic areas, walking trails, and a large pond. The park also has a large open field perfect for sports and other activities. There are also several benches and tables scattered throughout the park, making it a great spot for a picnic or just to relax and enjoy the scenery. The park is surrounded by lush trees and foliage, making it a great place to escape the hustle and bustle of the city.

Cirque Park is an outdoor recreational area located in a lush, green landscape. It features a variety of activities and attractions, including a large playground, a walking path, a picnic area, and a skate park. The playground is equipped with swings, slides, and other play structures, while the walking path is lined with trees and benches. The picnic area includes tables and grills, and the skate park has ramps, rails, and other obstacles. The park also has a large grassy area perfect for playing sports or just relaxing.

Cirque Bridgeport Park is a unique outdoor attraction located in the Pacific Northwest. It features a variety of activities, including a large playground, a skate park, a disc golf course, and a walking trail. The playground has a variety of play structures, swings, and slides for children of all ages. The skate park has a variety of ramps, rails, and other obstacles for skateboarders and BMX riders. The disc golf course is a 9-hole course with a variety of obstacles and challenges. The walking trail is a 1.5-mile loop with scenic views of the surrounding area.

Playground by the Sound is a large outdoor playground located on the waterfront of a Puget Sound inlet. It features a variety of play structures, including swings, slides, climbing walls, and a zip line. There is also a large sandpit, a picnic area, and a boardwalk with benches for visitors to enjoy the view. The playground is surrounded by lush green grass and trees, making it a great spot for families to spend a day outdoors.

Chambers Creek Canyon Park is a scenic outdoor destination located in the Pacific Northwest. It features a variety of trails, including a paved path that winds through the canyon, and a boardwalk that takes visitors through a wetland area. The park also offers stunning views of the Puget Sound and the Olympic Mountains. Visitors can explore the canyon's lush vegetation, spot wildlife, and take in the beauty of the surrounding area. There are also picnic areas, playgrounds, and a disc golf course.

Colegate Park is a beautiful park located in a quiet residential area. It features a large grassy area, perfect for picnics and outdoor activities, as well as a playground and a walking path. The park also has a pond with ducks and geese, and plenty of trees and shrubs to provide shade. There are also several benches and picnic tables scattered throughout the park, making it a great spot for a relaxing afternoon.

Leach Creek Park is a beautiful outdoor destination located in a lush, green area. It features a variety of trails, perfect for walking, running, or biking. The park also has a playground, picnic tables, and a large grassy area for relaxing and enjoying the scenery. The park is surrounded by tall trees, providing plenty of shade and a peaceful atmosphere. Visitors can also take advantage of the creek, which is perfect for fishing and exploring.

Chambers Creek Regional Park is a sprawling outdoor recreation area located in the Pacific Northwest. It features a variety of activities, including hiking, biking, fishing, and picnicking. The park also has a golf course, disc golf course, and a playground. There are two miles of shoreline along the Puget Sound, offering stunning views of the Olympic Mountains and the Tacoma Narrows Bridge. The park also has a large off-leash dog park, and plenty of open space for running and playing.

Kobayashi Park is a beautiful, tranquil park located in a residential area. It features a large grassy area, perfect for picnics and outdoor activities, as well as a playground and a pond with a fountain. The park also has a walking trail, benches, and a gazebo. The park is a great place to relax and enjoy the outdoors.

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University Place, Washington area median rent change by ZIP Code map

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How does University Place compare to other cities in Washington ?

citymedian price
Moses Lake$1,645
Ellensburg$1,850
Bainbridge Island$2,995
Arlington$2,565
Shoreline$2,322
Lake Tapps$2,615
Renton$2,525
Olympia$1,940
Burien$1,812

Average household income in University Place area graph - US Census

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The median household income in University Place in 2021 was $77,832. This represents a 30.7% change from 2011 when the median was $59,544.

#categorypercent
0Less than $10,0003.6%
1$10,000 to $14,9992.3%
2$15,000 to $19,9991.3%
3$20,000 to $24,9994.2%
4$25,000 to $29,9992.8%
5$30,000 to $34,9995.2%
6$35,000 to $39,9993.0%
7$40,000 to $44,9994.0%
8$45,000 to $49,9993.1%
9$50,000 to $59,9998.3%
10$60,000 to $74,99910.5%
11$75,000 to $99,99915.0%
12$100,000 to $124,99910.1%
13$125,000 to $149,9997.1%
14$150,000 to $199,9999.6%
15$200,000 or more9.8%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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