Market Summary

University Place, Pierce County, WA

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Median Home Price Price

$640,304 $640.3K

Median Monthly Rent Rent

$1,948 $1.9K

GRM

27.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Pierce County

Region Price Rent GRM Display
$552,686 $2,605 18.0x
$478,278 $1,919 21.0x
$637,886 $2,082 25.0x
$660,586 $2,662 21.0x
$658,499 $2,187 25.0x
$716,153 $2,246 26.0x
$615,381 $2,123 24.0x
$545,710 $2,206 21.0x
$502,264 $2,004 21.0x
$569,216 $2,222 21.0x
$550,262 $2,610 18.0x
$584,473 $2,165 22.0x
$604,450 $2,232 22.0x
$554,993 $2,276 20.0x

Home prices

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Monthly rent

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GRM

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Similar markets within WA outside of Pierce County

Region Price Rent GRM Display
$588,694 $2,216 22.0x
$662,603 $2,221 25.0x
$733,086 $2,524 24.0x
$594,518 $1,846 27.0x
$691,090 $2,157 27.0x
$521,409 $2,241 19.0x
$779,344 $2,710 24.0x
$634,669 $2,220 24.0x
$623,643 $2,222 23.0x
$637,691 $2,005 26.0x
$592,391 $2,432 20.0x
$731,854 $2,344 26.0x
$579,697 $2,118 23.0x
$568,857 $2,233 21.0x
$553,180 $2,233 21.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of WA

Region Price Rent GRM Display
$417,016 $2,050 17.0x
$504,033 $2,025 21.0x
$529,295 $1,958 23.0x
$1,068,070 $1,868 48.0x
$369,114 $1,856 16.0x
$615,558 $1,924 27.0x
$731,410 $2,271 27.0x
$555,801 $2,093 22.0x
$620,122 $1,935 27.0x
$703,826 $2,614 22.0x
$520,484 $1,976 22.0x
$484,318 $1,890 21.0x
$750,817 $2,725 23.0x
$267,635 $2,084 11.0x
$783,603 $2,876 23.0x
$506,712 $2,016 21.0x
$407,044 $1,495 23.0x
$659,893 $1,945 28.0x
$523,253 $1,992 22.0x

Home prices

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Monthly rent

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GRM

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University Place

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Trend Insights

Median Rent in University Place, WA is $1,948, with MoM change +$12 and YoY change +$48 pointing to positive momentum while volatility is low (std $10).

Benchmark Markets Side by Side

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Metric
Base market University Place, WA
Compare market Select a market
Delta vs base
Median rent
$1,948
N/A
Median price
$640,304
N/A
YoY change
+$48
N/A
Price-to-rent
27.4x
Data unavailable
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