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University Place city, WA

ZIP 98466 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98466

Median Home Value
$564,400
Median Rent
$1,563
Affordability Snapshot
$155,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,626/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

30.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98466 in University Place city, WA, a household would need roughly $155,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,626. That is about 64% above the local median household income ($94,598), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
53.0%-19% vs US avg
x
Vacancy Rate
3.1%-70% vs US avg
x
Broadband Access
95.7%+10% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
3.8%-71% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
21.1%-57% vs US avg
x
Mortgage-Free
31.5%-18% vs US avg
x
$564,400
Home Value
$1,563
Rent
1975
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached51.8%
  • 1-unit attached6.4%
  • 2-9 units20.8%
  • 10+ units20.3%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$564,400
Median rent$1,563
Owner-occupied53.0%
Vacant3.1%
Price-to-income6.0x
Est. income to buy$155,000