Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 14,792 people, 5,245 houses or apartments, and a median cost of homes of $1,499,837, West University Place house prices are not only among the most expensive in Texas, West University Place real estate also is some of the most expensive in all of America.
West University Place is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in West University Place than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West University Place. Owner-occupied housing accounts for 92.62% of West University Place's homes, and 76.25% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in West 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 West University Place built between 2000 and later ( 28.97%). A lesser amount of the housing stock also hails from before 1939 ( 14.65%). There's also some housing in West University Place built between 1940-1969 ( 9.73%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in West University Place, where house values have increased just 35.70%, which is annualized rate of 3.10%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, West University Place appreciation rates have trailed the rest of the nation. In the last twelve months, West University Place's appreciation rate has been -3.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West University Place were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that West University Place's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
$1,499,837
for Texas
for nation
5,245
$4,600 / per month