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 a population of 14,792, 5,245 total housing units (homes and apartments), and a median house value of $1,616,730, 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%).
West University Place's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West University Place during the period has been just 4.32%, which is lower than 80% of US communities.
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 2.93%, 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 0.14%, which equates to an annual appreciation rate of 0.57%.
Relative to Texas, our data show that West University Place's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.
$1,616,730
for Texas
for nation
5,245
$4,587 / per month