menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



West University Place, TX Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

West University Place, TX Housing Market Trends

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%).

West University Place Home Appreciation Rates

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.

Average Home Values

Median Home Value

$1,499,837

West University Place, TX Home Prices
> $1,079,000
$810,001 - $1,079,000
$540,001 - $810,000
$432,001 - $540,000
$324,001 - $432,000
$216,001 - $324,000
$108,001 - $216,000
$54,001 - $108,000
$0 - $54,000
73.6%
73.6%
11.5%
11.5%
5.7%
5.7%
4.2%
4.2%
2.4%
2.4%
2.1%
2.1%
0.3%
0.3%
0.0%
0.0%
0.1%
0.1%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

5,245

West University Place Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,600 / per month

Homeownership Rate

Owners
Renters
92.6%
92.6%
7.4%
7.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.0%
3.0%
97.0%
97.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.0%
29.0%
46.7%
46.7%
9.7%
9.7%
14.7%
14.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
96.3%
96.3%
3.2%
3.2%
0.1%
0.1%
0.3%
0.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
0.7%
0.7%
7.5%
7.5%
23.9%
23.9%
52.3%
52.3%
13.6%
13.6%
0% 100.0%
% of Homes