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Real Estate Prices & Overview

University Place Southeast median real estate price is $613,339, which is more expensive than 52.0% of the neighborhoods in Washington and 75.6% of the neighborhoods in the U.S.

The average rental price in University Place Southeast is currently $2,155, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.1% of Washington neighborhoods.

University Place Southeast is an urban neighborhood (based on population density) located in University Place, Washington.

University Place Southeast real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the University Place Southeast neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in University Place Southeast are 4.4%, which is lower than one will find in 71.0% of American neighborhoods. Demand for real estate in University Place Southeast is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

The University Place Southeast neighborhood has a greater proportion of government workers living in it than 95.7% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Furthermore, with 1.6% of employed workers living in the University Place Southeast neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.5% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Diversity

Did you know that the University Place Southeast neighborhood has more Jamaican and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Jamaican ancestry and 1.8% have Ukrainian ancestry.

University Place Southeast is also pretty special linguistically. Significantly, 7.2% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the University Place Southeast neighborhood in University Place are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 63.9% of the neighborhoods in America. In addition, 8.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 54.4% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the University Place Southeast neighborhood, 35.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 30.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.1%), and 15.6% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the University Place Southeast neighborhood is English, spoken by 77.4% of households. Other important languages spoken here include Korean, Spanish, Vietnamese and Russian.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the University Place Southeast neighborhood in University Place, WA, residents most commonly identify their ethnicity or ancestry as Asian (16.9%). There are also a number of people of German ancestry (16.2%), and residents who report English roots (7.8%), and some of the residents are also of Irish ancestry (7.7%), along with some Norwegian ancestry residents (4.7%), among others. In addition, 16.0% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in University Place Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (54.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (71.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (13.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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