West University Place, TX


Highest Appreciating West University Place Neighborhoods Since 2000

West University Place, TX Real Estate Data

West University Place Housing Market Information

With 15,741 people, 5,532 houses or apartments, and a median cost of homes of $1,046,265, 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 87.44% of West University Place's homes, and 69.60% 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 before 1939 ( 19.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.21%). There's also some housing in West University Place built between 1940-1969 ( 15.34%).

West University Place Home Appreciation Rates

In the last 10 years, West University Place has experienced some of the highest home appreciation rates of any community in the nation. West University Place real estate appreciated 57.29% over the last ten years, which is an average annual home appreciation rate of 4.63%, putting West University Place in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, West University Place definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 2.03%, 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 0.55%, which equates to an annual appreciation rate of 2.22%.

Relative to Texas, our data show that West University Place's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values


Median Home Value:

West University Place, TX HOME PRICES

Value Range
> $1,238,000 23.2
$928,001 - $1,238,000 27.1
$619,001 - $928,000 21.2
$495,001 - $619,000 5.6
$371,001 - $495,000 1.5
$247,001 - $371,000 3.3
$124,001 - $247,000 3.5
$62,001 - $124,000 0.9
$0 - $62,000 1.7

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
0.925817414742763 0.680933852140078

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$2,645 / per month

Homeownership Rate

Owners 87.44
Renters 12.56
Vacant 5.52

Housing Market Details


Age of Homes

AGE OF West University Place HOMES
2000 or Newer 18.2
1970 - 1999 46.9
1940 - 1969 15.3
1939 or Older 19.6

Types of Homes

TYPE OF West University Place HOMES
Single-Family 93.9
Townhomes 4.7
Small Apt. Buildings 0.3
Apt. Complexes 0.4
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF West University Place HOMES
No Bedroom 0.41
1 Bedroom 0.89
2 Bedrooms 14.40
3 Bedrooms 27.45
4 Bedrooms 42.15
5 or more bedrooms 14.71

West University Place Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
123.47% 4.77% 10 10
* 10 is highest