West University community heads directly west of the University of Oregon, home to thousands of university students. It has a lot of potential for the Eugene real estate market, given its strategic location and students’ fast movement in the University area.
Real Estate and Home Values
According to realtor.com, five for-sale houses are currently in West University. But refer to their website for more updates on the new listing of for-sale real estate. Also, there are presently 36 rentals here starting at $525 per month. According to redfin, as of September 2020, the median list price of a home here in West University is $550,000. Simultaneously, the median list price per square foot here is $457, with an average sale per list of 92%. Moreover, the median sale price here is $275,000, with a median sale price of $245 per square foot. Perhaps, since West University is near the University of Oregon, most houses are rented by students.
Population and Demographics
West University community has a total land area of only 0.335 square miles, with a total population of 7,119, as of the latest data available for 2020. However, its population density is more than the average figures for other neighboring communities and the entire city population density. The population density of the West University community is 11,905 people per square mile, implying an over triple the whole city’s population density and distributed to 3,661 people per square mile. Given its location adjacent to Oregon’s flagship university, most of the population are young adults with a median age of 21.8, which is 36% lower than Eugene.
Because a big chunk of the population is students, West University community residents’ median household income is only $10,672, which is 81% lower than the national average. Besides, over a fourth of the city-wide median household income of $44,859. Perhaps the income per capita here is $7,689, which is 74% lower than the national average with an unemployment rate of 6.2%.
According to the working population report, 41.6% of the top sources of livelihood or income are sales and office jobs, and service occupations from working in fast-food restaurants to significant sales accounts. At the same time, 33.8% of the neighborhood involves management, professional employment, and executive. While 14.9% are in technical support, assistant, and clerical works, 8.4% is manufacturing and laborer occupations.
Activities and Events
West University is home to West University Park. It is a 0.3 acres park in a convenient location adjacent to the University of Oregon. The park serves as a peaceful respite for the community, and its plaza serves as the gathering place for the West University Neighbors. They hold events like Nachos and Neighbors, where they gather together to meet their neighbors and be friends with them. The park has two rain gardens filter runoff from the plaza, while the large rocks and plants native to the southern Willamette Valley add to the natural beauty of the landscape.
West University has a great advantage near to the famous University of Oregon. For a decision to live in a community, especially for professors, college students, and young adults, it is worth your investment!