Tacoma, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



Map Loading GIF Please wait, loading your map...

Highest
Lowest




Tacoma, WA Real Estate Data

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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Tacoma Housing Market Information

With a population of 213,418, 82,016 total housing units (homes and apartments), and a median house value of $296,103, Tacoma real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tacoma, accounting for 62.24% of the city's housing units. Other types of housing that are prevalent in Tacoma include large apartment complexes or high rise apartments ( 26.50%), duplexes, homes converted to apartments or other small apartment buildings ( 7.66%), and a few row houses and other attached homes ( 3.20%).

The most prevalent building size and type in Tacoma are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.37% owning and 49.63% renting.

There is a lot of housing in Tacoma 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 Tacoma built between 1940-1969 ( 28.38%). A lesser amount of the housing stock also hails from before 1939 ( 26.83%). There's also some housing in Tacoma built between 2000 and later ( 11.27%).

Tacoma Home Appreciation Rates

Appreciation rates for homes in Tacoma have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 27.45%, which ranks in the top 30% nationwide. This equates to an annual average Tacoma house appreciation rate of 2.45%.

NeighborhoodScout's data show that during the latest twelve months, Tacoma's appreciation rate, at 5.17%, has been at or slightly above the national average. In the latest quarter, Tacoma's appreciation rate has been -0.23%, which annualizes to a rate of -0.93%.

Relative to Washington, our data show that Tacoma's latest annual appreciation rate is lower than 70% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tacoma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tacoma - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Tacoma real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$296,103

Tacoma, WA HOME PRICES

Value Range
> $1,442,000 0.9
$1,081,001 - $1,442,000 1.1
$721,001 - $1,081,000 5.5
$577,001 - $721,000 6.4
$433,001 - $577,000 14.9
$288,001 - $433,000 30.9
$144,001 - $288,000 34.2
$72,001 - $144,000 3.8
$0 - $72,000 2.2

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
19.7605839416058 53.0035335689046

Number Of Homes And Apartments:
82,016

Tacoma Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
119.50% 4.17%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,780 / per month

Homeownership Rate

Homeownership
Owners 50.37
Renters 49.63
Vacant 8.31

Housing Market Details

 

Age of Homes

AGE OF Tacoma HOMES
2000 or Newer 11.3
1970 - 1999 33.5
1940 - 1969 28.4
1939 or Older 26.8

Types of Homes

TYPE OF Tacoma HOMES
Single-Family 62.2
Townhomes 3.2
Small Apt. Buildings 7.7
Apt. Complexes 26.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Tacoma HOMES
No Bedroom 4.06
1 Bedroom 15.44
2 Bedrooms 28.18
3 Bedrooms 34.66
4 Bedrooms 14.04
5 or more bedrooms 3.62