Tacoma, WA

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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 Q2 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 $298,183, 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

In the last 10 years, Tacoma has experienced some of the highest home appreciation rates of any community in the nation. Tacoma real estate appreciated 36.51% over the last ten years, which is an average annual home appreciation rate of 3.16%, putting Tacoma in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tacoma 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, Tacoma appreciation rates have trailed the rest of the nation. In the last twelve months, Tacoma's appreciation rate has been -1.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tacoma were at 0.25%, which equates to an annual appreciation rate of 1.01%.

Relative to Washington, our data show that Tacoma's latest annual appreciation rate is lower than 80% 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:


Value Range
> $1,452,000 0.8
$1,089,001 - $1,452,000 1.2
$726,001 - $1,089,000 5.0
$581,001 - $726,000 5.7
$436,001 - $581,000 13.4
$290,001 - $436,000 30.5
$145,001 - $290,000 37.1
$73,001 - $145,000 4.1
$0 - $73,000 2.1

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
19.9240875912409 53.356890459364

Number Of Homes And Apartments:

Tacoma Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
121.02% 4.15%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,810 / per month

Homeownership Rate

Owners 50.37
Renters 49.63
Vacant 8.31

Housing Market Details


Age of Homes

2000 or Newer 11.3
1970 - 1999 33.5
1940 - 1969 28.4
1939 or Older 26.8

Types of 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

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