Tacoma, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tacoma Neighborhoods Since 2000




Tacoma, WA Real Estate Data


Tacoma Housing Market Information

With a population of 207,948, 78,761 total housing units (homes and apartments), and a median house value of $293,501, 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 62.70% of the city's housing units. Other types of housing that are prevalent in Tacoma include large apartment complexes or high rise apartments ( 26.28%), duplexes, homes converted to apartments or other small apartment buildings ( 8.09%), and a few row houses and other attached homes ( 2.54%).

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 49.61% owning and 50.39% 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 ( 28.54%). A lesser amount of the housing stock also hails from before 1939 ( 27.21%). There's also some housing in Tacoma built between 2000 and later ( 10.63%).

Tacoma Home Appreciation Rates

Tacoma's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tacoma during the period has been just -0.74%, which is lower than 70% of US communities.

Appreciation rates are so strong in Tacoma that despite a nationwide downturn in the housing market, Tacoma real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tacoma appreciation rates continue to be some of the highest in America, at 11.25%, which is higher than appreciation rates in 99.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tacoma. Tacoma appreciation rates in the latest quarter were at 4.49%, which equates to an annual appreciation rate of 19.19%.

Importantly, NeighborhoodScout’s exclusive research found that Tacoma's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Washington, our data show that Tacoma's latest annual appreciation rate is higher 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:
$293,501

Tacoma, WA HOME PRICES

Value Range
> $1,315,000 0.8
$987,001 - $1,315,000 0.8
$658,001 - $987,000 4.2
$526,001 - $658,000 4.6
$395,001 - $526,000 10.3
$263,001 - $395,000 28.7
$132,001 - $263,000 43.4
$66,001 - $132,000 4.4
$0 - $66,000 2.8

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
17.5147859694326 42.1985815602837

Number Of Homes And Apartments:
78,761

Rent & Ownership

 

Average Market Rent:
$1,465 / per month

Homeownership Rate

Homeownership
Owners 49.61
Renters 50.39
Vacant 8.82

Housing Market Details

 

Age of Homes

AGE OF Tacoma HOMES
2000 or Newer 10.6
1970 - 1999 33.6
1940 - 1969 28.5
1939 or Older 27.2

Types of Homes

TYPE OF Tacoma HOMES
Single-Family 62.7
Townhomes 2.5
Small Apt. Buildings 8.1
Apt. Complexes 26.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Tacoma HOMES
No Bedroom 4.04
1 Bedroom 15.53
2 Bedrooms 28.28
3 Bedrooms 33.82
4 Bedrooms 14.87
5 or more bedrooms 3.47

Tacoma Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
67.52% 3.08% 6 8
* 10 is highest