Tacoma, Washington is quickly shedding its "second city" status and blossoming into a prime target for real estate investors. Often overshadowed by Seattle, this city is home to a stunning waterfront and vibrant arts scene. It boasts a thriving economy, rising demand for housing, and attractive entry points, which make it a potential goldmine for investors seeking stable income and capital appreciation.
Tacoma offers significantly lower housing costs compared to its booming neighbor. The median home price in Tacoma stands at roughly 25% less than Seattle's. This affordability attracts young professionals, families, and retirees seeking a more accessible Pacific Northwest home, creating a steady demand for rental and purchase options.
Tacoma's economy is also no longer solely reliant on its historic maritime industry. Diversification has brought thriving sectors like healthcare, manufacturing, and aerospace, thanks to major employers like Joint Base Lewis-McChord and MultiCare Health System. Up-and-coming neighborhoods like Hilltop and the Proctor District offer fixer-uppers for potential flips, while established areas like North Tacoma present charming bungalows ideal for long-term rentals. Investors can tap into this steady demand with strategically chosen properties near employment hubs or vibrant neighborhoods.
Popular Streets in Tacoma, Washington
D St86932$499,2223,489 Sq.Ft.6/5/2025G St1,03232$511,9192,383 Sq.Ft.5/28/2025I St93632$501,6721,945 Sq.Ft.6/9/2025J St1,14032$489,9933,086 Sq.Ft.6/3/2025L St91332$481,6292,262 Sq.Ft.6/4/2025M St99432$486,1841,854 Sq.Ft.6/7/2025Pacific Ave1,05832$452,4417,179 Sq.Ft.5/28/2025Sheridan Ave86632$493,2991,802 Sq.Ft.6/3/2025Tacoma Ave86432$533,1293,188 Sq.Ft.5/17/2025Yakima Ave92032$536,0163,012 Sq.Ft.6/10/2025All Streets in Tacoma, Washington
Vickery Ave31332$624,1051,998 Sq.Ft.5/22/2025Vickery E-S Of86-101 Ave1N/AN/A$420,0001,200 Sq.Ft.N/AViewmont St2642$663,2311,971 Sq.Ft.3/29/2025View Point Cir3143$721,3872,000 Sq.Ft.5/20/2025View Ridge Dr2243$801,3332,712 Sq.Ft.10/4/2024View St533$1,477,8004,016 Sq.Ft.5/26/2020Villard St18232$624,4291,602 Sq.Ft.5/28/2025Violet Meadow St14831$413,7881,341 Sq.Ft.6/11/2025Visscher St22932$546,3641,661 Sq.Ft.6/6/2025Vista Dr1143$999,5453,109 Sq.Ft.11/11/2022Vista Pl843$918,8753,022 Sq.Ft.7/26/2019Vista View Dr5043$1,207,3803,222 Sq.Ft.7/8/2024Waller Rd48332$630,5193,272 Sq.Ft.6/9/2025Walters Rd3032$604,6671,635 Sq.Ft.10/14/2024Wana Wana Pl1133$811,6362,357 Sq.Ft.8/10/2023Wan I Da Ave121$518,0001,446 Sq.Ft.N/AWan-I-Da St1N/AN/A$472,000507 Sq.Ft.7/1/2020Wapato Lake Dr3532$507,2061,855 Sq.Ft.11/1/2024Wapato St14932$432,8711,660 Sq.Ft.3/19/2025Warner St45342$521,8192,929 Sq.Ft.6/2/2025Washington St39732$675,2773,012 Sq.Ft.5/13/2025Wa Tau Ga Ave1443$888,7502,584 Sq.Ft.3/21/2024Watchtower Rd1543$1,357,6004,057 Sq.Ft.1/9/2025Waterfront Dr18N/AN/AN/A5,222 Sq.Ft.N/AWater St833$1,262,2503,383 Sq.Ft.5/25/2018Waterview St6333$1,106,0702,805 Sq.Ft.4/4/2022Way St131$666,0001,329 Sq.Ft.7/12/2005Westgate Blvd2332$583,3574,248 Sq.Ft.7/14/2023Westley Dr542$659,6002,093 Sq.Ft.12/20/2021West Rd2143$1,287,7336,346 Sq.Ft.3/25/2024Westridge Ave544$822,00039,585 Sq.Ft.1/21/2025West St2843$495,3931,682 Sq.Ft.8/31/2021Wheeler St8842$474,7902,779 Sq.Ft.4/11/2025White St232$1,164,0002,515 Sq.Ft.12/9/2021Whitman Rd222$781,000979 Sq.Ft.N/AWhitmans Cove Rd122$507,000924 Sq.Ft.N/AWhitman St22332$683,5141,816 Sq.Ft.1/28/2025Whittier St532$852,0002,053 Sq.Ft.8/25/2023Wild Rose St2133$544,0001,643 Sq.Ft.12/3/2021Wilkeson Rd1N/AN/AN/AN/A4/16/2021Wilkeson St26032$481,4732,081 Sq.Ft.3/20/2025Willow Lane Rd333$574,3332,540 Sq.Ft.9/27/2017Willow Ln2442$788,9582,848 Sq.Ft.1/16/2024Wilton Rd3232$723,0002,014 Sq.Ft.10/23/2024Winchester Dr2432$483,3041,390 Sq.Ft.1/7/2025Windom St2121$411,0001,167 Sq.Ft.3/31/2022Winnetka St2132$421,9051,161 Sq.Ft.2/14/2025Winnifred St25432$566,8551,555 Sq.Ft.5/12/2025Winona Ct1132$567,9091,349 Sq.Ft.10/31/2024Woodland Glen Dr484$866,5003,192 Sq.Ft.8/27/2021Woodlawn St11742$611,1473,035 Sq.Ft.5/21/2025Woodworth Ave2632$761,5773,265 Sq.Ft.3/15/2025Wright Ave24632$418,1811,834 Sq.Ft.5/31/2025Wright Bliss Rd1N/AN/AN/AN/A1/2/2014Xxx 100th St6N/AN/A$479,2501 Sq.Ft.5/21/2024Xxx 100th Street Ct3N/AN/A$431,5002,050 Sq.Ft.N/AXxx 101st St5N/AN/A$380,750N/A5/19/2025Xxx 102nd St3N/AN/A$400,000N/A4/1/1981Xxx 103rd St5N/AN/A$370,000N/A8/19/2020Xxx 104th St10N/AN/A$363,0001,008 Sq.Ft.5/16/2025Xxx 105th St2N/AN/A$414,000N/AN/AXxx 105th Street Ct1N/AN/AN/AN/AN/AXxx 106th St245$756,0003,238 Sq.Ft.9/22/2022Xxx 106th Street Ct1N/AN/AN/AN/AN/AXxx 107th St2N/AN/A$448,000N/A11/30/1998Xxx 108th St3N/AN/A$313,500N/A9/15/2015Xxx 109th St3N/AN/A$418,000640 Sq.Ft.5/3/2024Xxx 10th Ave2N/AN/AN/AN/A12/6/2016Xxx 10th Avenue Ct1N/AN/AN/AN/A1/20/2021Xxx 10th St5N/AN/A$387,0001 Sq.Ft.4/7/2021Xxx 110th St2N/AN/A$408,000N/A2/14/2025Xxx 111th St1N/AN/A$420,000N/AN/AXxx 112th St12N/AN/A$363,500N/A11/12/2024Xxx 113th St7N/AN/A$367,000N/A2/23/2023Xxx 114th St1N/AN/A$367,000N/A3/9/2022Xxx 115th St1N/AN/A$386,000N/AN/AXxx 115th Street Ct2N/AN/AN/AN/AN/AXxx 116th St4N/AN/A$424,000N/A7/2/2021Xxx 116th Street Ct3N/AN/A$350,000N/A12/6/2018Xxx 117th St4N/AN/A$386,333N/A1/10/2013Xxx 118th St3N/AN/A$335,500N/AN/AXxx 119th St2N/AN/A$351,000N/A9/6/2019Xxx 11th Ave6N/AN/A$318,250N/A11/15/2011Xxx 11th Avenue Ct4N/AN/AN/A1 Sq.Ft.1/1/2011Xxx 120th St11N/AN/A$362,5001 Sq.Ft.3/25/2024Xxx 121st St8N/AN/A$439,0001 Sq.Ft.7/9/2008Xxx 122nd St8N/AN/AN/A1 Sq.Ft.12/27/2022Xxx 122nd Street Ct2N/AN/A$361,000N/A6/14/2021Xxx 123rd St5N/AN/A$283,0001 Sq.Ft.5/29/2019Xxx 124th St9N/AN/AN/A1 Sq.Ft.N/AXxx 125th St5N/AN/A$351,5001,836 Sq.Ft.6/16/2015Xxx 126th St4N/AN/A$452,667930 Sq.Ft.5/2/2025Xxx 127th St1N/AN/AN/AN/A5/25/2018Xxx 127th Street Ct4N/AN/AN/A384 Sq.Ft.N/AXxx 128th St11N/AN/A$450,5006,958 Sq.Ft.3/3/2021Xxx 129th Avenue Ct1N/AN/A$360,000N/A7/28/2022Xxx 129th St9N/AN/A$527,333N/A4/30/2024Xxx 12th Ave12N/AN/A$461,000289 Sq.Ft.8/9/2024Xxx 12th St5N/AN/AN/AN/A3/7/2008Xxx 130th St1N/AN/A$339,000N/A11/5/2019231 Oak Meadows LnOakville, WA 98568
Estimated Value $595,000
Living Area 1,552 SqFt
Beds 3
Baths 2
Year Built 1992
Property Type Single Family
Ownership Type Multiple
APN 160526420030
Subdivision Oak Mdws
School District Oakville School District
30 Alfredson RdOakville, WA 98568
Estimated Value $640,000
Living Area 2,240 SqFt
Beds 3
Baths 2
Year Built 2019
Property Type Single Family
Ownership Type Related
APN 160524430020
Neighborhood
N/A
School District Oakville School District
86 Cedar Ridge LnOakville, WA 98568
Estimated Value $523,000
Living Area 1,809 SqFt
Beds 3
Baths 2
Year Built 1998
Property Type Manufactured Homes
Ownership Type Related
APN 160419430050
Subdivision Capitol Ridge
School District Oakville School District
610 Cedar St WOakville, WA 98568
Estimated Value $499,000
Living Area 2,872 SqFt
Beds 5
Baths 2
Year Built 1894
Property Type Single Family
Ownership Type Individual
APN 616043032005
Subdivision Oak
School District Oakville School District
223 Williams Creek RdOakville, WA 98568
Estimated Value $422,000
Living Area 1,316 SqFt
Beds 3
Baths 1.5
Year Built 1900
Property Type Single Family
Ownership Type Individual
APN 160521440020
Neighborhood
N/A
School District Oakville School District
112 Lewis RdOakville, WA 98568
Estimated Value $661,000
Living Area 1,972 SqFt
Beds 3
Baths 1.75
Year Built 1920
Property Type Timberland, Forest, Trees
Ownership Type Corporate
APN 160521140000
Neighborhood
N/A
School District Oakville School District
719 Cedar St WOakville, WA 98568
Estimated Value $230,000
Living Area 1,040 SqFt
Beds 2
Baths 1
Year Built 1984
Property Type Single Family
Ownership Type Individual
APN 160430320020
Neighborhood
N/A
School District Oakville School District
21 Cedarville Gardens LnOakville, WA 98568
Estimated Value $876,000
Living Area 3,083 SqFt
Beds 4
Baths 2.75
Year Built 1986
Property Type Agricultural / Rural
Ownership Type Related
APN 717525600001
Subdivision Cedarville Garden
School District Oakville School District
105 W Eagle StOakville, WA 98568
Estimated Value $368,000
Living Area 1,228 SqFt
Beds 3
Baths 2.5
Year Built 2006
Property Type Single Family
Ownership Type Multiple
APN 082000601300
Subdivision Fitzgerald
School District Oakville School District
519 Williams Creek RdOakville, WA 98568
Estimated Value $210,000
Living Area 671 SqFt
Beds 2
Baths 1.75
Year Built 2015
Property Type Cabin/Vacation Residence
Ownership Type Individual
APN 160520320060
Subdivision Williams Creek Estates
School District Oakville School District
16 Cedar Ridge LnOakville, WA 98568
Estimated Value $632,000
Living Area 2,112 SqFt
Beds 4
Baths 1.75
Year Built 2006
Property Type Single Family
Ownership Type Related
APN 160419410050
Subdivision Capitol Ridge
School District Oakville School District
48 Bennett LnOakville, WA 98568
Estimated Value $498,000
Living Area 1,504 SqFt
Beds 3
Baths 2
Year Built 2016
Property Type Single Family
Ownership Type Individual
APN 741000001500
Subdivision Cedarville Fosters
School District Oakville School District
192 Elma Gate Rd WOakville, WA 98568
Estimated Value $655,000
Living Area 1,196 SqFt
Beds 2
Baths 1
Year Built 1997
Property Type Single Family
Ownership Type Individual
APN 160524220010
Neighborhood
N/A
School District Oakville School District
415 W Grace StOakville, WA 98568
Estimated Value $386,000
Living Area 1,512 SqFt
Beds 3
Baths 2
Year Built 2008
Property Type Manufactured Homes
Ownership Type Multiple
APN 084500101501
Subdivision Smiths Garden
School District Oakville School District
88 Langabeer RdOakville, WA 98568
Estimated Value $952,000
Living Area 4,680 SqFt
Beds 4
Baths 3
Year Built 1970
Property Type Single Family
Ownership Type Individual
APN 160516140000
Neighborhood
N/A
School District Oakville School District
1609 S Bank RdOakville, WA 98568
Estimated Value $604,000
Living Area 4,030 SqFt
Beds 5
Baths 3
Year Built 1980
Property Type Agricultural / Rural
Ownership Type Related
APN 160515120030
Neighborhood
N/A
School District Oakville School District