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
Xxx 130th Street Ct1N/AN/A$369,000N/AN/AXxx 131st St3N/AN/A$385,500N/A4/22/2013Xxx 131st Street Ct2N/AN/AN/AN/A4/20/2022Xxx 132nd St63N/A$270,000512 Sq.Ft.9/11/2023Xxx 132nd Street Ct3N/AN/AN/AN/AN/AXxx 133rd St2N/AN/A$352,500N/AN/AXxx 134th St1N/AN/A$346,000N/A11/20/2024Xxx 134th Street Ct1N/AN/AN/AN/AN/AXxx 135th St2N/AN/AN/AN/A6/12/2012Xxx 136th St5N/AN/A$412,0001,440 Sq.Ft.12/2/2019Xxx 136th Street Ct4N/AN/A$308,333N/AN/AXxx 137th St2N/AN/A$391,500N/A3/5/2025Xxx 138th St8N/AN/A$388,5002,472 Sq.Ft.12/3/2018Xxx 139th St1N/AN/AN/AN/AN/AXxx 139th Street Ct2N/AN/A$439,5003,000 Sq.Ft.N/AXxx 13th Ave4N/AN/A$451,0001 Sq.Ft.6/28/2016Xxx 13th Avenue Ct5N/AN/A$421,0001 Sq.Ft.6/21/2023Xxx 13th Street Ct1N/AN/AN/AN/AN/AXxx 140th Street Ct1N/AN/A$741,0001 Sq.Ft.N/AXxx 141st St4N/AN/A$476,000N/A4/5/2019Xxx 142nd Ave132$416,0001,491 Sq.Ft.3/12/2025Xxx 143rd St1N/AN/AN/AN/A7/14/2020Xxx 144th St36N/AN/AN/AN/AN/AXxx 144th Street Ct4N/AN/AN/AN/AN/AXxx 145th St3N/AN/A$269,6671,632 Sq.Ft.7/12/2013Xxx 145th Street Ct3N/AN/A$499,500N/A12/28/2010Xxx 146th St2N/AN/AN/AN/A7/10/2019Xxx 146th Street Ct3N/AN/AN/AN/A11/10/2021Xxx 148th St3N/AN/A$317,333N/A2/4/2020Xxx 148th Street Ct1N/AN/AN/AN/A8/26/2020Xxx 149th Street Ct1N/AN/A$117,000N/AN/AXxx 14th Ave4N/AN/A$412,000384 Sq.Ft.N/AXxx 14th Avenue Ct2N/AN/A$302,000N/A3/9/2000Xxx 151st St4N/AN/AN/AN/AN/AXxx 152nd St4N/AN/A$391,333N/A11/24/2003Xxx 153rd St2N/AN/A$359,000N/A3/4/2025Xxx 154th St1N/AN/A$378,000N/A1/5/2022Xxx 156th St5N/AN/AN/AN/A8/2/2023Xxx 157th St4N/AN/A$309,000N/A1/30/2017Xxx 158th St1N/AN/AN/AN/A10/24/2013Xxx 158th Street Ct1N/AN/A$294,000N/AN/AXxx 159th St2N/AN/AN/AN/A10/29/2013Xxx 159th Street Ct1N/AN/AN/AN/AN/AXxx 15th Ave1N/AN/A$557,000N/AN/AXxx 15th Avenue Ct1N/AN/AN/AN/AN/AXxx 160th St2N/AN/A$411,000N/AN/AXxx 161st St1N/AN/AN/AN/AN/AXxx 162nd Street Ct1N/AN/AN/AN/AN/AXxx 163rd St3N/AN/A$194,000N/A12/12/2024Xxx 16th Ave6N/AN/A$441,0001 Sq.Ft.6/11/2019Xxx 16th Avenue Ct1N/AN/A$376,0001,056 Sq.Ft.5/13/2024Xxx 16th Street Ct1N/AN/AN/AN/AN/AXxx 170th St3N/AN/AN/AN/AN/AXxx 172nd St1N/AN/AN/AN/A1/3/2012Xxx 172nd Street Ct1N/AN/AN/AN/AN/AXxx 173rd St1N/AN/AN/AN/A9/29/2005Xxx 174th St2N/AN/A$410,000N/A11/9/2023Xxx 176th St1N/AN/A$402,000N/A12/28/2021Xxx 177th St2N/AN/AN/AN/A9/23/2019Xxx 17th Ave533$544,6672,926 Sq.Ft.4/27/2020Xxx 17th Avenue Ct1N/AN/AN/AN/A8/24/2021Xxx 183rd Street Ct1N/AN/A$407,000N/AN/AXxx 185th Street Ct1N/AN/AN/AN/AN/AXxx 187th Street Ct1N/AN/AN/AN/AN/AXxx 188th St2N/AN/A$360,500N/A4/9/2024Xxx 18th Ave7N/AN/A$385,750N/A10/13/2020Xxx 18th Avenue Ct3N/AN/A$288,000N/A12/12/2006Xxx 18th St3N/AN/A$554,500N/A4/4/2013Xxx 190th Street Ct1N/AN/AN/AN/AN/AXxx 198th Ave1N/AN/AN/AN/A4/1/2015Xxx 19th Avenue Ct5N/AN/AN/AN/A7/8/2022Xxx 19th St3N/AN/AN/AN/AN/AXxx 19th Street Ct2N/AN/AN/AN/AN/AXxx 1st Avenue Ct4N/AN/AN/AN/AN/AXxx 202nd St1N/AN/AN/AN/AN/AXxx 20th Ave1N/AN/AN/AN/AN/AXxx 20th Avenue Ct3N/AN/AN/AN/A9/3/2019Xxx 21st Ave2N/AN/AN/AN/AN/AXxx 21st Avenue Ct2N/AN/AN/AN/AN/AXxx 21st St2N/AN/AN/AN/AN/AXxx 229th St1N/AN/AN/AN/AN/AXxx 22nd Ave6N/AN/A$428,000N/A9/7/2023Xxx 22nd Avenue Ct6N/AN/A$620,000960 Sq.Ft.9/20/2013Xxx 22nd Street Ct2N/AN/AN/AN/AN/AXxx 23rd Ave3N/AN/AN/AN/A9/30/2020Xxx 23rd St2N/AN/AN/AN/A11/12/2020Xxx 24th Ave5N/AN/A$504,0001 Sq.Ft.N/AXxx 24th St1N/AN/AN/AN/AN/AXxx 252nd St1N/AN/AN/AN/AN/AXxx 25th Ave15N/AN/A$388,500692 Sq.Ft.7/19/2024Xxx 25th Avenue Ct1N/AN/A$292,000N/A2/13/2013Xxx 26th Ave5N/AN/A$431,333N/A12/17/2019Xxx 26th Avenue Ct1N/AN/AN/AN/AN/AXxx 272nd St1N/AN/AN/AN/AN/AXxx 27th Ave1N/AN/AN/AN/AN/AXxx 27th St3N/AN/A$553,000N/AN/AXxx 28th Ave4N/AN/A$340,000N/A10/19/2018Xxx 296th St2N/AN/A$348,000N/AN/AXxx 29th Ave4N/AN/AN/AN/AN/AXxx 29th St2N/AN/A$472,0002,415 Sq.Ft.9/16/2019305 S Newton StOakville, WA 98568
Estimated Value $334,000
Living Area 1,368 SqFt
Beds 3
Baths 2.5
Year Built 1981
Property Type Single Family
Ownership Type Individual
APN 083501400700
Subdivision City Of Oakville
School District Oakville School District
294 Elma Gate Rd WOakville, WA 98568
Estimated Value $441,000
Living Area 1,782 SqFt
Beds 3
Baths 2
Year Built 2003
Property Type Manufactured Homes
Ownership Type Related
APN 160523110010
Neighborhood
N/A
School District Oakville School District
1087 S Bank RdOakville, WA 98568
Estimated Value $1,208,000
Living Area 5,424 SqFt
Beds 3
Baths 2
Year Built 1913
Property Type Agricultural / Rural
Ownership Type Multiple
APN 170533310010
Neighborhood
N/A
School District Elma School District
101 Riding RdOakville, WA 98568
Estimated Value $668,000
Living Area 1,869 SqFt
Beds 3
Baths 3
Year Built 2008
Property Type Single Family
Ownership Type Related
APN 170529430040
Neighborhood
N/A
School District Elma School District
29 Downey LnOakville, WA 98568
Estimated Value $449,000
Living Area 1,680 SqFt
Beds 3
Baths 2
Year Built 1997
Property Type Single Family
Ownership Type Multiple
APN 160513220050
Subdivision Claim 37-Division 02
School District Oakville School District
212 Park StOakville, WA 98568
Estimated Value $374,000
Living Area 1,702 SqFt
Beds 2
Baths 1.75
Year Built 1925
Property Type Single Family
Ownership Type Related
APN 616043034004
Subdivision Oak
School District Oakville School District
5875 Us Highway 12Oakville, WA 98568
Estimated Value $520,000
Living Area 1,200 SqFt
Beds 2
Baths 3
Year Built 1983
Property Type Manufactured Homes
Ownership Type Related
APN 170534220010
Neighborhood
N/A
School District Elma School District
815 Cedar St WOakville, WA 98568
Estimated Value $381,000
Living Area 2,528 SqFt
Beds 3
Baths 3
Year Built 1979
Property Type Single Family
Ownership Type Individual
APN 160430230050
Neighborhood
N/A
School District Oakville School District
40 Bennett LnOakville, WA 98568
Estimated Value $553,000
Living Area 2,292 SqFt
Beds 4
Baths 2.5
Year Built 2006
Property Type Single Family
Ownership Type Related
APN 741000001600
Subdivision Cedarville Fosters
School District Oakville School District
295 Elma Gate Rd WOakville, WA 98568
Estimated Value $376,000
Living Area 1,482 SqFt
Beds 2
Baths 1.75
Year Built 1927
Property Type Single Family
Ownership Type Related
APN 160523110020
Neighborhood
N/A
School District Oakville School District
1924 S Bank RdOakville, WA 98568
Estimated Value $495,000
Living Area 1,920 SqFt
Beds 4
Baths 2
Year Built 1996
Property Type Single Family
Ownership Type Related
APN 160523340030
Subdivision Oak Mdws
School District Oakville School District
30 Cedar Creek RdOakville, WA 98568
Estimated Value $680,000
Living Area 1,918 SqFt
Beds 3
Baths 2
Year Built 1998
Property Type Single Family
Ownership Type Related
APN 160514110040
Subdivision 85-08
School District Oakville School District
2110 S Bank RdOakville, WA 98568
Estimated Value $522,000
Living Area 1,032 SqFt
Beds 2
Baths 2
Year Built 2008
Property Type Single Family
Ownership Type Related
APN 160526440060
Subdivision Grays Hbr Cntry Large Lt 200
School District Oakville School District
318 Langabeer RdOakville, WA 98568
Estimated Value $669,000
Living Area 2,112 SqFt
Beds 4
Baths 2
Year Built 2007
Property Type Single Family
Ownership Type Individual
APN 160516230010
Subdivision Boundary Line Adjustment
School District Oakville School District
6101 Us Highway 12Oakville, WA 98568
Estimated Value $582,000
Living Area 1,336 SqFt
Beds 3
Baths 2
Year Built 1939
Property Type Single Family
Ownership Type Individual
APN 160503130020
Neighborhood
N/A
School District Oakville School District
415 S Allen StOakville, WA 98568
Estimated Value $219,000
Living Area 840 SqFt
Beds 2
Baths 1
Year Built 1972
Property Type Manufactured Homes
Ownership Type Individual
APN 083501800900
Subdivision City Of Oakville
School District Oakville School District