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 2nd Avenue Ct2N/AN/A$446,000N/A8/14/2017Xxx 2nd St1N/AN/A$344,000N/A11/21/2000Xxx 2nd Street Ct2N/AN/A$355,000N/A7/5/2018Xxx 30th Ave9N/AN/A$220,000635 Sq.Ft.9/20/2023Xxx 30th St2N/AN/A$464,000N/AN/AXxx 313th Street Ct1N/AN/AN/AN/AN/AXxx 31st Ave1N/AN/AN/AN/AN/AXxx 31st St1N/AN/AN/AN/AN/AXxx 320th St1N/AN/AN/AN/AN/AXxx 322nd St1N/AN/AN/AN/A9/23/2021Xxx 32nd Ave2N/AN/A$397,000N/A9/15/1995Xxx 32nd St1N/AN/A$546,000N/A5/18/2016Xxx 33rd St1N/AN/A$285,000N/AN/AXxx 34th Ave5N/AN/A$294,000N/A11/27/2024Xxx 34th Street Ct1N/AN/A$458,000N/A7/30/2004Xxx 356th Street Ct1N/AN/AN/AN/AN/AXxx 359th St1N/AN/AN/AN/AN/AXxx 35th Ave1N/AN/A$406,000N/A6/7/2024Xxx 36th Ave442$541,500865 Sq.Ft.8/29/2018Xxx 36th Avenue Ct1N/AN/AN/AN/AN/AXxx 37th Ave2N/AN/AN/AN/AN/AXxx 387th St1N/AN/AN/AN/AN/AXxx 38th Ave732$442,3331,480 Sq.Ft.1/2/2020Xxx 38th Avenue Ct1N/AN/AN/AN/A4/13/2003Xxx 390th St1N/AN/AN/AN/AN/AXxx 39th Ave1N/AN/A$291,000N/A6/14/2000Xxx 3rd Ave1N/AN/AN/AN/A1/25/2021Xxx 3rd Avenue Ct1N/AN/A$437,000N/AN/AXxx 40th Ave9N/AN/A$450,333675 Sq.Ft.7/6/2022Xxx 40th St3N/AN/A$367,000N/A10/9/2024Xxx 41st Ave2N/AN/A$698,000N/AN/AXxx 41st St4N/AN/AN/AN/AN/AXxx 42nd Ave5N/AN/A$314,5001,708 Sq.Ft.8/23/2018Xxx 42nd Avenue Ct1N/AN/A$406,000N/AN/AXxx 42nd St2N/AN/A$332,5001 Sq.Ft.9/19/2002Xxx 437th St1N/AN/AN/AN/AN/AXxx 43rd Ave3N/AN/A$281,500N/A11/22/2021Xxx 44th Ave14N/AN/A$425,2861,440 Sq.Ft.1/28/2025Xxx 44th Avenue Ct1N/AN/A$273,0001 Sq.Ft.3/28/2012Xxx 44th St5N/AN/AN/AN/A4/20/2018Xxx 45th Ave2N/AN/A$292,000N/A1/8/2003Xxx 45th St3N/AN/A$334,000N/AN/AXxx 46th Ave3N/AN/A$157,000N/A8/28/2017Xxx 46th Avenue Ct4N/AN/A$457,667N/A7/10/2024Xxx 46th St1N/AN/AN/AN/A7/17/2015Xxx 46th Street Ct2N/AN/AN/AN/AN/AXxx 47th Ave7N/AN/A$523,0001,101 Sq.Ft.10/14/2008Xxx 47th St1N/AN/AN/AN/AN/AXxx 48th Ave2N/AN/A$373,000N/AN/AXxx 48th St1N/AN/AN/AN/AN/AXxx 497th St5N/AN/A$317,000N/AN/AXxx 49th Ave5N/A2$351,0001,280 Sq.Ft.6/16/1995Xxx 49th Avenue Ct232N/A1,583 Sq.Ft.N/AXxx 49th St5N/AN/AN/AN/A1/9/2014Xxx 4th Ave2N/AN/A$332,000N/A10/12/2004Xxx 4th Avenue Ct1N/AN/AN/AN/AN/AXxx 50th Ave21N/AN/A$420,000N/A12/7/2023Xxx 510th Street Ct2N/AN/AN/AN/AN/AXxx 51st Ave2N/AN/AN/AN/A10/11/2022Xxx 51st Avenue Ct3N/AN/AN/AN/A6/15/2020Xxx 51st St342$651,0001,728 Sq.Ft.N/AXxx 51st Street Ct2N/AN/A$375,000N/A10/28/2020Xxx 524th St3N/AN/AN/AN/AN/AXxx 52nd Ave2N/AN/A$362,000N/A1/7/2019Xxx 52nd Avenue Ct1N/AN/AN/AN/AN/AXxx 52nd St342$559,0001,728 Sq.Ft.8/2/2016Xxx 53rd Ave775$1,310,0006,693 Sq.Ft.3/5/2021Xxx 53rd Avenue Ct2N/AN/AN/AN/A11/11/2015Xxx 53rd St3N/AN/AN/AN/AN/AXxx 53rd Street Ct1N/AN/AN/AN/AN/AXxx 54th St1N/AN/AN/AN/AN/AXxx 56th Ave1N/AN/A$390,000N/AN/AXxx 56th St2N/AN/AN/AN/AN/AXxx 56th Street Ct2N/AN/A$500,500N/AN/AXxx 57th Ave1N/AN/AN/AN/AN/AXxx 57th Street Ct1N/AN/AN/AN/AN/AXxx 58th Ave7N/AN/A$544,500576 Sq.Ft.4/9/2025Xxx 58th Street Ct2N/AN/A$491,000N/A1/1/2011Xxx 59th Avenue Ct2N/AN/AN/AN/A2/16/2005Xxx 5th Ave2N/AN/A$353,000N/AN/AXxx 5th Avenue Ct1N/AN/AN/AN/A2/22/2008Xxx 60th St1N/AN/A$496,000N/A11/30/2022Xxx 61st Ave2N/AN/A$542,000N/A12/9/2011Xxx 61st St1N/AN/AN/AN/AN/AXxx 61st Street Ct2N/AN/AN/AN/AN/AXxx 62nd Ave733$504,1432,430 Sq.Ft.9/17/2020Xxx 62nd St2N/AN/A$366,500N/A9/30/2005Xxx 63rd Ave1N/AN/A$463,000N/AN/AXxx 63rd St1N/AN/AN/AN/AN/AXxx 64th Ave2N/AN/AN/AN/AN/AXxx 64th St4N/AN/A$443,500N/A7/2/2020Xxx 65th Ave1N/AN/A$470,000N/A1/14/2011Xxx 65th Street Ct1N/AN/AN/AN/A9/5/2017Xxx 66th Ave4N/AN/A$300,667N/A4/19/2010Xxx 66th Street Ct1N/AN/A$407,0001 Sq.Ft.N/AXxx 67th Ave1N/AN/AN/AN/AN/AXxx 6th Ave4N/AN/A$328,000N/A3/29/2018Xxx 70th Ave1N/AN/AN/AN/A6/27/2001Xxx 72nd St5N/AN/A$447,000N/A8/18/2020Xxx 73rd Street Ct1N/AN/A$514,000N/AN/A32 Russell RdOakville, WA 98568
Estimated Value $707,000
Living Area 2,728 SqFt
Beds 4
Baths 2.5
Year Built 1991
Property Type Single Family
Ownership Type Related
APN 170533220050
Subdivision Grays Harbor County Short
School District Elma School District
66 Cedar Ridge LnOakville, WA 98568
Estimated Value $688,000
Living Area 3,700 SqFt
Beds 3
Baths 4
Year Built 2001
Property Type Single Family
Ownership Type Related
APN 160419430030
Subdivision Capitol Ridge
School District Oakville School District
109 Oak Meadows LnOakville, WA 98568
Estimated Value $587,000
Living Area 1,380 SqFt
Beds 3
Baths 2
Year Built 1978
Property Type Single Family
Ownership Type Individual
APN 160526220080
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
83 Alfredson RdOakville, WA 98568
Estimated Value $706,000
Living Area 1,556 SqFt
Beds 3
Baths 2
Year Built 1976
Property Type Single Family
Ownership Type Related
APN 160419320010
Neighborhood
N/A
School District Oakville School District
116 Riding RdOakville, WA 98568
Estimated Value $721,000
Living Area 1,584 SqFt
Beds 3
Baths 2
Year Built 1981
Property Type Agricultural / Rural
Ownership Type Individual
APN 170529340010
Neighborhood
N/A
School District Elma 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
26 Fisher RdOakville, WA 98568
Estimated Value $260,000
Living Area 720 SqFt
Beds 1
Baths 1.75
Year Built 1993
Property Type Single Family
Ownership Type Individual
APN 160430210020
Neighborhood
N/A
School District Oakville School District
6 Langabeer RdOakville, WA 98568
Estimated Value $648,000
Living Area 2,752 SqFt
Beds 5
Baths 2.5
Year Built 2005
Property Type Single Family
Ownership Type Individual
APN 160515230040
Neighborhood
N/A
School District Oakville School District
123 Norton RdOakville, WA 98568
Estimated Value $619,000
Living Area 1,768 SqFt
Beds 3
Baths 2
Year Built 1927
Property Type Agricultural / Rural
Ownership Type Individual
APN 160522210000
Neighborhood
N/A
School District Oakville School District
31 Alfredson RdOakville, WA 98568
Estimated Value $508,000
Living Area 1,248 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Manufactured Homes
Ownership Type Related
APN 160524420030
Neighborhood
N/A
School District Oakville School District
1857 S Bank RdOakville, WA 98568
Estimated Value $486,000
Living Area 2,181 SqFt
Beds 3
Baths 2
Year Built 1912
Property Type Single Family
Ownership Type Related
APN 717023400002
Subdivision Cedarville Garden
School District Oakville School District
936 S Bank RdOakville, WA 98568
Estimated Value $508,000
Living Area 1,936 SqFt
Beds 3
Baths 2
Year Built 1993
Property Type Single Family
Ownership Type Related
APN 170528320020
Subdivision Rod Salsman Surv
School District Elma School District
310 E Oak StOakville, WA 98568
Estimated Value $340,000
Living Area 1,286 SqFt
Beds 3
Baths 2
Year Built 1997
Property Type Single Family
Ownership Type Individual
APN 083501200400
Subdivision City Of Oakville
School District Oakville School District
6 Meyers LnOakville, WA 98568
Estimated Value $596,000
Living Area 2,124 SqFt
Beds 3
Baths 2
Year Built 2020
Property Type Single Family
Ownership Type Related
APN 160510320010
Neighborhood
N/A
School District Oakville School District
39 Shorthorn LnOakville, WA 98568
Estimated Value $472,000
Living Area 1,536 SqFt
Beds 3
Baths 1.75
Year Built 2007
Property Type Single Family
Ownership Type Individual
APN 741000002200
Subdivision Cedarville Fosters
School District Oakville School District