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 76th St3N/AN/A$501,000N/A4/22/1996Xxx 76th Street Ct1N/AN/A$413,000N/AN/AXxx 78th St2N/AN/AN/AN/AN/AXxx 78th Street Ct1N/AN/AN/AN/AN/AXxx 79th St1N/AN/AN/AN/AN/AXxx 79th Street Ct2N/AN/A$468,500N/AN/AXxx 7th Street Ct1N/AN/AN/AN/A3/10/2017Xxx 80th St9N/AN/A$417,667448 Sq.Ft.5/29/2025Xxx 82nd Street Ct1N/AN/A$518,000N/A3/21/1995Xxx 83rd St1N/AN/AN/AN/AN/AXxx 84th St3N/AN/A$435,000N/AN/AXxx 85th St3N/AN/A$371,333N/A11/20/2019Xxx 85th Street Ct2N/AN/A$398,000N/A7/25/2007Xxx 86th St1N/AN/AN/AN/AN/AXxx 87th Ave2N/AN/AN/AN/AN/AXxx 88th St2N/AN/A$414,500N/AN/AXxx 8th Ave4N/AN/A$388,000N/A1/4/2024Xxx 8th Avenue Ct3N/AN/AN/A288 Sq.Ft.N/AXxx 8th St1N/AN/AN/AN/AN/AXxx 90th St1N/AN/A$342,000N/AN/AXxx 91st St2N/AN/A$289,000N/A10/20/2005Xxx 92nd St5N/AN/A$355,0001 Sq.Ft.5/3/2010Xxx 93rd St1N/AN/A$269,000N/AN/AXxx 94th Street Ct2N/AN/A$296,500N/A10/4/2017Xxx 95th St1N/AN/AN/A1 Sq.Ft.N/AXxx 96th St7N/AN/A$463,400442 Sq.Ft.4/25/2022Xxx 97th St6N/AN/A$390,3331 Sq.Ft.6/8/2005Xxx 98th St8N/AN/A$465,8571 Sq.Ft.5/12/2025Xxx 98th Street Ct1N/AN/AN/AN/AN/AXxx 99th St7N/AN/A$413,750N/A9/27/2010Xxx 9th Avenue Ct10N/AN/A$409,000N/A6/11/2019Xxx 9th Street Ct1N/AN/AN/AN/A3/10/2017Xxx Agnes Rd4N/AN/A$434,500N/A7/6/2004Xxx Ainsworth Ave1N/AN/AN/AN/AN/AXxx Alder St4N/AN/AN/AN/A9/10/2018Xxx Aqueduct Dr1262$601,500881 Sq.Ft.5/8/2023Xxx A St22N/AN/A$378,6001 Sq.Ft.1/28/2025Xxx Augusta Dr1N/AN/AN/AN/AN/AXxx Austin Rd2N/AN/A$493,000N/A2/21/2025Xxx Bay Ln1N/AN/AN/AN/AN/AXxx Bayside Ct1N/AN/AN/AN/AN/AXxx Bay St1N/AN/AN/AN/AN/AXxx Bayview Dr133$1,133,0003,104 Sq.Ft.4/20/2012Xxx Beverly Ave2N/AN/A$614,500N/AN/AXxx Bingham Ave7N/AN/A$347,750N/A7/26/2022Xxx Bridgeport Way1N/AN/AN/AN/AN/AXxx Bridgeview Dr233$644,5002,301 Sq.Ft.3/18/2014Xxx Broad View Ave3N/AN/A$494,667N/A2/24/2003Xxx Broadview Ave1N/AN/A$533,000N/AN/AXxx Broadway2N/AN/AN/AN/AN/AXxx Brookdale Rd10N/AN/A$357,000N/A12/12/2024Xxx Browning St1N/AN/A$392,000N/AN/AXxx Browns Point Blvd1222$262,286595 Sq.Ft.9/13/2023Xxx B St5N/AN/A$485,000N/A11/25/2014Xxx Caledonia Rd2N/AN/A$416,500480 Sq.Ft.3/23/2015Xxx Caledonia Smt2N/AN/AN/AN/AN/AXxx Cedarcrest St1N/AN/AN/AN/AN/AXxx Center St3N/AN/AN/AN/AN/AXxx Chesney Rd2N/AN/A$230,0001 Sq.Ft.N/AXxx Chinook Dr1N/AN/AN/AN/AN/AXxx Cleveland Ct1N/AN/AN/A1,050 Sq.Ft.N/AXxx Cleveland Way3N/AN/AN/AN/AN/AXxx Cliff Side Dr1N/AN/AN/AN/AN/AXxx Commerce St2N/AN/AN/A1 Sq.Ft.N/AXxx Court A3N/AN/AN/A1 Sq.Ft.N/AXxx Court C4N/AN/AN/A1 Sq.Ft.9/1/2017Xxx Court D12N/AN/AN/A305 Sq.Ft.9/17/2020Xxx Court F1N/AN/A$250,000N/A6/28/2017Xxx Court G4N/AN/AN/AN/A11/21/2001Xxx C St6N/AN/A$281,0001 Sq.Ft.N/AXxx Ct9N/AN/A$305,0001 Sq.Ft.5/24/2006Xxx Dash Point Blvd4N/AN/A$591,500N/A12/27/2024Xxx Day Island Bridge Rd1N/AN/A$330,000N/AN/AXxx Delin St1N/AN/AN/AN/AN/AXxx Division Ave1N/AN/AN/A1 Sq.Ft.N/AXxx Dock St2N/AN/AN/AN/AN/AXxx D St5N/AN/A$442,0001 Sq.Ft.10/25/2011Xxx Duryea Ln1N/AN/A$281,000N/A3/13/2013Xxx East Rd1N/AN/A$417,000N/AN/AXxx East Side Dr14N/AN/A$540,8331 Sq.Ft.2/18/2021Xxx E C St2N/AN/A$329,000N/AN/AXxx E D St4N/AN/AN/AN/AN/AXxx Eells St1N/AN/AN/AN/A2/12/1999Xxx E E St1N/AN/A$470,000N/A3/16/2022Xxx E F St3N/AN/A$293,000N/A10/15/2007Xxx E Grandview Ave2N/AN/AN/AN/AN/AXxx E G St4N/AN/A$304,000N/A11/14/2018Xxx E Howe St1N/AN/AN/AN/AN/AXxx E J St1N/AN/AN/AN/AN/AXxx Eldon St1N/AN/A$326,000N/AN/AXxx E N St2N/AN/AN/AN/A12/27/2024Xxx E Portland Ave2N/AN/AN/AN/A9/16/2009Xxx E R St1N/AN/A$393,000N/AN/AXxx E Sherman St1N/AN/AN/AN/AN/AXxx E Sonia St1N/AN/AN/AN/AN/AXxx E St1N/AN/AN/A2,480 Sq.Ft.N/AXxx Fairwood Blvd7N/AN/AN/AN/AN/AXxx Fawcett Ave8N/AN/A$225,000624 Sq.Ft.11/11/2019Xxx Flume Li R2N/AN/AN/AN/AN/AXxx Frances Ave2N/AN/A$510,0001 Sq.Ft.N/A30 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
404 E Main StOakville, WA 98568
Estimated Value $314,000
Living Area 944 SqFt
Beds 1
Baths 1.75
Year Built 2021
Property Type Single Family
Ownership Type Individual
APN 084001200400
Subdivision Town Of Oakville
School District Oakville School District
111 E Main StOakville, WA 98568
Estimated Value $303,000
Living Area 1,392 SqFt
Beds 2
Baths 1.75
Year Built 1904
Property Type Single Family
Ownership Type Individual
APN 083500400300
Subdivision City Of Oakville
School District Oakville School District
230 Oak Meadows LnOakville, WA 98568
Estimated Value $650,000
Living Area 1,940 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Single Family
Ownership Type Related
APN 160526340010
Subdivision Oak Mdws
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
31 Cedar Ridge LnOakville, WA 98568
Estimated Value $549,000
Living Area 2,776 SqFt
Beds 4
Baths 2.5
Year Built 2009
Property Type Single Family
Ownership Type Individual
APN 160419440020
Subdivision Capitol Ridge
School District Oakville School District
33 Alfredson RdOakville, WA 98568
Estimated Value $607,000
Living Area 2,008 SqFt
Beds 4
Baths 2.5
Year Built 1981
Property Type Single Family
Ownership Type Individual
APN 160524420040
Neighborhood
N/A
School District Oakville School District
1399 S Bank RdOakville, WA 98568
Estimated Value $683,000
Living Area 2,952 SqFt
Beds 2
Baths 2.75
Year Built 1936
Property Type Single Family
Ownership Type Individual
APN 160510210010
Subdivision Boundary Line Adjustment
School District Oakville School District
27 Fisher RdOakville, WA 98568
Estimated Value $742,000
Living Area 1,648 SqFt
Beds 3
Baths 1.75
Year Built 1925
Property Type Single Family
Ownership Type Related
APN 160430210030
Neighborhood
N/A
School District Oakville School District
214 W Main StOakville, WA 98568
Estimated Value $412,000
Living Area 1,370 SqFt
Beds 3
Baths 2
Year Built 2023
Property Type Single Family
Ownership Type Related
APN 081501300400
Subdivision Brewers
School District Oakville 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
4 Downey LnOakville, WA 98568
Estimated Value $306,000
Living Area 1,728 SqFt
Beds 3
Baths 0.75
Year Built 1912
Property Type Single Family
Ownership Type Individual
APN 160514140020
Subdivision Grays Hbr Cnty Large Lt 85-08
School District Oakville School District
6721 Us Highway 12Oakville, WA 98568
Estimated Value $241,000
Living Area 840 SqFt
Beds 2
Baths 1
Year Built 1980
Property Type Manufactured Homes
Ownership Type Individual
APN 160524420050
Neighborhood
N/A
School District Oakville School District
11 Norton RdOakville, WA 98568
Estimated Value $545,000
Living Area 1,579 SqFt
Beds 3
Baths 2
Year Built 2019
Property Type Single Family
Ownership Type Individual
APN 741000000600
Subdivision Cedarville Fosters
School District Oakville School District
77 Williams Creek RdOakville, WA 98568
Estimated Value $482,000
Living Area 1,440 SqFt
Beds 3
Baths 2
Year Built 1981
Property Type Manufactured Homes
Ownership Type Multiple
APN 160522410030
Neighborhood
N/A
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