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 Galleon Dr2N/AN/AN/AN/AN/AXxx Garfield St6N/AN/AN/A1 Sq.Ft.N/AXxx Gay Rd5N/AN/AN/AN/A9/22/2023Xxx Gearhart Ct1N/AN/AN/AN/AN/AXxx Gold Creek Blvd1N/AN/AN/AN/AN/AXxx Golden Given Rd5N/AN/A$372,000N/A4/26/2021Xxx Green Hills Ave1N/AN/AN/AN/AN/AXxx Harbor Ridge Ct1N/AN/A$296,000N/AN/AXxx Harbor Ridge Rd1N/AN/AN/AN/AN/AXxx Harbor View Dr4N/AN/A$520,0001 Sq.Ft.N/AXxx Hawthorne Ter1N/AN/A$594,000N/AN/AXxx Heatherwood1N/AN/A$464,000N/A4/16/2002Xxx Heron Ridge Dr2N/AN/A$366,000N/A2/21/2020Xxx Hood St3N/AN/AN/AN/AN/AXxx Hyada Blvd4N/AN/A$576,667N/A8/12/2016Xxx Indian Trl2N/AN/A$583,000N/A3/8/2013Xxx Jefferson Ave2N/AN/AN/A1 Sq.Ft.N/AXxx Johns Rd2N/AN/A$402,000N/AN/AXxx Kennedy Rd1N/AN/A$461,000N/AN/AXxx Kla-Pach-E Ave2N/AN/A$439,0001 Sq.Ft.12/13/2002Xxx Lafayette St1N/AN/A$345,000N/A3/27/2002Xxx La-Hal-Da Ave1N/AN/A$408,000N/A2/13/2012Xxx Lakewood Dr1N/AN/AN/AN/AN/AXxx Laurelwood Cir4N/AN/AN/AN/AN/AXxx Layman Ter1N/AN/A$528,000N/AN/AXxx Lemons Beach Rd1N/AN/AN/AN/AN/AXxx Lenore Dr1N/AN/AN/AN/AN/AXxx Lighthouse Dr1N/AN/AN/AN/AN/AXxx Lincoln Ave9N/AN/AN/A2,600 Sq.Ft.N/AXxx Loma Ct4N/AN/A$266,667N/A7/20/2022Xxx Longfellow St1N/AN/A$642,000N/AN/AXxx Manito Ct2N/AN/AN/AN/AN/AXxx Maplewood Cir2N/AN/AN/AN/AN/AXxx Marc Ave1N/AN/AN/AN/AN/AXxx Marine View Dr32N/AN/A$305,000N/A1/28/2022Xxx Marshall Ave1N/AN/AN/AN/AN/AXxx Martin Luther King Dr Way1N/AN/AN/AN/A4/15/1997Xxx Martin Luther King Jr Way2N/AN/AN/AN/AN/AXxx Mason Loop Rd1N/AN/AN/AN/AN/AXxx Maxwell Way1N/AN/AN/A1 Sq.Ft.N/AXxx Mccarver St2N/AN/AN/A1 Sq.Ft.N/AXxx Mckinley Ave643$514,7502,284 Sq.Ft.9/6/2022Xxx Mckinley Way2N/AN/AN/AN/AN/AXxx Mcmurray Rd12N/AN/A$272,0001 Sq.Ft.5/14/2025Xxx Military Rd8N/AN/A$317,000N/A7/23/2018Xxx Milwaukee Way10N/AN/AN/A1,409 Sq.Ft.N/AXxx Minneapolis St1N/AN/AN/AN/A11/20/1998Xxx Munter Ln1N/AN/AN/AN/A6/7/2001Xxx N Adams St2N/AN/A$86,000N/AN/AXxx N Alki St1N/AN/AN/AN/AN/AXxx Nanaimo Ct1N/AN/AN/AN/AN/AXxx Narrows Dr2N/AN/AN/AN/AN/AXxx Narrows Pl254$1,668,0004,254 Sq.Ft.6/12/2018Xxx Nassau Ave2N/AN/AN/AN/A1/26/1994Xxx N Carr St2N/AN/A$285,000N/AN/AXxx N D St1N/AN/AN/AN/AN/AXxx N E St1N/AN/AN/AN/AN/AXxx Nevada Ave1N/AN/AN/AN/A3/21/2022Xxx Newport Ln1N/AN/AN/AN/AN/AXxx N Ferry St1N/AN/AN/AN/AN/AXxx N Fife St1N/AN/AN/AN/AN/AXxx N Frace Ave1N/AN/AN/AN/AN/AXxx N G St1N/AN/AN/AN/AN/AXxx N Highlands Pkwy6N/AN/AN/AN/AN/AXxx N I St1N/AN/AN/AN/AN/AXxx N Jackson Ave2N/AN/AN/AN/AN/AXxx N Juniper St1N/AN/AN/AN/AN/AXxx N Karl Johan Ave1N/AN/AN/AN/AN/AXxx N Lexington St1N/AN/AN/AN/AN/AXxx N Marinera St3N/AN/AN/AN/AN/AXxx N Mildred St3N/AN/AN/AN/AN/AXxx N Mountain View Ave1N/AN/AN/AN/AN/AXxx N Narrows Dr2N/AN/A$153,000N/AN/AXxx N North Rd1N/AN/A$419,000N/AN/AXxx N Oakes St1N/AN/AN/AN/A10/11/2005Xxx Norpoint Way14N/AN/A$427,500N/A12/24/2007Xxx North Shore Blvd144$1,107,0003,461 Sq.Ft.4/27/2017Xxx Northshore Pkwy7N/AN/A$434,000N/A12/8/1998Xxx Northwood Ave1N/AN/AN/AN/AN/AXxx N Pearl St2N/AN/AN/AN/A1/24/1994Xxx N Puget Sound Ave1N/AN/AN/AN/A11/29/2018Xxx N Salmon Beach Dr1N/AN/AN/AN/AN/AXxx N Scenic View Ln1N/AN/AN/AN/AN/AXxx N Schuster Pkwy11N/AN/AN/AN/AN/AXxx N Sheridan Ave1N/AN/AN/AN/AN/AXxx N Skyview Ln122N/A1,026 Sq.Ft.N/AXxx N Stadium Way2N/AN/AN/AN/AN/AXxx N Starr St1N/AN/AN/AN/AN/AXxx N Steele St2N/AN/A$427,000N/A5/22/2013Xxx N Sunset Dr3N/AN/AN/AN/A6/18/1999Xxx N Unknown Ave1N/AN/AN/AN/AN/AXxx N Unknown Dr1N/AN/AN/AN/AN/AXxx N Vassault St1N/AN/A$416,000N/AN/AXxx N Visscher St3N/AN/AN/AN/A12/31/2020Xxx N Vista View Dr7N/AN/A$560,0001 Sq.Ft.N/AXxx N Waterfront Dr1N/AN/AN/AN/AN/AXxx N Waterview St8N/AN/A$175,400N/A8/9/2017Xxx N West Rd1N/AN/AN/AN/AN/AXxx N Wilton Rd9N/AN/AN/AN/AN/AXxx N Yakima Ave1N/AN/AN/AN/AN/A24 Bennett LnOakville, WA 98568
Estimated Value $482,000
Living Area 1,940 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Single Family
Ownership Type Related
APN 741000001800
Subdivision Cedarville Fosters
School District Oakville School District
32 Bennett LnOakville, WA 98568
Estimated Value $438,000
Living Area 2,112 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Single Family
Ownership Type Related
APN 741000001700
Subdivision Cedarville Fosters
School District Oakville School District
28 Downey LnOakville, WA 98568
Estimated Value $633,000
Living Area 2,215 SqFt
Beds 3
Baths 1.75
Year Built 1990
Property Type Single Family
Ownership Type Trust
APN 160514140030
Subdivision Claim 37 Div 02
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
119 N MurrayOakville, WA 98568
Estimated Value $536,000
Living Area 2,145 SqFt
Beds 3
Baths 1.75
Year Built 1923
Property Type Single Family
Ownership Type Individual
APN 160430410010
Subdivision Lls #2004-2245
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
45 Downey LnOakville, WA 98568
Estimated Value $447,000
Living Area 1,620 SqFt
Beds 3
Baths 2
Year Built 2003
Property Type Manufactured Homes
Ownership Type Related
APN 160513220070
Subdivision Claim 37 Div 02
School District Oakville School District
66 Bartell RdOakville, WA 98568
Estimated Value $401,000
Living Area 1,504 SqFt
Beds 3
Baths 1
Year Built 1941
Property Type Single Family
Ownership Type Individual
APN 160504220020
Neighborhood
N/A
School District Elma School District
1806 S Bank RdOakville, WA 98568
Estimated Value $546,000
Living Area 2,112 SqFt
Beds 4
Baths 2
Year Built 2006
Property Type Single Family
Ownership Type Individual
APN 741000000300
Subdivision Cedarville Fosters
School District Oakville School District
6643 Us Highway 12Oakville, WA 98568
Estimated Value $613,000
Living Area 1,940 SqFt
Beds 3
Baths 2
Year Built 2010
Property Type Single Family
Ownership Type Related
APN 160524240040
Subdivision Grays Hbr Cnty Sketch 95-13 Place
School District Oakville School District
10 Ivy Ridge LnOakville, WA 98568
Estimated Value $540,000
Living Area 1,512 SqFt
Beds 3
Baths 2
Year Built 2002
Property Type Manufactured Homes
Ownership Type Related
APN 160419440030
Subdivision Capitol Ridge
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
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
309 S 4th StOakville, WA 98568
Estimated Value $385,000
Living Area 1,236 SqFt
Beds 3
Baths 2.5
Year Built 2005
Property Type Single Family
Ownership Type Related
APN 083002000002
Subdivision Line
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
44 Oak Meadows LnOakville, WA 98568
Estimated Value $621,000
Living Area 2,022 SqFt
Beds 3
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Related
APN 160522440010
Subdivision Oak Mdws
School District Oakville School District