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 Oakmont St1N/AN/AN/AN/AN/AXxx Oceanside Ct1N/AN/AN/AN/AN/AXxx Olympic Dr2N/AN/A$764,500N/A6/3/2019Xxx Orca Dr3N/AN/AN/AN/AN/AXxx Orchard Rd2N/AN/AN/AN/AN/AXxx Orchard St1N/AN/AN/AN/AN/AXxx Oregon Ave1N/AN/AN/AN/AN/AXxx Overlook Ave1N/AN/A$471,000N/A9/3/1992Xxx Oxford Ln1N/AN/AN/AN/AN/AXxx Pacific Ave1421$313,0001,054 Sq.Ft.2/24/2020Xxx Park Ave722N/A700 Sq.Ft.2/5/1996Xxx Pelican Ln1N/AN/AN/AN/AN/AXxx Pelican Pl1N/AN/AN/AN/AN/AXxx Pioneer Way23N/AN/A$351,7502,400 Sq.Ft.2/1/2025Xxx Pipeline Rd2N/AN/A$357,000800 Sq.Ft.5/14/2014Xxx Poe Ave5N/AN/A$560,000N/A12/29/2021Xxx Polk St1N/AN/A$373,000320 Sq.Ft.N/AXxx Port Center Rd1N/AN/AN/AN/AN/AXxx Portland Ave11N/AN/A$376,500484 Sq.Ft.10/22/2020Xxx Port Of Tacoma Rd2N/AN/AN/AN/AN/AXxx Private One Dr1N/AN/AN/AN/AN/AXxx Ridge Dr4N/AN/AN/AN/AN/AXxx Ridge Ln1N/AN/AN/AN/AN/AXxx River Rd3N/AN/A$315,000N/A9/18/2019Xxx Rosemount Way1N/AN/AN/AN/AN/AXxx Ruston Way39N/AN/AN/A49 Sq.Ft.7/25/2022Xxx S Ainsworth Ave4N/AN/A$411,500N/A9/17/2020Xxx S Alaska St1N/AN/A$305,000N/AN/AXxx S Alder St1N/AN/A$872,000N/AN/AXxx Sales Rd1N/AN/AN/AN/A8/7/2018Xxx Sandpiper Ct1N/AN/AN/AN/AN/AXxx S Ash St1N/AN/AN/AN/AN/AXxx S Asotin Ct1N/AN/AN/AN/AN/AXxx Sawyer St2N/AN/AN/AN/A10/31/2017Xxx S Bell St1N/AN/A$313,000N/A12/13/2022Xxx S Bennett St1N/AN/A$367,000N/AN/AXxx S Cedar St5N/AN/A$263,000850 Sq.Ft.N/AXxx Scenic Dr145$2,371,0004,381 Sq.Ft.1/30/2025Xxx S C St3N/AN/AN/AN/A3/20/2020Xxx S Cushman Ave2N/AN/AN/AN/AN/AXxx Sealawn Ave1N/AN/A$464,000N/AN/AXxx S Ferdinand St1N/AN/AN/AN/AN/AXxx S Fife St1N/AN/AN/AN/AN/AXxx S Geiger St2N/AN/A$274,0001 Sq.Ft.12/17/2007Xxx S Gove St2N/AN/AN/AN/A10/4/1994Xxx S Grant Ave2N/AN/AN/AN/AN/AXxx S G St3N/AN/AN/AN/AN/AXxx S Gunnison St1N/AN/AN/AN/A11/28/2016Xxx Sheridan Ave13N/AN/A$384,000N/A7/13/2021Xxx S Holgate St2N/AN/AN/AN/AN/AXxx Shorecliff Dr1N/AN/A$380,000N/AN/AXxx S Hosmer St1N/AN/AN/A1 Sq.Ft.N/AXxx Silver Bow Rd1N/AN/A$318,000N/A7/8/1994Xxx S I St1N/AN/AN/AN/A8/30/2018Xxx S J St3N/AN/A$308,000N/A12/11/2020Xxx S Junett St1N/AN/AN/AN/AN/AXxx S K St2N/AN/AN/AN/AN/AXxx Slayden Rd3N/AN/A$461,667N/A5/10/2001Xxx S Lewis Rd1N/AN/AN/AN/A6/23/2014Xxx S L St1N/AN/AN/AN/AN/AXxx S Madison St1N/AN/AN/AN/AN/AXxx S Mason Ave1N/AN/A$584,000N/A11/20/2018Xxx S M St1N/AN/A$312,000672 Sq.Ft.N/AXxx S Mullen St10N/AN/A$654,800N/A8/25/2005Xxx Solo Point Rd1N/AN/AN/AN/A6/1/2000Xxx S Orchard St7N/AN/AN/AN/AN/AXxx Soundview Dr13N/AN/A$547,000N/A4/5/2024Xxx South Tacoma Way15N/AN/AN/A1 Sq.Ft.1/19/2022Xxx Spanaway Loop Rd7N/AN/A$280,500N/A5/13/2024Xxx S Park Ave1N/AN/AN/AN/AN/AXxx Spring St1N/AN/A$373,0001 Sq.Ft.N/AXxx S Proctor St1N/AN/AN/AN/A2/26/2008Xxx S Sheridan Ave4N/AN/A$484,000N/A12/2/2019Xxx S Sprague Ave1N/AN/AN/AN/AN/AXxx S Stadium Way1N/AN/AN/AN/AN/AXxx S Steele St3N/AN/A$353,000397 Sq.Ft.N/AXxx S Tacoma Way1N/AN/AN/AN/AN/AXxx Steele St5N/AN/A$416,000N/A9/26/2024Xxx St Helens Ave1N/AN/AN/AN/A9/10/2019Xxx Stonegate Ave1N/AN/AN/AN/AN/AXxx St Paul Ave2N/AN/AN/A2,400 Sq.Ft.12/12/2024Xxx S Tyler St2N/AN/A$390,000N/A11/4/2021Xxx S Warner St221$850,000861 Sq.Ft.N/AXxx Sweet St143$552,0002,152 Sq.Ft.10/14/2020Xxx S Wilkeson St1N/AN/AN/AN/AN/AXxx S Woodlawn St1N/AN/AN/AN/AN/AXxx S Wright Ave2N/AN/AN/AN/AN/AXxx S Yakima Ave1N/AN/AN/A1 Sq.Ft.N/AXxx Tacoma Ave1143$370,6001,128 Sq.Ft.3/21/2025Xxx Tacoma Mall1N/AN/AN/A138,650 Sq.Ft.N/AXxx Tacoma Mall Blvd1N/AN/AN/AN/AN/AXxx Taylor Way2N/AN/AN/AN/AN/AXxx Thomp Yakim Trans1N/AN/AN/AN/AN/AXxx Titlow Rd1N/AN/A$508,0001 Sq.Ft.N/AXxx Tok-A-Lou Ave2N/AN/AN/AN/AN/AXxx Ton-A-Wan-Da Ave1N/AN/AN/AN/AN/AXxx Tower Ln1N/AN/AN/AN/AN/AXxx Tule Lake Ave1N/AN/A$337,000N/A4/21/2023Xxx Tule Lake Rd3N/AN/A$336,0001 Sq.Ft.11/21/2016Xxx Undetermined Situs13343$404,0221,103 Sq.Ft.3/27/202551 Downey LnOakville, WA 98568
Estimated Value $667,000
Living Area 2,236 SqFt
Beds 3
Baths 2.5
Year Built 2011
Property Type Single Family
Ownership Type Individual
APN 160513210080
Neighborhood
N/A
School District Oakville School District
20 Fisher RdOakville, WA 98568
Estimated Value $200,000
Living Area 924 SqFt
Beds 1
Baths 1
Year Built 2000
Property Type Residential General
Ownership Type Related
APN 160430240010
Neighborhood
N/A
School District Oakville School District
103 E Harris AveOakville, WA 98568
Estimated Value $295,000
Living Area 1,094 SqFt
Beds 3
Baths 1.75
Year Built 1923
Property Type Single Family
Ownership Type Related
APN 083501401100
Subdivision City Of Oakville
School District Oakville School District
90 Ross RdOakville, WA 98568
Estimated Value $491,000
Living Area 1,809 SqFt
Beds 4
Baths 2
Year Built 2003
Property Type Manufactured Homes
Ownership Type Related
APN 160524420070
Subdivision Grays Harbor County Short
School District Oakville 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
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
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
35 Gibson Creek RdOakville, WA 98568
Estimated Value $853,000
Living Area 1,568 SqFt
Beds 3
Baths 2
Year Built 1937
Property Type Timberland, Forest, Trees
Ownership Type Related
APN 160502320010
Neighborhood
N/A
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
47 Langabeer RdOakville, WA 98568
Estimated Value $429,000
Living Area 1,296 SqFt
Beds 3
Baths 2
Year Built 2000
Property Type Manufactured Homes
Ownership Type Multiple
APN 160515320020
Neighborhood
N/A
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
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
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
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
42 Shorthorn LnOakville, WA 98568
Estimated Value $454,000
Living Area 1,552 SqFt
Beds 3
Baths 2
Year Built 2009
Property Type Single Family
Ownership Type Individual
APN 741000002700
Subdivision Cedarville Fosters
School District Oakville School District
267 Oak Meadows LnOakville, WA 98568
Estimated Value $582,000
Living Area 2,844 SqFt
Beds 3
Baths 1
Year Built 1978
Property Type Single Family
Ownership Type Individual
APN 160535110030
Neighborhood
N/A
School District Oakville School District