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 Unknown34N/AN/A$131,000624 Sq.Ft.12/1/1999Xxx Unknown Rd3N/AN/AN/AN/AN/AXxx Varco Rd1N/AN/A$473,000N/A1/19/2000Xxx Vickery Ave14N/AN/A$435,667481 Sq.Ft.1/28/2025Xxx View Ridge Dr1N/AN/AN/AN/AN/AXxx Violet Meadow St3N/AN/A$317,6671,920 Sq.Ft.8/24/2017Xxx Waller Rd25N/AN/A$325,333405 Sq.Ft.10/4/2021Xxx Wana-Wana Pl1N/AN/AN/AN/A11/20/2018Xxx Wan-I-Da Ave3N/AN/AN/AN/AN/AXxx Wa-Tau-Ga Ave3N/AN/A$461,000N/A5/12/2005Xxx Water St2N/AN/AN/AN/AN/AXxx Way1N/AN/AN/AN/AN/AXxx West Rd6N/AN/AN/AN/AN/AXxx Westridge Ave2N/AN/AN/AN/AN/AXxx Wheeler St3N/AN/A$448,0001 Sq.Ft.N/AXxx Whitman St1012$666,000646 Sq.Ft.3/22/2022Xxx Wilkeson St1N/AN/AN/AN/AN/AXxx Wilton Rd11N/AN/AN/AN/A6/12/2017Xxx Yakima Ave12N/AN/A$322,167858 Sq.Ft.9/26/2023Yacht Club Rd213N/AN/AN/A918 Sq.Ft.2/13/2015Yakima Ave92032$536,0163,012 Sq.Ft.6/10/2025Yakima Ct6522$434,5941,416 Sq.Ft.8/22/202490 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
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
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
265 Oak Meadows LnOakville, WA 98568
Estimated Value $423,000
Living Area 2,070 SqFt
Beds 3
Baths 2
Year Built 2005
Property Type Manufactured Homes
Ownership Type Individual
APN 160526440030
Subdivision Oak Mdws
School District Oakville School District
118 Gibson Creek RdOakville, WA 98568
Estimated Value $545,000
Living Area 1,883 SqFt
Beds 3
Baths 2
Year Built 2019
Property Type Single Family
Ownership Type Related
APN 160502130050
Neighborhood
N/A
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
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
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
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
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
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
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
192 Elma Gate Rd WOakville, WA 98568
Estimated Value $655,000
Living Area 1,196 SqFt
Beds 2
Baths 1
Year Built 1997
Property Type Single Family
Ownership Type Individual
APN 160524220010
Neighborhood
N/A
School District Oakville School District
249 Oak Meadows LnOakville, WA 98568
Estimated Value $574,000
Living Area 1,740 SqFt
Beds 3
Baths 1.75
Year Built 1993
Property Type Single Family
Ownership Type Related
APN 160526430040
Subdivision Grays Harbor Lls 92-03
School District Oakville School District
11 Cedar Ridge LnOakville, WA 98568
Estimated Value $604,000
Living Area 2,320 SqFt
Beds 4
Baths 2.5
Year Built 2006
Property Type Single Family
Ownership Type Corporate
APN 160419440010
Subdivision Capitol Ridge
School District Oakville School District
194 Gibson Creek RdOakville, WA 98568
Estimated Value $720,000
Living Area 2,298 SqFt
Beds 2
Baths 2.75
Year Built 1978
Property Type Single Family
Ownership Type Multiple
APN 160501230010
Neighborhood
N/A
School District Oakville School District