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.8/22/2024112 Lewis RdOakville, WA 98568
Estimated Value $661,000
Living Area 1,972 SqFt
Beds 3
Baths 1.75
Year Built 1920
Property Type Timberland, Forest, Trees
Ownership Type Corporate
APN 160521140000
Neighborhood
N/A
School District Oakville School District
1715 S Bank RdOakville, WA 98568
Estimated Value $728,000
Living Area 2,620 SqFt
Beds 3
Baths 1.75
Year Built 1936
Property Type Agricultural / Rural
Ownership Type Related
APN 160515140010
Neighborhood
N/A
School District Oakville School District
40 Williams Creek RdOakville, WA 98568
Estimated Value $695,000
Living Area 1,920 SqFt
Beds 4
Baths 2
Year Built 1995
Property Type Single Family
Ownership Type Individual
APN 160522140020
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
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
5993 Us Highway 12Oakville, WA 98568
Estimated Value $221,000
Living Area 520 SqFt
Beds 3
Baths 2
Year Built 1964
Property Type Manufactured Homes
Ownership Type Individual
APN 170534310020
Neighborhood
N/A
School District Elma 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
1879 S Bank RdOakville, WA 98568
Estimated Value $419,000
Living Area 1,224 SqFt
Beds 2
Baths 1.5
Year Built 1912
Property Type Single Family
Ownership Type Multiple
APN 717524400002
Subdivision Cedarville Garden
School District Oakville School District
102 Ash StOakville, WA 98568
Estimated Value $437,000
Living Area 1,387 SqFt
Beds 2
Baths 2
Year Built 1981
Property Type Single Family
Ownership Type Corporate
APN 616043033002
Subdivision Oak
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
32 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
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
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
115 Riding RdOakville, WA 98568
Estimated Value $519,000
Living Area 1,620 SqFt
Beds 3
Baths 2
Year Built 2023
Property Type Manufactured Homes
Ownership Type Related
APN 170529430010
Neighborhood
N/A
School District Elma School District
110 W Eagle StOakville, WA 98568
Estimated Value $310,000
Living Area 1,014 SqFt
Beds 3
Baths 1.75
Year Built 1973
Property Type Single Family
Ownership Type Individual
APN 082000700700
Subdivision Fitzgerald
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