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
A St74732$466,6122,881 Sq.Ft.5/13/2025A Street Ct332$1,009,6673,557 Sq.Ft.12/30/2021A To 1213122$386,0001 Sq.Ft.11/3/2006A To B S J St142$715,0002,586 Sq.Ft.N/AA To C 6th Ave144$439,0001,350 Sq.Ft.8/10/2021Augusta Dr3443$887,2653,011 Sq.Ft.5/23/2025Augusta Pl1932$649,5261,807 Sq.Ft.6/7/2024Aurora Ave3443$1,363,5153,377 Sq.Ft.7/29/2021Austin Rd1533$928,2672,755 Sq.Ft.2/21/2025B 12 St143$704,0002,958 Sq.Ft.N/ABaker St523$834,5003,358 Sq.Ft.10/6/2023Baltimore St21632$599,9481,691 Sq.Ft.9/19/2024Barnes Ln4632$452,1862,293 Sq.Ft.11/17/2023Bay Hill Ave543$798,6002,834 Sq.Ft.5/26/2021Bay Ln133$712,0001,962 Sq.Ft.11/17/2016Bay Pl1143$837,3642,346 Sq.Ft.8/19/2024Bay St5N/AN/AN/A17,072 Sq.Ft.8/15/2017Bayview Dr2133$1,099,4763,881 Sq.Ft.7/5/2023Beach Dr2132$1,054,2861,975 Sq.Ft.12/7/2021Beacon Ct943$865,0002,762 Sq.Ft.7/10/2018Beckonridge Dr3332$485,3442,375 Sq.Ft.9/5/2024Bel Air Rd4922$483,2921,388 Sq.Ft.10/4/2024Bell St27431$438,2271,399 Sq.Ft.5/21/2025Bennett St19832$597,7921,622 Sq.Ft.3/25/2025Berkeley Ave1332$603,9171,822 Sq.Ft.11/14/2024Beverly Ave6732$830,7122,404 Sq.Ft.5/15/2025Bingham Ave14732$617,5002,103 Sq.Ft.1/30/2025Bingham Pwr Line Ave131$498,0001,362 Sq.Ft.12/21/2018Birch St3033$609,8621,832 Sq.Ft.4/23/2025Birmingham St6132$431,3141,574 Sq.Ft.5/30/2025Bismark St1732$415,1181,204 Sq.Ft.4/22/2024Blossom Dr1932$761,8952,385 Sq.Ft.3/10/2023B N C Yakima Ave153$943,0003,080 Sq.Ft.9/10/2018B N Steele St263$987,0002,910 Sq.Ft.11/15/2013Bob Findlay Rd3N/AN/AN/A5,379 Sq.Ft.N/ABorough Rd1343$1,235,5003,686 Sq.Ft.3/1/2024Bradley Rd633$1,087,5002,781 Sq.Ft.6/14/2017Braeburn Dr1632$645,9381,945 Sq.Ft.5/16/2023Bridgeview Dr7032$741,1002,391 Sq.Ft.9/24/2024Bridgland Ln933$1,439,1113,629 Sq.Ft.7/17/2021Bristol St21732$634,7431,790 Sq.Ft.9/19/2024Broadmoor Dr5043$848,1602,761 Sq.Ft.12/22/2024Broad View Ave6133$1,033,5412,763 Sq.Ft.12/6/2023Broadway36822$551,4782,556 Sq.Ft.5/29/2025Broadway Ave3632$445,8571,495 Sq.Ft.5/21/2025Brookdale Rd12742$566,2683,311 Sq.Ft.5/7/2025Brookside Ter2732$847,3852,364 Sq.Ft.12/16/2024Browning St1N/AN/A$395,0001 Sq.Ft.4/17/2003Brown Point Blvd1N/AN/AN/AN/AN/ABrowns Point Blvd31132$786,3772,351 Sq.Ft.5/23/2025Browns Prairie Blvd133$837,0002,128 Sq.Ft.4/2/2024B S 14th St142$450,0001,242 Sq.Ft.1/31/2022B S Puget Sound Ave667N/A3,366 Sq.Ft.6/7/2023B St50932$408,0432,159 Sq.Ft.5/30/2025Buena Vista Ave832$662,6252,144 Sq.Ft.3/21/2025Burkhart Dr4331$430,5351,312 Sq.Ft.4/17/2024Burlington Way23N/AN/AN/A29,456 Sq.Ft.3/22/2022Burning Tree Ln1222$623,0911,554 Sq.Ft.6/10/2024Busti St1N/AN/AN/AN/AN/ACaledonia Rd943$1,056,8893,025 Sq.Ft.11/24/2020Caledonia Smt244$1,494,5004,354 Sq.Ft.N/ACalifornia Ave1031$421,3331,273 Sq.Ft.4/29/2024Canyon Pkwy14N/AN/AN/A5,864 Sq.Ft.5/15/2025Carr St5032$938,4081,927 Sq.Ft.3/26/2025Carver Rd532$567,0001,680 Sq.Ft.3/25/2004Cascade Ave4232$939,2622,590 Sq.Ft.1/28/2025Cascade Pl5432$582,9334,113 Sq.Ft.7/16/2024Cedarcrest St1632$593,4381,637 Sq.Ft.3/19/2025Cedar St37932$586,0602,827 Sq.Ft.6/11/2025Centennial Way2232$575,5001,646 Sq.Ft.3/8/2024Center St15452$797,66710,418 Sq.Ft.3/28/2025Chandler St2342$596,1674,727 Sq.Ft.1/24/2024Chelan Pl331$400,00012,376 Sq.Ft.N/ACherry Ave3543$650,8821,965 Sq.Ft.9/20/2024Cherry St3132$541,7041,956 Sq.Ft.12/30/2024Chesney Rd2432$553,8261,960 Sq.Ft.9/29/2021Cheyenne Ct3333$470,1821,600 Sq.Ft.12/23/2024Cheyenne Loop Rd1N/AN/AN/A82,060 Sq.Ft.N/ACheyenne St34732$571,4541,592 Sq.Ft.6/3/2025Chinook Dr4043$830,5002,453 Sq.Ft.11/19/2024Circle Way442$700,0002,237 Sq.Ft.7/27/2004Claremont Dr3732$617,6221,625 Sq.Ft.11/8/2024Claremont Pl1232$654,3331,914 Sq.Ft.4/20/2021Clark 30 California Pl122$498,0001,300 Sq.Ft.N/AClark Pl431$1,241,7502,461 Sq.Ft.5/28/2025Clarkston St3131$390,1611,091 Sq.Ft.5/30/2023Clement Ave7831$416,7891,340 Sq.Ft.5/2/2025Clement Church1N/AN/AN/A1 Sq.Ft.4/3/1996Cleveland Way5N/AN/AN/A10,240 Sq.Ft.6/1/2016Cliff Ave6911$371,106514 Sq.Ft.12/13/2024Cliff Side Dr1832$866,4442,474 Sq.Ft.7/10/2024Columbia Ave3132$371,8851,486 Sq.Ft.2/7/2025Commencement Bay Dr5632$618,3211,648 Sq.Ft.3/28/2025Commerce St55N/AN/A$339,53325,126 Sq.Ft.9/5/2023Commercial St133$685,0001,672 Sq.Ft.N/AContra Costa Ave2N/AN/AN/A409 Sq.Ft.N/ACopalis St733$771,0002,074 Sq.Ft.4/11/2023Cottonwood Ave3443$620,9121,917 Sq.Ft.4/4/2024Couch Rd132$770,0002,050 Sq.Ft.5/15/2024Country Club Dr4543$1,038,4673,466 Sq.Ft.5/24/2025118 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
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
8 Bennett LnOakville, WA 98568
Estimated Value $553,000
Living Area 2,112 SqFt
Beds 4
Baths 2
Year Built 2006
Property Type Single Family
Ownership Type Individual
APN 741000002000
Subdivision Cedarville Fosters
School District Oakville School District
403 E Harris AveOakville, WA 98568
Estimated Value $332,000
Living Area 988 SqFt
Beds 3
Baths 1.5
Year Built 1973
Property Type Single Family
Ownership Type Related
APN 083501100900
Subdivision City Of Oakville
School District Oakville School District
51 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
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
1609 S Bank RdOakville, WA 98568
Estimated Value $604,000
Living Area 4,030 SqFt
Beds 5
Baths 3
Year Built 1980
Property Type Agricultural / Rural
Ownership Type Related
APN 160515120030
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
6 Langabeer RdOakville, WA 98568
Estimated Value $648,000
Living Area 2,752 SqFt
Beds 5
Baths 2.5
Year Built 2005
Property Type Single Family
Ownership Type Individual
APN 160515230040
Neighborhood
N/A
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
411 N Newton StOakville, WA 98568
Estimated Value $367,000
Living Area 1,280 SqFt
Beds 3
Baths 2
Year Built 1917
Property Type Single Family
Ownership Type Multiple
APN 082500100700
Subdivision Glenwood
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
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
116 Riding RdOakville, WA 98568
Estimated Value $721,000
Living Area 1,584 SqFt
Beds 3
Baths 2
Year Built 1981
Property Type Agricultural / Rural
Ownership Type Individual
APN 170529340010
Neighborhood
N/A
School District Elma School District
48 Bennett LnOakville, WA 98568
Estimated Value $498,000
Living Area 1,504 SqFt
Beds 3
Baths 2
Year Built 2016
Property Type Single Family
Ownership Type Individual
APN 741000001500
Subdivision Cedarville Fosters
School District Oakville School District
295 Elma Gate Rd WOakville, WA 98568
Estimated Value $376,000
Living Area 1,482 SqFt
Beds 2
Baths 1.75
Year Built 1927
Property Type Single Family
Ownership Type Related
APN 160523110020
Neighborhood
N/A
School District Oakville School District