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
Gunnison St8631$408,4701,236 Sq.Ft.6/3/2025Hale St2132$717,0001,712 Sq.Ft.6/10/2024Harbor Ridge Ct433$762,7502,138 Sq.Ft.6/6/2023Harbor Ridge Rd3533$779,6572,270 Sq.Ft.9/18/2024Harbor View Dr3043$1,200,7333,169 Sq.Ft.11/18/2022Harmon St6742$788,6872,297 Sq.Ft.8/27/2024Harper St2453$591,8752,125 Sq.Ft.5/17/2024Harrison St18732$429,8421,454 Sq.Ft.5/29/2025Hawthorne Dr3243$853,7813,027 Sq.Ft.10/28/2024Hawthorne St13031$502,0621,294 Sq.Ft.5/8/2025Hawthorne Ter2333$1,062,7392,746 Sq.Ft.1/25/2024Heatherwood5432$748,0742,321 Sq.Ft.5/14/2025Heatherwood Cir832$645,5001,865 Sq.Ft.9/30/2024Hegra Rd343$1,339,6673,510 Sq.Ft.4/7/2003Henry Rd843$831,4293,420 Sq.Ft.5/16/2021Heritage Ct754$1,007,6674,322 Sq.Ft.7/10/2018Heron Ridge Dr1344$1,318,0774,478 Sq.Ft.8/5/2020Hi Ab La Pl832$689,0001,564 Sq.Ft.4/5/2023Highland Ave10032$547,4362,128 Sq.Ft.9/25/2024Highland Pl131$471,0001,002 Sq.Ft.4/27/2021Highlands Pkwy9222$469,6464,627 Sq.Ft.5/12/2025Highland St11432$640,4222,416 Sq.Ft.4/29/2025Highline Pl1142$553,8891,529 Sq.Ft.8/3/2021Highway19N/AN/A$452,66768,284 Sq.Ft.2/14/2025Hillside Dr3143$1,035,3233,091 Sq.Ft.10/23/2024Hill St732$453,4291,553 Sq.Ft.1/20/2023Holgate St10N/AN/AN/A31,793 Sq.Ft.3/8/2021Home St1232$457,5831,270 Sq.Ft.12/9/2021Homestead Ave5031$438,6001,263 Sq.Ft.1/30/2025Homestead Ct443$529,0001,912 Sq.Ft.6/10/2019Hood St4N/AN/AN/A29,900 Sq.Ft.9/30/2021Hosmer St19931$427,9137,601 Sq.Ft.3/27/2025Howard St9331$457,0541,095 Sq.Ft.6/9/2025Howe St9232$433,3081,338 Sq.Ft.6/9/2025Hume St2432$438,7921,416 Sq.Ft.11/29/2021Hunter St1032$610,0001,603 Sq.Ft.12/7/2023Huson Dr5332$554,7361,763 Sq.Ft.4/21/2025Huson St42732$564,8801,569 Sq.Ft.4/15/2025Hyada Blvd11032$1,173,4552,737 Sq.Ft.10/29/2024Idaho St742$468,8571,664 Sq.Ft.1/29/2025Indian Trl943$1,104,8893,450 Sq.Ft.5/23/2025Inverness Dr3433$628,6471,884 Sq.Ft.11/12/2024I St93632$501,6721,945 Sq.Ft.6/9/2025Jackson Ave23132$696,8222,226 Sq.Ft.5/19/2025James St4342$721,2142,391 Sq.Ft.5/7/2025Jane Russells Way1632$393,1251,167 Sq.Ft.3/5/2025Jean Ct932$644,0001,779 Sq.Ft.9/20/2017Jefferson 1901 Marke Ave1N/AN/AN/A19,330 Sq.Ft.N/AJefferson Ave4512$412,15418,585 Sq.Ft.3/7/2025Johnson Rd631$466,3331,176 Sq.Ft.10/3/2024Johns Rd3332$491,4061,648 Sq.Ft.3/6/2024J St1,14032$489,9933,086 Sq.Ft.6/3/2025Judson St2832$422,8751,247 Sq.Ft.3/4/2024Julies Ter842$708,7502,151 Sq.Ft.3/5/2021Junett St41532$572,1451,777 Sq.Ft.5/14/2025Juniper St3532$858,0862,194 Sq.Ft.4/15/2025Kapowsin Hwy121$830,000784 Sq.Ft.N/AKarl Johan Ave5143$1,218,4083,341 Sq.Ft.5/17/2025Kennedy Rd2233$1,034,1822,987 Sq.Ft.9/20/2021Key Peninsula Hwy122$330,000658 Sq.Ft.9/16/2020King St631$473,5001,489 Sq.Ft.1/19/2023Klapache Ave1933$1,255,3532,691 Sq.Ft.6/3/2025Kootnai St2642$637,6921,956 Sq.Ft.4/29/2025K St77232$476,2861,552 Sq.Ft.6/9/2025Lafayette St11332$428,9201,373 Sq.Ft.5/21/2025La Hal Da Ave2332$879,4552,254 Sq.Ft.6/7/2025Lakewood Dr1N/AN/AN/A1,475 Sq.Ft.N/ALarchmont Ave2933$741,3452,400 Sq.Ft.1/31/2025Larchmount Ct642$489,0001,556 Sq.Ft.1/15/2016Larson Ln1N/AN/AN/A90,696 Sq.Ft.N/ALaural Ln243$749,0002,667 Sq.Ft.7/6/2017Laurel Ln2043$971,7893,345 Sq.Ft.12/11/2024Laurelwood Cir3132$741,2672,099 Sq.Ft.8/30/2024Lawrence St45332$524,1212,787 Sq.Ft.6/4/2025Layman Ter1033$1,087,2222,540 Sq.Ft.4/22/2020Lee St1N/AN/A$218,000N/AN/ALeif Ericson Dr143$737,0002,140 Sq.Ft.N/ALe Lou Wa Pl332$668,0001,677 Sq.Ft.N/ALennox Pl1031$433,8891,423 Sq.Ft.12/21/2023Lenore Dr8442$711,3692,169 Sq.Ft.5/29/2025Leslie St131$389,000910 Sq.Ft.N/ALewis Pl332$405,5001,421 Sq.Ft.1/6/2022Lewis Rd532$722,0002,776 Sq.Ft.6/2/2025Lexington St14732$841,4652,354 Sq.Ft.5/7/2025Lighthouse Dr1433$899,9292,802 Sq.Ft.2/27/2024Lighthouse Ln4943$870,1042,992 Sq.Ft.2/15/2024Lincoln Ave35N/AN/AN/A61,382 Sq.Ft.5/1/2025Linden Ln953$1,100,3333,404 Sq.Ft.8/9/2016Linden St1731$412,1181,232 Sq.Ft.2/13/2024Locust Ave531$518,6001,394 Sq.Ft.11/30/2017Locust Ln4042$839,3252,440 Sq.Ft.10/31/2024Loma Ct733$1,374,0003,384 Sq.Ft.8/11/2022Longfellow Ave532$992,0002,913 Sq.Ft.10/30/2020Lowama Ln343$1,083,3333,136 Sq.Ft.5/15/2023L St91332$481,6292,262 Sq.Ft.6/4/2025Macarthur St9332$532,4731,463 Sq.Ft.5/8/2025Madison St35032$515,1461,876 Sq.Ft.6/2/2025Madrona Dr3132$844,2262,172 Sq.Ft.8/19/2024Madrona Way1433$1,432,9293,661 Sq.Ft.9/9/2024Magnolia Ln3643$888,0002,798 Sq.Ft.7/2/202439 Shorthorn LnOakville, WA 98568
Estimated Value $472,000
Living Area 1,536 SqFt
Beds 3
Baths 1.75
Year Built 2007
Property Type Single Family
Ownership Type Individual
APN 741000002200
Subdivision Cedarville Fosters
School District Oakville School District
40 Bennett LnOakville, WA 98568
Estimated Value $553,000
Living Area 2,292 SqFt
Beds 4
Baths 2.5
Year Built 2006
Property Type Single Family
Ownership Type Related
APN 741000001600
Subdivision Cedarville Fosters
School District Oakville School District
215 S Temple StOakville, WA 98568
Estimated Value $160,000
Living Area 432 SqFt
Beds 2
Baths 1.75
Year Built 1968
Property Type Manufactured Homes
Ownership Type Related
APN 083500900300
Subdivision City Of Oakville
School District Oakville School District
123 Lewis RdOakville, WA 98568
Estimated Value $166,000
Living Area 350 SqFt
Beds 1
Baths 1.75
Year Built 2020
Property Type Manufactured Homes
Ownership Type Related
APN 160521410030
Neighborhood
N/A
School District Oakville School District
105 W Eagle StOakville, WA 98568
Estimated Value $368,000
Living Area 1,228 SqFt
Beds 3
Baths 2.5
Year Built 2006
Property Type Single Family
Ownership Type Multiple
APN 082000601300
Subdivision Fitzgerald
School District Oakville School District
41 Alfredson RdOakville, WA 98568
Estimated Value $705,000
Living Area 1,660 SqFt
Beds 3
Baths 2
Year Built 2019
Property Type Single Family
Ownership Type Individual
APN 160524410010
Subdivision 2007-2542
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
414 State StOakville, WA 98568
Estimated Value $260,000
Living Area 1,782 SqFt
Beds 4
Baths 2
Year Built 1978
Property Type Manufactured Homes
Ownership Type Individual
APN 083501501600
Subdivision City Of Oakville
School District Oakville School District
28 Shorthorn LnOakville, WA 98568
Estimated Value $533,000
Living Area 1,579 SqFt
Beds 3
Baths 2
Year Built 2019
Property Type Single Family
Ownership Type Related
APN 741000002900
Subdivision Cedarville Fosters
School District Oakville School District
69 Downey LnOakville, WA 98568
Estimated Value $538,000
Living Area 2,266 SqFt
Beds 3
Baths 2
Year Built 1993
Property Type Single Family
Ownership Type Individual
APN 160513210050
Subdivision Lls 85-08
School District Oakville School District
112 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
1491 S Bank RdOakville, WA 98568
Estimated Value $678,000
Living Area 1,856 SqFt
Beds 3
Baths 3
Year Built 1995
Property Type Single Family
Ownership Type Related
APN 160510310030
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
31 Cedar Ridge LnOakville, WA 98568
Estimated Value $549,000
Living Area 2,776 SqFt
Beds 4
Baths 2.5
Year Built 2009
Property Type Single Family
Ownership Type Individual
APN 160419440020
Subdivision Capitol Ridge
School District Oakville 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
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