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
Main St43222$1,054,9743,694 Sq.Ft.5/22/2025Mana Wana Pl453$708,0002,695 Sq.Ft.5/12/2017Mance St1932$514,8951,194 Sq.Ft.6/4/2025Manito Ct342$988,3333,115 Sq.Ft.5/8/2025Manitou Way1242$476,8181,482 Sq.Ft.4/27/2022Maple St1833$537,0001,684 Sq.Ft.10/18/2023Maplewood Cir5633$745,6792,182 Sq.Ft.5/7/2025Marc Ave11N/AN/AN/A29,404 Sq.Ft.11/3/2020Mare Vista Ter343$1,597,3333,257 Sq.Ft.6/16/2023Marietta St332$481,6672,149 Sq.Ft.11/27/2019Marinera St1133$973,2732,870 Sq.Ft.3/22/2025Mariner Cir4043$852,0252,943 Sq.Ft.1/17/2025Marine View Dr18022$653,1744,940 Sq.Ft.5/13/2025Market Pl14N/AN/AN/A35,932 Sq.Ft.12/22/2020Market St17022$547,0269,398 Sq.Ft.2/24/2025Markham Ave4432$963,8862,292 Sq.Ft.7/26/2023Marshall Ave15N/AN/AN/A32,095 Sq.Ft.8/22/2023Martin Luther King Jr Way25032$468,1647,292 Sq.Ft.4/8/2025Mason Ave37332$589,4602,087 Sq.Ft.6/6/2025Mason Loop Rd1685$874,3753,580 Sq.Ft.1/24/2023Mason Rd285$896,5003,876 Sq.Ft.5/10/2018Mcbride St2831$616,2861,551 Sq.Ft.1/3/2024Mccarver St2842$885,4802,622 Sq.Ft.7/15/2024Mcdacer Ave2731$398,4811,171 Sq.Ft.6/30/2023Mcdonald Rd932$515,0001,785 Sq.Ft.10/26/2016Mcghee St1332$480,5381,691 Sq.Ft.5/25/2023Mckinley Ave48932$480,5152,553 Sq.Ft.4/7/2025Mckinley Rd2331$420,6091,338 Sq.Ft.2/18/2025Mckinley Way353$581,0002,152 Sq.Ft.8/8/2022Mcmurray Rd721$277,7501,252 Sq.Ft.1/20/2021Meadows Ct1332$499,9231,714 Sq.Ft.5/31/2025Meeker Ave1632$688,6672,220 Sq.Ft.5/14/2025Melrose St9831$489,5511,370 Sq.Ft.5/20/2025Memory Ln133$1,505,0003,897 Sq.Ft.9/21/2012Merry Ln3843$709,9212,327 Sq.Ft.4/8/2024Meyers St9032$602,5781,849 Sq.Ft.1/31/2025Middle Rd631$412,8331,367 Sq.Ft.1/22/2021Middle Waterway3N/AN/AN/AN/A11/20/2017Mildred St11643$917,0977,728 Sq.Ft.6/4/2025Military Rd23432$496,8772,641 Sq.Ft.2/27/2025Milwaukee Way34N/AN/AN/A35,372 Sq.Ft.2/5/2024Minneapolis St1N/AN/AN/A5,782 Sq.Ft.N/AMonroe St31332$524,1691,522 Sq.Ft.5/28/2025Montana Ave1842$480,6254,188 Sq.Ft.10/17/2022Montgomery St20031$410,4521,290 Sq.Ft.4/29/2025Moorlands Dr3132$504,7003,162 Sq.Ft.12/12/2023Morris Blvd1N/AN/A$86,000N/A10/12/2006Morrison Rd11N/AN/A864 Sq.Ft.N/AMorton St13931$420,3701,387 Sq.Ft.4/25/2025Mountain View Ave10442$944,1823,376 Sq.Ft.11/19/2024Mr Dahl Dr1N/AN/AN/A64,780 Sq.Ft.N/AM St99432$486,1841,854 Sq.Ft.6/7/2025Mtn View Ave9132$614,2311,775 Sq.Ft.6/1/2025Mt Tacoma Dr164$818,0003,130 Sq.Ft.9/8/2015Mullen St49132$559,4052,323 Sq.Ft.6/3/2025Munter Ln722$741,2861,756 Sq.Ft.7/2/2020Nahane East1343$1,048,2313,484 Sq.Ft.3/11/2024Nahane West1643$1,140,1883,479 Sq.Ft.9/10/2024Nanaimo Ct643$968,8333,724 Sq.Ft.11/12/2024Narrows Dr39932$601,8592,070 Sq.Ft.6/10/2025Narrows Ln733$1,020,2862,875 Sq.Ft.4/10/2024Narrows Pl3433$912,4402,601 Sq.Ft.7/24/2023Nassau Ave15133$607,0132,995 Sq.Ft.6/2/2025Nassau Ct1043$725,5561,868 Sq.Ft.2/21/2025Nassau Pl633$846,0002,647 Sq.Ft.6/9/2022Nevada Ave1642$477,8131,426 Sq.Ft.8/29/2005Newton St3832$600,5431,607 Sq.Ft.3/21/2025Norma Rd933$1,016,5562,558 Sq.Ft.5/3/2023Norpoint Way16742$706,9352,972 Sq.Ft.5/8/2025North Ln1731$391,8821,193 Sq.Ft.10/11/2023North Rd544$1,353,5003,438 Sq.Ft.6/28/2024Northshore Blvd4933$732,8442,506 Sq.Ft.2/27/2025Northshore Pkwy1N/AN/AN/AN/AN/ANorthwood Ave1632$638,2501,708 Sq.Ft.7/14/2022Northwood Ct632$552,8331,361 Sq.Ft.8/24/2021N St12832$456,0171,539 Sq.Ft.5/22/2025Oakes St59532$506,5611,546 Sq.Ft.6/9/2025Oakmont Pl243$837,0002,914 Sq.Ft.4/5/2013Oakmont St1232$626,1671,765 Sq.Ft.2/8/2022Old Military Rd331$443,000926 Sq.Ft.12/3/2024Olympic Dr432$737,5001,547 Sq.Ft.6/3/2019Olympus Dr1132$555,2731,549 Sq.Ft.5/18/2023Opera Aly2N/AN/AN/A4,057 Sq.Ft.12/30/2024Orca Dr6543$960,3542,844 Sq.Ft.11/21/2024Orca Pl1043$840,5002,270 Sq.Ft.6/4/2021Orchard321N/A1,216 Sq.Ft.10/27/2006Orchard Rd2243$1,393,5453,334 Sq.Ft.5/24/2024Orchard St37442$633,0008,394 Sq.Ft.5/21/2025Oregon Ave1043$1,183,0003,798 Sq.Ft.3/15/2023Osprey Dr1833$817,5562,289 Sq.Ft.12/2/2024O St743$539,7141,981 Sq.Ft.3/1/2022Overlook Ave2343$1,147,0453,104 Sq.Ft.10/5/2024Overview Dr6233$842,5482,428 Sq.Ft.11/12/2024Oxford St6721$426,123905 Sq.Ft.4/30/2025Pacific Ave1,05832$452,4417,179 Sq.Ft.5/28/2025Pacific Hwy2431$842,0009,021 Sq.Ft.6/15/2022Panorama Dr2033$1,141,2003,355 Sq.Ft.4/30/2025Park Ave72332$451,5552,171 Sq.Ft.5/22/2025Park Dr942$1,342,2503,009 Sq.Ft.7/23/2024Parkside Cir2643$716,5001,980 Sq.Ft.4/23/20231715 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
30 Maple LnOakville, WA 98568
Estimated Value $434,000
Living Area 1,404 SqFt
Beds 3
Baths 1.75
Year Built 2010
Property Type Manufactured Homes
Ownership Type Corporate
APN 160429220080
Subdivision Capitol Ridge
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
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
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
81 Cedar Ridge LnOakville, WA 98568
Estimated Value $395,000
Living Area 1,848 SqFt
Beds 3
Baths 2
Year Built 1998
Property Type Manufactured Homes
Ownership Type Related
APN 160419430060
Subdivision Capitol Ridge
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
21 Cedarville Gardens LnOakville, WA 98568
Estimated Value $876,000
Living Area 3,083 SqFt
Beds 4
Baths 2.75
Year Built 1986
Property Type Agricultural / Rural
Ownership Type Related
APN 717525600001
Subdivision Cedarville Garden
School District Oakville School District
2110 S Bank RdOakville, WA 98568
Estimated Value $522,000
Living Area 1,032 SqFt
Beds 2
Baths 2
Year Built 2008
Property Type Single Family
Ownership Type Related
APN 160526440060
Subdivision Grays Hbr Cntry Large Lt 200
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
6694 Us Highway 12Oakville, WA 98568
Estimated Value $936,000
Living Area 9,697 SqFt
Beds 3
Baths 3
Year Built 2016
Property Type Miscellaneous
Ownership Type Multiple
APN 160524220030
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
243 Butler Mill RdElma, WA 98541
Estimated Value $436,000
Living Area 1,737 SqFt
Beds 3
Baths 2
Year Built 1980
Property Type Single Family
Ownership Type Individual
APN 170526210040
Neighborhood Porter
School District Elma School District
119 N MurrayOakville, WA 98568
Estimated Value $536,000
Living Area 2,145 SqFt
Beds 3
Baths 1.75
Year Built 1923
Property Type Single Family
Ownership Type Individual
APN 160430410010
Subdivision Lls #2004-2245
School District Oakville School District
33 Alfredson RdOakville, WA 98568
Estimated Value $607,000
Living Area 2,008 SqFt
Beds 4
Baths 2.5
Year Built 1981
Property Type Single Family
Ownership Type Individual
APN 160524420040
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