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
Parkside Ln1233$1,235,7502,876 Sq.Ft.11/9/2023Parkview Dr2943$1,090,6903,347 Sq.Ft.5/30/2025Parkview Ln1543$1,340,3333,011 Sq.Ft.8/9/2023Park Way2832$690,7697,481 Sq.Ft.4/18/2024Parkway Dr133$1,559,0003,134 Sq.Ft.6/1/2016Patterson St6632$498,8181,608 Sq.Ft.5/1/2025Pearl St26731$465,5686,795 Sq.Ft.3/28/2025Perkins St133$651,0002,113 Sq.Ft.7/9/2003Pierce Ln2032$730,3501,789 Sq.Ft.12/5/2024Pierce St632$497,6671,352 Sq.Ft.10/13/2023Pine6N/AN/AN/A1 Sq.Ft.9/11/2015Pinehurst Dr1443$806,4292,371 Sq.Ft.5/19/2025Pinehurst St843$848,0002,866 Sq.Ft.6/28/2022Pine St34732$467,6904,821 Sq.Ft.5/22/2025Pinnacle Ct733$1,136,2863,322 Sq.Ft.7/18/2013Pioneer Way8432$522,8935,266 Sq.Ft.2/5/2025Pipeline Rd1832$508,9292,322 Sq.Ft.5/2/2016Poe Ave643$942,1672,822 Sq.Ft.9/26/2019Pointe Woodworth Dr8543$929,7743,133 Sq.Ft.4/8/2025Polk St4032$436,7141,508 Sq.Ft.4/9/2025Portland Ave41332$438,5774,964 Sq.Ft.5/19/2025Port Of Tacoma Rd43N/AN/AN/A35,339 Sq.Ft.6/20/2024Port View Pl1043$864,7002,511 Sq.Ft.1/24/2025Princeton St132$397,0001,080 Sq.Ft.2/2/2016Proctor St44932$563,5552,729 Sq.Ft.5/27/2025Prospect Ln1243$618,8182,110 Sq.Ft.4/30/2025Prospect St50132$527,2151,572 Sq.Ft.6/2/2025Puget Sound Ave48542$571,4432,096 Sq.Ft.5/27/2025Puyallup Ave61N/AN/AN/A30,118 Sq.Ft.11/15/2024Q St11664$669,8333,070 Sq.Ft.10/16/2024Railroad St641$413,7501,781 Sq.Ft.10/28/2019Rainwater Rd143$728,0002,284 Sq.Ft.N/ARamsdell St1N/AN/AN/A10,805 Sq.Ft.N/AReade St3131$402,9681,119 Sq.Ft.6/14/2024Regents Blvd6N/AN/AN/A4,506 Sq.Ft.4/16/2018Reginald Gutierrez Ln1N/AN/AN/A11,267 Sq.Ft.N/ARidge Dr4843$872,9382,761 Sq.Ft.3/6/2025Ridge Ln243$787,5002,340 Sq.Ft.8/3/2010Ridge Pl1343$812,6152,454 Sq.Ft.9/15/2024Ridgeview Cir4342$721,4192,465 Sq.Ft.12/1/2023Ridgewood Ave7531$452,1871,375 Sq.Ft.5/29/2025Riverfront Rd132$517,0001,782 Sq.Ft.N/ARiver Rd3732$487,1112,719 Sq.Ft.6/29/2022River St7N/AN/AN/A9,730 Sq.Ft.8/14/2018Rochester St9731$454,1781,277 Sq.Ft.5/2/2025Rock Rd1N/AN/A$382,000720 Sq.Ft.1/26/2017Roosevelt Ave22142$492,8702,035 Sq.Ft.5/21/2025Roosvelet Ave142$457,0001,417 Sq.Ft.8/31/2021Rose Ln842$601,6251,860 Sq.Ft.8/29/2023Rosemount Cir4922$690,3912,721 Sq.Ft.5/23/2025Rosemount Way952$1,266,2503,517 Sq.Ft.7/26/2023Ross Way932N/A8,733 Sq.Ft.12/21/2023R St14242$514,2732,225 Sq.Ft.2/8/2025Ruby Rus St142$879,0002,336 Sq.Ft.3/7/2011Ruby St4532$734,9111,931 Sq.Ft.4/16/2024Ruston Way61N/AN/AN/A7,070 Sq.Ft.7/25/2022Saint Andrews Ct2232$704,7732,224 Sq.Ft.9/12/2024Sales Rd2332$467,5002,960 Sq.Ft.1/30/2025Salishan Blvd3563$668,3432,684 Sq.Ft.N/ASalmon Bch8522$586,6501,399 Sq.Ft.8/4/2022San Juan Ave1N/AN/AN/AN/AN/ASawyer St2632$486,0451,393 Sq.Ft.11/21/2024Scenic Dr1943$1,107,5263,185 Sq.Ft.4/22/2025Scenic View Ln2343$1,357,5453,357 Sq.Ft.4/2/2021Schuster Pkwy7N/AN/AN/A1 Sq.Ft.4/12/1999Sealawn Ave2043$1,176,3503,098 Sq.Ft.8/6/2024Seashore Dr2232$703,1361,819 Sq.Ft.9/21/2024Seaview St4632$617,4131,848 Sq.Ft.5/28/2024Shandon Wright Way1N/AN/AN/A15,052 Sq.Ft.1/18/2013Sheridan Ave86632$493,2991,802 Sq.Ft.6/3/2025Sherman St5732$425,1581,359 Sq.Ft.4/16/2025Sherwood Ct731$420,1431,319 Sq.Ft.12/21/2022Sherwood Ln632$456,6671,523 Sq.Ft.10/10/2021Sherwood St2832$473,4291,577 Sq.Ft.9/19/2024Shirley 4-1132$607,0001,874 Sq.Ft.N/AShirley St20732$638,9003,638 Sq.Ft.5/27/2025Shorecliff Dr3443$1,241,8183,180 Sq.Ft.10/10/2024Shoshone St2832$614,3931,882 Sq.Ft.5/23/2024Side Dr12032$1,001,3962,675 Sq.Ft.6/11/2025Side To165$851,0002,848 Sq.Ft.8/8/2016Silver Bow Rd1733$836,7062,544 Sq.Ft.10/27/2021Sitcum Waterway1N/AN/AN/A1 Sq.Ft.N/ASkyline Dr10142$681,0602,076 Sq.Ft.5/27/2025Skyview Ln7722$345,8441,094 Sq.Ft.5/8/2025Skyview Pl8822$337,966930 Sq.Ft.3/13/2025Slayden Rd3033$1,024,4672,744 Sq.Ft.8/31/2023Sonia St3732$486,0811,672 Sq.Ft.10/17/2022Soundview Dr2832$861,5382,133 Sq.Ft.4/5/2024Southbay Pl843$857,0002,562 Sq.Ft.5/31/2022South Ln1531$397,4001,068 Sq.Ft.8/2/2024Spanaway Loop Rd3542$788,5524,104 Sq.Ft.3/28/2025Spokane St10931$411,5281,269 Sq.Ft.6/6/2025Sprague Ave15632$466,9574,734 Sq.Ft.3/29/2025Sprague Ct931$381,0003,952 Sq.Ft.12/13/2021Spring St543$732,0002,658 Sq.Ft.2/26/2024Spruce St1433$540,0711,642 Sq.Ft.1/29/2024Spyglass Dr3643$861,3332,732 Sq.Ft.8/23/2023Sr509 Hwy1N/AN/AN/AN/AN/AS St132$496,0001,464 Sq.Ft.9/25/2021Stadium Way11232$1,302,2533,109 Sq.Ft.2/26/202569 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
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
66 Bartell RdOakville, WA 98568
Estimated Value $401,000
Living Area 1,504 SqFt
Beds 3
Baths 1
Year Built 1941
Property Type Single Family
Ownership Type Individual
APN 160504220020
Neighborhood
N/A
School District Elma 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
27 Bartell RdOakville, WA 98568
Estimated Value $400,000
Living Area 1,848 SqFt
Beds 3
Baths 2
Year Built 1980
Property Type Manufactured Homes
Ownership Type Multiple
APN 170533340020
Neighborhood
N/A
School District Elma School District
109 Oak Meadows LnOakville, WA 98568
Estimated Value $587,000
Living Area 1,380 SqFt
Beds 3
Baths 2
Year Built 1978
Property Type Single Family
Ownership Type Individual
APN 160526220080
Neighborhood
N/A
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
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
1087 S Bank RdOakville, WA 98568
Estimated Value $1,208,000
Living Area 5,424 SqFt
Beds 3
Baths 2
Year Built 1913
Property Type Agricultural / Rural
Ownership Type Multiple
APN 170533310010
Neighborhood
N/A
School District Elma 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
214 W Main StOakville, WA 98568
Estimated Value $412,000
Living Area 1,370 SqFt
Beds 3
Baths 2
Year Built 2023
Property Type Single Family
Ownership Type Related
APN 081501300400
Subdivision Brewers
School District Oakville School District
519 Williams Creek RdOakville, WA 98568
Estimated Value $210,000
Living Area 671 SqFt
Beds 2
Baths 1.75
Year Built 2015
Property Type Cabin/Vacation Residence
Ownership Type Individual
APN 160520320060
Subdivision Williams Creek Estates
School District Oakville School District
11 Norton RdOakville, WA 98568
Estimated Value $545,000
Living Area 1,579 SqFt
Beds 3
Baths 2
Year Built 2019
Property Type Single Family
Ownership Type Individual
APN 741000000600
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
1808 S Bank RdOakville, WA 98568
Estimated Value $469,000
Living Area 1,767 SqFt
Beds 3
Baths 2.5
Year Built 2019
Property Type Single Family
Ownership Type Related
APN 741000000200
Subdivision Cedarville Fosters
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