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
Starr St5132$862,6602,081 Sq.Ft.1/10/2025State1N/AN/AN/AN/AN/AState Route 5071N/AN/AN/AN/A5/28/2020State Route 509332$200,0009,424 Sq.Ft.N/AState Route 509 N Frontage Rd2N/AN/AN/A1 Sq.Ft.N/AState Route 509 S Frontage Rd1N/AN/AN/AN/AN/AState St20632$477,2348,157 Sq.Ft.5/21/2025Steele 1127 M St153$751,0002,660 Sq.Ft.10/5/2016Steele Part Of St1N/AN/AN/AN/AN/ASteele St30132$590,2158,664 Sq.Ft.5/24/2025Stevens1N/AN/AN/AN/AN/AStevens St40032$607,5981,825 Sq.Ft.3/25/2025Stewart St8N/AN/AN/A19,701 Sq.Ft.6/2/2025St Helens Ave7811$552,03011,066 Sq.Ft.4/6/2025Stonegate Ave2532$545,6801,356 Sq.Ft.12/13/2023St Paul Ave19N/AN/A$864,00049,027 Sq.Ft.12/12/2024Summit Rd1143$1,340,2733,324 Sq.Ft.5/9/2024Sunray Dr254$1,344,5004,917 Sq.Ft.11/4/2022Sunset Beach Rd1732$1,186,5882,332 Sq.Ft.6/12/2024Sunset Cir1521$466,9331,001 Sq.Ft.7/5/2023Sunset Ct543$1,293,6003,122 Sq.Ft.7/4/2022Sunset Dr19343$976,8022,790 Sq.Ft.3/7/2025Sunset Pl342$758,0002,485 Sq.Ft.8/21/2019Suspension Dr143$1,013,0002,992 Sq.Ft.1/13/2000Swan Creek Dr2541$402,1601,231 Sq.Ft.5/12/2025Sweet St3932$471,0511,527 Sq.Ft.6/8/2023Tacoma Ave86432$533,1293,188 Sq.Ft.5/17/2025Tacoma Ct1223$438,3001,268 Sq.Ft.7/22/2022Tacoma Mall Blvd11331$436,66717,802 Sq.Ft.2/19/2025Tacoma Way37531$1,123,0007,918 Sq.Ft.5/3/2025Tahoma Pl133$1,091,0003,214 Sq.Ft.N/ATanglewood Ave1131$383,1821,089 Sq.Ft.9/20/2023Taylor Way55N/AN/AN/A45,590 Sq.Ft.11/2/2021Terrace Dr343$918,3333,229 Sq.Ft.3/28/2019Thompson Ave48831$438,8151,446 Sq.Ft.6/11/2025Thorne Rd19N/AN/AN/A30,469 Sq.Ft.8/15/2024Thru 15 Lawrence St142$516,0001,648 Sq.Ft.11/10/1997Thurston St1142$494,8001,571 Sq.Ft.10/26/2023Titlow Rd1632$650,8132,007 Sq.Ft.10/17/2023To 1016 A-F Martin Luther King Way1N/AN/AN/A11,000 Sq.Ft.6/7/2021To 11201N/AN/AN/A24,000 Sq.Ft.9/12/2002To 1121 Market St1N/AN/AN/AN/A9/1/2017To 11291N/AN/AN/A22,500 Sq.Ft.11/26/2019To 11321N/AN/AN/A30,000 Sq.Ft.N/ATo 11481N/AN/AN/A27,000 Sq.Ft.8/30/1999To 11581N/AN/AN/A102,708 Sq.Ft.12/20/2016To 1218 Martin Luther King Fr Way11N/A$2,361,00016,755 Sq.Ft.1/17/2014To 1419 Martin Luther King J Way1N/AN/AN/AN/AN/ATo 1500 Dock St1N/AN/AN/AN/AN/ATo 1709 Martin Luther King Dr Way131N/A990 Sq.Ft.10/16/2008To 201104$672,0003,750 Sq.Ft.N/ATo 34112N/A1N/A480 Sq.Ft.N/ATo 35291N/AN/AN/A3,260 Sq.Ft.7/5/2024To 35391N/AN/AN/A2,300 Sq.Ft.N/ATo 57133$1,917,0004,876 Sq.Ft.1/30/2003To 6161N/AN/AN/A1,023 Sq.Ft.12/19/2016To 7041N/AN/AN/A3,135 Sq.Ft.1/4/2018To 7141N/AN/AN/A18,000 Sq.Ft.N/ATo 7201N/AN/AN/A18,000 Sq.Ft.N/ATo 7381N/AN/AN/A24,000 Sq.Ft.9/26/2017To 7411N/AN/AN/A15,000 Sq.Ft.7/2/2014To 7441N/AN/AN/A20,352 Sq.Ft.3/26/2022To 7451N/AN/AN/A16,500 Sq.Ft.N/ATo 7471N/AN/AN/AN/AN/ATo 7531N/AN/AN/A18,000 Sq.Ft.7/28/2023To 7561N/AN/AN/A13,610 Sq.Ft.N/ATo 7641N/AN/AN/A19,556 Sq.Ft.5/14/2014To 8041N/AN/AN/A3,685 Sq.Ft.8/15/2016To 9091N/AN/AN/A23,000 Sq.Ft.N/ATo 9131N/AN/AN/A13,306 Sq.Ft.N/ATo 9172N/AN/AN/A42,328 Sq.Ft.N/ATo 919 South Head Ave11410N/A12,179 Sq.Ft.2/9/2007To 9421N/AN/AN/A6,000 Sq.Ft.N/ATo 9561N/AN/AN/A5,100 Sq.Ft.5/16/2024Tok-A-Lou1N/AN/AN/AN/A6/9/2016Tok-A-Lou-Av133$1,017,0002,578 Sq.Ft.4/16/2015Tok A Lou Ave4733$1,167,9332,547 Sq.Ft.5/10/2024Ton A Wan Da Ave1932$786,7062,148 Sq.Ft.8/10/2024Tonia St4132$455,5371,478 Sq.Ft.2/10/2025Tower Dr2133$844,5502,380 Sq.Ft.2/27/2025Tower Ln633$835,6672,380 Sq.Ft.8/26/2021Town Ctr1N/AN/AN/A2,786 Sq.Ft.1/26/2017Trafton St19332$491,9451,747 Sq.Ft.6/3/2025T St11742$476,8291,646 Sq.Ft.12/6/2024Tulalip St552$1,014,3332,837 Sq.Ft.4/2/1996Tule Lake Ave1932$578,6322,074 Sq.Ft.9/16/2023Tule Lake Ct532$792,8002,966 Sq.Ft.6/15/2022Tule Lake Dr833$604,6252,589 Sq.Ft.3/2/2017Tule Lake Rd8232$506,1751,786 Sq.Ft.6/2/2025Twin Berry Ave1233$545,3331,672 Sq.Ft.12/14/2024Tyler St40332$510,0673,384 Sq.Ft.5/13/2025Union Ave34332$785,5505,856 Sq.Ft.5/2/2025Uplands Way143$3,167,0004,860 Sq.Ft.6/26/2018Upland Ter2543$964,6252,749 Sq.Ft.12/27/2022Upper Park St753$757,7502,632 Sq.Ft.9/9/2024Valley View Ter1132$561,1822,112 Sq.Ft.12/6/2024Varco Rd4532$1,004,0232,768 Sq.Ft.10/2/2024Vassault St25832$637,3783,017 Sq.Ft.5/20/2025Ventura Dr3133$1,152,7422,955 Sq.Ft.9/26/2024Verde St33732$570,9611,885 Sq.Ft.6/4/2025214 W Oak StOakville, WA 98568
Estimated Value $358,000
Living Area 1,530 SqFt
Beds 3
Baths 2.75
Year Built 1947
Property Type Single Family
Ownership Type Multiple
APN 081501600300
Subdivision Brewers
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
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
501 Williams Creek RdOakville, WA 98568
Estimated Value $316,000
Living Area 924 SqFt
Beds 2
Baths 3
Year Built 1979
Property Type Manufactured Homes
Ownership Type Individual
APN 160520310030
Subdivision William Creek Estates
School District Oakville School District
231 Oak Meadows LnOakville, WA 98568
Estimated Value $595,000
Living Area 1,552 SqFt
Beds 3
Baths 2
Year Built 1992
Property Type Single Family
Ownership Type Multiple
APN 160526420030
Subdivision Oak Mdws
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
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
404 E Main StOakville, WA 98568
Estimated Value $314,000
Living Area 944 SqFt
Beds 1
Baths 1.75
Year Built 2021
Property Type Single Family
Ownership Type Individual
APN 084001200400
Subdivision Town Of Oakville
School District Oakville School District
101 Riding RdOakville, WA 98568
Estimated Value $668,000
Living Area 1,869 SqFt
Beds 3
Baths 3
Year Built 2008
Property Type Single Family
Ownership Type Related
APN 170529430040
Neighborhood
N/A
School District Elma 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
5875 Us Highway 12Oakville, WA 98568
Estimated Value $520,000
Living Area 1,200 SqFt
Beds 2
Baths 3
Year Built 1983
Property Type Manufactured Homes
Ownership Type Related
APN 170534220010
Neighborhood
N/A
School District Elma School District
9 Craftdale RdOakville, WA 98568
Estimated Value $476,000
Living Area 1,344 SqFt
Beds 3
Baths 2
Year Built 1980
Property Type Manufactured Homes
Ownership Type Related
APN 160515220040
Neighborhood
N/A
School District Oakville School District
24 Bennett LnOakville, WA 98568
Estimated Value $482,000
Living Area 1,940 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Single Family
Ownership Type Related
APN 741000001800
Subdivision Cedarville Fosters
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
86 Cedar Ridge LnOakville, WA 98568
Estimated Value $523,000
Living Area 1,809 SqFt
Beds 3
Baths 2
Year Built 1998
Property Type Manufactured Homes
Ownership Type Related
APN 160419430050
Subdivision Capitol Ridge
School District Oakville 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