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
Xxx Unknown34N/AN/A$131,000624 Sq.Ft.12/1/1999Xxx Unknown Rd3N/AN/AN/AN/AN/AXxx Varco Rd1N/AN/A$473,000N/A1/19/2000Xxx Vickery Ave14N/AN/A$435,667481 Sq.Ft.1/28/2025Xxx View Ridge Dr1N/AN/AN/AN/AN/AXxx Violet Meadow St3N/AN/A$317,6671,920 Sq.Ft.8/24/2017Xxx Waller Rd25N/AN/A$325,333405 Sq.Ft.10/4/2021Xxx Wana-Wana Pl1N/AN/AN/AN/A11/20/2018Xxx Wan-I-Da Ave3N/AN/AN/AN/AN/AXxx Wa-Tau-Ga Ave3N/AN/A$461,000N/A5/12/2005Xxx Water St2N/AN/AN/AN/AN/AXxx Way1N/AN/AN/AN/AN/AXxx West Rd6N/AN/AN/AN/AN/AXxx Westridge Ave2N/AN/AN/AN/AN/AXxx Wheeler St3N/AN/A$448,0001 Sq.Ft.N/AXxx Whitman St1012$666,000646 Sq.Ft.3/22/2022Xxx Wilkeson St1N/AN/AN/AN/AN/AXxx Wilton Rd11N/AN/AN/AN/A6/12/2017Xxx Yakima Ave12N/AN/A$322,167858 Sq.Ft.9/26/2023Yacht Club Rd213N/AN/AN/A918 Sq.Ft.2/13/2015Yakima Ave92032$536,0163,012 Sq.Ft.6/10/2025Yakima Ct6522$434,5941,416 Sq.Ft.8/22/20246 Meyers LnOakville, WA 98568
Estimated Value $596,000
Living Area 2,124 SqFt
Beds 3
Baths 2
Year Built 2020
Property Type Single Family
Ownership Type Related
APN 160510320010
Neighborhood
N/A
School District Oakville School District
223 Williams Creek RdOakville, WA 98568
Estimated Value $422,000
Living Area 1,316 SqFt
Beds 3
Baths 1.5
Year Built 1900
Property Type Single Family
Ownership Type Individual
APN 160521440020
Neighborhood
N/A
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
38 Craftdale RdOakville, WA 98568
Estimated Value $1,057,000
Living Area 3,282 SqFt
Beds 3
Baths 5
Year Built 2015
Property Type Single Family
Ownership Type Related
APN 160509440020
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
1356 S Bank RdOakville, WA 98568
Estimated Value $669,000
Living Area 2,094 SqFt
Beds 3
Baths 3
Year Built 1995
Property Type Single Family
Ownership Type Related
APN 160504410030
Subdivision Grays Harbor County Ssa 95-01
School District Oakville School District
13 Meyers LnOakville, WA 98568
Estimated Value $714,000
Living Area 2,490 SqFt
Beds 3
Baths 2.5
Year Built 2007
Property Type Single Family
Ownership Type Related
APN 160509440050
Subdivision Grays Hbr Cnty Large Lt
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
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
8 Craftdale RdOakville, WA 98568
Estimated Value $785,000
Living Area 3,419 SqFt
Beds 2
Baths 2.5
Year Built 2008
Property Type Single Family
Ownership Type Related
APN 160510330030
Neighborhood
N/A
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
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
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
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
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
49 Cedar Ridge LnOakville, WA 98568
Estimated Value $580,000
Living Area 2,304 SqFt
Beds 3
Baths 1.75
Year Built 2004
Property Type Single Family
Ownership Type Related
APN 160419430080
Subdivision Capitol Ridge
School District Oakville School District