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These days, finding an affordable place to live in the New Tacoma area can be challenging. Home prices in New Tacoma are now at a median cost of $532,762, higher than the Tacoma average of $516,587.
The average cost of rent is $1,475/mo in New Tacoma, primarily driven by the current value of real estate in the New Tacoma area. In New Tacoma, 83.12% of households rent, and 27.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Tacoma is $4,805 per month. Households that rent pay about 30.69% of their income on rent here. New Tacoma’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Central, Tacoma, WA: equally priced homes
- North End, Tacoma, WA: higher priced homes
- Eastside Enact, Tacoma, WA: less expensive homes
- Northeast Tacoma, Tacoma, WA: higher priced homes
- South Tacoma, Tacoma, WA: less expensive homes
- West End, Tacoma, WA: higher priced homes
- South End, Tacoma, WA: less expensive homes
- Twin Lakes, Federal Way, WA: equally priced homes
- Waller, Tacoma, WA: equally priced homes
- Summit, Puyallup, WA: less expensive homes
Neighborhoods with Similar Populations
- Langley Park, Hyattsville, MD: less expensive homes
- Original Town, Carrollton, TX: less expensive homes
- Nestor, San Diego, CA: higher priced homes
- Marcy Holmes, Minneapolis, MN: less expensive homes
- Manayunk, Philadelphia, PA: less expensive homes
- Macdonald Ranch, Henderson, NV: higher priced homes
- Lower Vailsburg, Newark, NJ: less expensive homes
- Lowell, La Habra, CA: higher priced homes
- Locust Manor, Queens, NY: higher priced homes
- 441 Corridor, Hollywood, FL: less expensive homes
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