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These days, finding an affordable place to live in the South Tacoma area can be challenging. Home prices in South Tacoma are now at a median cost of $393,278, lower than the Tacoma average of $516,587.
The average cost of rent is $1,692/mo in South Tacoma, primarily driven by the current value of real estate in the South Tacoma area. In South Tacoma, 58.73% of households rent, and 38.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Tacoma is $6,294 per month. Households that rent pay about 26.89% of their income on rent here. South Tacoma’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South End, Tacoma, WA: equally priced homes
- Central, Tacoma, WA: higher priced homes
- Eastside Enact, Tacoma, WA: equally priced homes
- New Tacoma, Tacoma, WA: higher priced homes
- North End, Tacoma, WA: higher priced homes
- West End, Tacoma, WA: higher priced homes
- Woodbrook, Lakewood, WA: equally priced homes
- Waller, Tacoma, WA: higher priced homes
- Summit, Puyallup, WA: higher priced homes
- Northeast Tacoma, Tacoma, WA: higher priced homes
Neighborhoods with Similar Populations
- Ashburn, Chicago, IL: less expensive homes
- Deanwood, Washington, DC: higher priced homes
- North Side, Mount Vernon, NY: higher priced homes
- Kips Bay, Manhattan, NY: higher priced homes
- Laurelton, Queens, NY: higher priced homes
- Millard, Omaha, NE: less expensive homes
- The Colony, Anaheim, CA: higher priced homes
- Southwest Arlington, Arlington, TX: equally priced homes
- Somerton, Philadelphia, PA: less expensive homes
- Silver Lake, Eastmont, WA: higher priced homes
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