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These days, finding an affordable place to live in the Tacoma area can be challenging. Home prices in Tacoma are now at a median cost of $523,099, lower than the Colorado average of $579,698.
The average cost of rent is $1,075/mo in Tacoma, primarily driven by the current value of real estate in the Tacoma area. In Tacoma, 25.29% of households rent, and 56.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tacoma is $5,006 per month. Households that rent pay about 21.47% of their income on rent here. Tacoma’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
- Free Hope, AR: less expensive homes
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