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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 $146,703, lower than the Virginia average of $443,089.
The average cost of rent is $808/mo in Tacoma, primarily driven by the current value of real estate in the Tacoma area. In Tacoma, 28.39% of households rent, and 51.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tacoma is $4,786 per month. Households that rent pay about 16.89% of their income on rent here. Tacoma’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Coeburn, VA: less expensive homes
- Wise, VA: equally priced homes
- Toms Creek, VA: less expensive homes
- Norton, VA: less expensive homes
- Cranes Nest, VA: less expensive homes
- Stephens, VA: less expensive homes
- Stony, VA: less expensive homes
- Dungannon, VA: less expensive homes
- Round Top, VA: less expensive homes
- Carfax, VA: less expensive homes
Cities with Similar Populations
- West Richfield, OH: higher priced homes
- Custer City, PA: higher priced homes
- Cutter, WI: higher priced homes
- Dairyville, CA: higher priced homes
- Daisy, KY: less expensive homes
- Dalby Springs, TX: less expensive homes
- Dale, NY: higher priced homes
- Dellrose, TN: higher priced homes
- Deloit, IA: higher priced homes
- Dove Creek, GA: higher priced homes
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