Home Price Key
Affordable
Average
Expensive
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 $358,292, lower than the Washington average of $453,663.
The average cost of rent is $1,509/mo in Tacoma, primarily driven by the current value of real estate in the Tacoma area. While nearly 30.35% of residents own their homes outright in Tacoma, 41.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tacoma is $6,516 per month. Households that rent pay about 23.16% of their income on rent here. Tacoma's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Fircrest, WA: higher priced homes
- Midland, WA: less expensive homes
- University Place, WA: higher priced homes
- Fife, WA: equally priced homes
- Parkland, WA: less expensive homes
- Lakewood, WA: less expensive homes
- Ruston, WA: higher priced homes
- Clover Creek, WA: higher priced homes
- Milton, WA: equally priced homes
- Steilacoom, WA: higher priced homes
Cities with Similar Populations
- Charleston, SC: equally priced homes
- Chandler, AZ: equally priced homes
- Chula Vista, CA: higher priced homes
- Carlsbad, CA: higher priced homes
- Centreville, VA: higher priced homes
- Chapel Hill, NC: less expensive homes
- Carolina, PR: less expensive homes
- Cheektowaga, NY: less expensive homes
- Cedar Park, TX: equally priced homes
- Cedar Rapids, IA: less expensive homes
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