Tacoma Real Estate
Affordable Puget Sound entry point with waterfront properties, historic neighborhoods, and growing arts scene. Strong value with steady appreciation.
Market Analysis
Market Forecast
Steady appreciation expected with affordability attracting buyers from Seattle. Growing arts scene and revitalization support property values.
What Drives Property Values
Waterfront Access
Properties with Puget Sound views or waterfront access command premium prices.
Historic Neighborhoods
Historic homes with character and modern updates are highly sought after.
Proximity to Seattle
Affordable alternative to Seattle with easy commute attracts buyers seeking value.
Growing Arts Scene
Revitalization and growing arts scene enhance property values and community appeal.
Port and Military Economy
Stable economy driven by Port of Tacoma and Joint Base Lewis-McChord supports property values.
Sought-After Amenities & ROI Impact
interior Amenities
Renovated Historic Homes
high demandModern Kitchens
high demandModern Updates
high demandlocation Amenities
Waterfront Views
high demandCultural Attractions
medium demandtechnology Amenities
Energy-Efficient Features
medium demandLocation Factors
Economy
Major Employers
- •Port of Tacoma
- •Joint Base Lewis-McChord
- •MultiCare Health System
- •Tacoma Public Schools
- •University of Washington Tacoma
- •State of Washington
Industries
Economic Stability: Stable economy with diverse employment base including port, military, healthcare, and education. Growing arts and culture scene.
Commute & Transportation
Average Commute Time
20-30 minutes locally, 45-60 minutes to Seattle
Transportation Options
- •Pierce Transit
- •Sound Transit (connections to Seattle)
- •Tacoma Link (light rail)
- •Highway access (I-5)
- •Sea-Tac Airport (30 minutes)
Proximity: 30 miles to Seattle, 3 hours to Portland
Schools
District Rating
B+ ratingNotable Schools
- •Stadium High School
- •Wilson High School
- •Tacoma School of the Arts
- •Various private schools
Higher Education
- •University of Washington Tacoma
- •Pacific Lutheran University
- •Tacoma Community College
Demographics
Population
220,000+
Median Age
35 years
Lifestyle
Diverse, arts-focused community with historic charm, waterfront access, and growing cultural scene
Neighborhood Insights
North End
Historic area with charming homes, waterfront views, and vibrant community.
Characteristics
- •Historic charm
- •Waterfront views
- •Vibrant community
- •Walkable
- •Cultural attractions
Price Range
$500,000 - $1,000,000
Lifestyle: Ideal for those seeking historic charm and waterfront access
Proctor District
Walkable neighborhood with local shops, restaurants, and community feel.
Characteristics
- •Walkable
- •Local shops
- •Community feel
- •Good restaurants
- •Family-friendly
Price Range
$450,000 - $850,000
Lifestyle: Urban living with community amenities
Downtown Tacoma
Revitalized downtown with cultural attractions, museums, and growing residential options.
Characteristics
- •Cultural attractions
- •Museums
- •Growing residential
- •Urban amenities
- •Historic buildings
Price Range
$300,000 - $700,000
Lifestyle: Urban living with cultural amenities
Investment Opportunities
Rental Market
Average Rent
$1,600 - $2,400/month
Rental Yield
4.0-5.0%
Demand
high demandAppreciation Potential
Potential
medium-high potentialHistorical Rate
2-3% annually
Steady 2-3% annual appreciation expected with affordability attracting buyers from Seattle
Equity Statistics
High Equity Homes
65%
Homes with over 50% equity
Fully Paid Off
22,000 properties
Good equity position with steady appreciation
Investment Strategy
Strong value proposition with affordability. Focus on historic homes with renovation potential. Rental demand is strong from military and port workers. Waterfront properties offer highest appreciation potential.
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