Foreclosure Homes in Tacoma, WA

Current Market Conditions in Tacoma, WA

The current real estate market in Tacoma is competitive, fueled by a growing demand for housing as more people are drawn to the area. Housing prices have steadily increased, and available properties are often selling faster than in previous years. The city’s revitalization efforts and proximity to Seattle contribute to its appeal, making Tacoma a hotspot for homebuyers and investors alike.

In recent months, the housing market has shown signs of stabilization, although prices remain higher than the previous year due to limited inventory and increasing interest from buyers. New construction projects are underway to meet the demand, particularly in desirable neighborhoods close to downtown and the waterfront.

Rent Prices In Tacoma, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tacoma, WA, is on a rollercoaster ride. The average rent price in Tacoma, WA, is $1,646.00. Indeed, when looking to rent in Tacoma, WA, you can expect to pay as little as $640.00 or as much as $5,780.00, with the average rent median estimated to be $1,600.00. The good news is that finding an affordable and desirable property to rent in Tacoma, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.