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Tacoma

Learn about the people, housing, costs and businesses in Tacoma, Virginia

Median Home$116,592
Median Rent$789/month
Population209
Leading IndustriesTransportation · Manufacturing · Agriculture & Mining4% transportation
Home Value Growth⬆⬆+18.2% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners72% of occupied units
NotableAffordable Market$117k median home · lower cost than 86% of the country
Tacoma
VA

Frequently Asked Questions

What are today's mortgage rates in Tacoma?

As of today, the 30-year fixed mortgage rate for Tacoma is approximately 6.900% (6.936% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Tacoma?

The median home value in Tacoma is $117k. The median monthly rent is $789. Annual property taxes average $761. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tacoma?

Home values in Tacoma have increased 18.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Tacoma?

Based on a typical all-in ownership cost of $667/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tacoma is $56k/year.

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What industries drive the economy in Tacoma?

The largest employment sectors in Tacoma are public administration (23%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.