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Tacoma

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

Median Home$508,349
Median Rent$1,718/month
Population222,791
Leading IndustriesArts, Food & Hospitality · Transportation · Professional Services8% arts, food & hospitality
Home Value Growth+3.7% over 2 years
Young Adults33% of residentswell above average
Homeowners56% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableTransit81/100 · excellent transit access
Tacoma
WA

Frequently Asked Questions

What are today's mortgage rates in Tacoma?

As of today, the 30-year fixed mortgage rate for Tacoma is approximately 6.916% (6.953% 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 $508k. The median monthly rent is $1,718. Annual property taxes average $5k. 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 3.7% over the past two years. This represents moderate growth. 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 $1,807/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tacoma is $88k/year.

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What industries drive the economy in Tacoma?

The largest employment sectors in Tacoma are public administration (26%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.