Zip 98406 (Tacoma, WA) Housing

The housing median value in Tacoma, WA 98406 is $557,300, which is significantly higher than the US housing median value of $338,100. Additionally, while the US house appreciation rate for one year was 8.27%, the appreciation rate for houses in Tacoma was only 4.80%. This indicates that housing prices in Tacoma have been increasing at a much slower rate than the national average. Therefore, those looking to invest in housing should consider this potential discrepancy when deciding whether or not to invest in Tacoma's real estate market.

The median home cost in Tacoma (zip 98406) is $557,300. Home appreciation the last 10 years has been 176.6%. Home Appreciation in Tacoma (zip 98406) is up 12.3%.

Average Age of Homes

- The median age of Tacoma (zip 98406) real estate is 57 years old

The Rental Market in Tacoma (zip 98406)

- Renters make up 35.9% of the Tacoma (zip 98406) population
- 1.0% of houses and apartments in Tacoma (zip 98406), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Tacoma, Washington	United States
	10,348.0	139,647,020.0
	59	42
	$557,300	$338,100
	12.3%	16.6%
	80.1%	57.0%
	176.6%	101.1%
	$10.73	$10.98
	$4,521	$2,690
	61.7%	57.4%
	4.2%	11.2%
	34.1%	31.4%
Vacant Housing
	1.0%	1.9%
	0.2%	0.4%
	0.5%	0.7%
	1.1%	0.4%
	0.1%	3.6%
	1.3%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.6%	3.9%
	0.6%	4.5%
	0.8%	11.3%
	2.6%	13.0%
	10.4%	20.1%
	29.5%	13.6%
	25.4%	8.3%
	24.9%	9.7%
	4.0%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.9%	13.6%
	4.9%	13.6%
	6.2%	13.6%
	14.5%	13.2%
	12.2%	14.8%
	6.2%	13.6%
	11.0%	10.0%
	12.2%	4.7%
	24.4%	12.2%

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