Zip 98407 (Tacoma, WA) Housing

The housing market in 98407 Tacoma, WA is currently at a median value of $574,500, which is significantly higher than the US House Median Value of $338,100. The US has seen an 8.27% increase in house values over the past year, while 98407 Tacoma has had a much lower increase of 4.80%. Despite this lower rate of appreciation, 98407 Tacoma still offers an attractive housing market for potential buyers and investors.

The median home cost in Tacoma (zip 98407) is $574,500. Home appreciation the last 10 years has been 176.6%. Home Appreciation in Tacoma (zip 98407) is up 12.3%.

Average Age of Homes

- The median age of Tacoma (zip 98407) real estate is 52 years old

The Rental Market in Tacoma (zip 98407)

- Renters make up 38.0% of the Tacoma (zip 98407) population
- 2.7% of houses and apartments in Tacoma (zip 98407), 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
	10,226.0	139,647,020.0
	53	42
	$574,500	$338,100
	12.3%	16.6%
	80.1%	57.0%
	176.6%	101.1%
	$11.53	$10.98
	$5,331	$2,690
	61.2%	57.4%
	6.5%	11.2%
	32.2%	31.4%
Vacant Housing
	2.7%	1.9%
	0.8%	0.4%
	0.1%	0.7%
	0.4%	0.4%
	0.7%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.3%	2.4%
	0.4%	2.8%
	0.2%	3.9%
	0.1%	4.5%
	1.1%	11.3%
	0.3%	13.0%
	10.0%	20.1%
	23.6%	13.6%
	21.0%	8.3%
	25.1%	9.7%
	12.9%	3.9%
	3.3%	2.2%
	0.2%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.6%	13.6%
	6.6%	13.6%
	6.6%	13.6%
	11.6%	13.2%
	13.9%	14.8%
	6.6%	13.6%
	8.3%	10.0%
	7.9%	4.7%
	25.0%	12.2%

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