Zip 98408 (Tacoma, WA) Housing

The housing market in 98408 Tacoma, WA is a bit below the national average. The median value of homes in the area is $391,800, which is 15% higher than the US median of $338,100. However, the house appreciation rate in Tacoma over the past year has been 4.80%, significantly lower than the US 8.27%. This indicates that home prices are not appreciating as quickly in Tacoma compared to other parts of the country.

The median home cost in Tacoma (zip 98408) is $391,800. Home appreciation the last 10 years has been 176.6%. Home Appreciation in Tacoma (zip 98408) is up 12.3%.

Average Age of Homes

- The median age of Tacoma (zip 98408) real estate is 60 years old

The Rental Market in Tacoma (zip 98408)

- Renters make up 36.8% of the Tacoma (zip 98408) population
- 0.7% of houses and apartments in Tacoma (zip 98408), 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
	8,481.0	139,647,020.0
	66	42
	$391,800	$338,100
	12.3%	16.6%
	80.1%	57.0%
	176.6%	101.1%
	$9.86	$10.98
	$2,825	$2,690
	61.6%	57.4%
	4.2%	11.2%
	34.2%	31.4%
Vacant Housing
	0.7%	1.9%
	0.2%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	1.2%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.6%	4.5%
	3.1%	11.3%
	10.4%	13.0%
	39.8%	20.1%
	33.9%	13.6%
	7.7%	8.3%
	1.8%	9.7%
	0.3%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.6%	13.6%
	5.6%	13.6%
	5.8%	13.6%
	6.6%	13.2%
	10.7%	14.8%
	5.8%	13.6%
	17.5%	10.0%
	16.5%	4.7%
	24.0%	12.2%

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