Rental market snapshot for Tacoma, Washington

Tacoma, Washington Rental Property Market Overview

The average rent for an apartment in Tacoma is $2,069. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -3.0% over the past year.

Tacoma is a mid-sized urban port city in and the county seat of Pierce County, Washington, United States. The city is on Washington's Puget Sound, 32 miles (51 km) southwest of Seattle (of which it is the largest satellite city), 31 miles (50 km) northeast of the state capital, Olympia, and 58 miles (93 km) northwest of Mount Rainier National Park. Tacoma also serves as the center of business activity for the South Sound region, which has a population of around 1 million. Tacoma adopted its name after the nearby Mount Rainier, originally called Takhoma or Tahoma. It is locally known as the "City of Destiny" because the area was chosen to be the western terminus of the Northern Pacific Railroad in the late 19th century. The decision of the railroad was influenced by Tacoma's neighboring deep-water harbor, Commencement Bay. By connecting the bay with the railroad, Tacoma's motto became "When rails meet sails."

Last Updated December 23, 2022

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

Average monthly rent graph in Tacoma Washington | Cost of Living

  • The most expensive ZIP Code in Tacoma is 98422 with an average price of $2,695
  • The cheapest ZIP Code in Tacoma is 98499 with an average price of $1,295

Tacoma ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
198422$2,695
298498$2,508
398404$2,495
498406$2,482
598445$2,400
698407$2,339
798465$2,329
898446$2,295
998408$2,250
1098444$2,250

Live near Tacoma, Washington's Top Sights and Attractions

Peck Field is a historic baseball stadium located in Tacoma, Washington. The stadium was home to the Tacoma Tigers minor league baseball team from 1912 to 1938. The stadium has a capacity of 3,500 people and is currently used by the University of Washington Tacoma for its baseball and softball teams.

Pdza Grounds is an attraction located in Tacoma, Washington that features a variety of animals, including lions, tigers, and bears. Visitors can view the animals up close, and learn about their natural habitats and behaviors.

Jefferson Park is a beautiful, serene park located in the heart of Tacoma. The park is home to a variety of birds and wildlife, and features a large pond, walking trails, and a playground. Jefferson Park is the perfect place to relax and enjoy the outdoors.

SERA Playground and Sprayground is an attraction located in Tacoma, Washington that features a playground, sprayground, and picnic area. The playground features a variety of equipment for children of all ages, including slides, swings, and climbing structures. The sprayground is a water play area with spraying fountains, jets, and sprinklers. The picnic area includes tables and chairs for families to enjoy a meal or snack.

Point Defiance Park is a large urban park in Tacoma, Washington. The park is located on a peninsula and features several miles of hiking trails, a beach, a marina, and a zoo.

Point Defiance Boathouse Grounds is a public park located on the waterfront in Tacoma, Washington. The park features a boathouse, picnic areas, a playground, and a walking trail. The boathouse is available for rentals and features a large deck overlooking the water.

The University of Puget Sound is a private university located in Tacoma, Washington. The university was founded in 1888 and is affiliated with the Presbyterian Church. The university has an enrollment of approximately 3,000 students. The university's campus is located on a hill overlooking downtown Tacoma and the Puget Sound. The university is known for its strong programs in the liberal arts and sciences.

Wapato Park is a public park located in Tacoma, Washington. The park is situated on the north bank of the Thea Foss Waterway, and features a variety of amenities including a playground, picnic tables, a walking trail, and a public art installation.

Tacoma, Washington area median rent change by ZIP Code map

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

How does Tacoma compare to other cities in Washington ?

citymedian price
Gig Harbor$2,310
Enumclaw$1,899
Bremerton$1,825
Orting$2,610
Des Moines$2,595
North Bend$2,890
Pullman$750
Mill Creek$2,505

Average household income in Tacoma area graph - US Census

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

The median household income in Tacoma in 2021 was $64,457. This represents a 30.9% change from 2011 when the median was $49,232.

#categorypercent
0Less than $10,0005.9%
1$10,000 to $14,9994.1%
2$15,000 to $19,9993.6%
3$20,000 to $24,9993.8%
4$25,000 to $29,9994.0%
5$30,000 to $34,9994.1%
6$35,000 to $39,9993.8%
7$40,000 to $44,9994.8%
8$45,000 to $49,9993.7%
9$50,000 to $59,9998.5%
10$60,000 to $74,99910.8%
11$75,000 to $99,99913.5%
12$100,000 to $124,99910.9%
13$125,000 to $149,9996.3%
14$150,000 to $199,9996.9%
15$200,000 or more5.4%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
Made withDataherald