Rental market snapshot for New Tacoma, Tacoma

New Tacoma rental market summary

The rental market in New Tacoma, Washington is showing signs of growth. In July 2023, there were 343 new listings, indicating an increase in the availability of rental properties. The median rent for the month of July 2023 was $1,704, which is 1.0% lower than the median rent in June 2023, but 9.7% higher than the median rent in July 2022. This suggests that rental prices are increasing in New Tacoma, but at a slower rate than the previous year.

Overall, the rental market in New Tacoma appears to be healthy and growing. The number of new listings is increasing, and while rental prices are increasing, they are doing so at a slower rate than the previous year. This indicates that the rental market is stabilizing and that renters may be able to find more affordable options in the area.

Median rent for all residential properties in New Tacoma

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The most expensive listings and top trending buildings in New Tacoma

Most Expensive Listings

AddressRent PriceBed / Bath
1019 Pacific Ave$3,3402 / 2.0
415 Saint Helens Ave$3,1741 / 1.0
415 Saint Helens Ave$3,1381 / 1.0
415 Saint Helens Ave$3,0762 / 2.0
415 Saint Helens Ave$3,0412 / 2.0

Top Trending Buildings

building nameavg rent price
Pillar Properties$2,285
Greystar Real Estate Partners LLC$2,035
Greystar*$2,009
Thrive$1,870
Zillow Rental Network$1,818

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Bedroom Breakdown in New Tacoma

Studio
$1,338
MEDIAN RENT
1 Bedroom
$1,870
MEDIAN RENT
2 Bedroom
$2,230
MEDIAN RENT

New Tacoma neighborhood apartments rents

The rental market for studios in New Tacoma, Washington is showing signs of stability. In July 2023, there were 36 new studio listings, and the median rent for studios was $1,338, a 1.6% decrease from the median rent in June 2023. This suggests that the rental market for studios in New Tacoma is not experiencing significant fluctuations in rent prices, and is likely to remain stable in the near future.

The rental market for 1-bedroom apartments in New Tacoma, Washington is showing signs of growth. In July 2023, 87 new 1-bedroom listings were added to the market, representing a 1.7% increase in median rent from the previous month. The median rent for 1-bedroom apartments in July 2023 was $1,870, up from $1,839 in June 2023. This indicates that the rental market for 1-bedroom apartments in New Tacoma is on the rise, and renters should expect to pay more for their apartments in the coming months.

The rental market for 2-bedroom apartments in New Tacoma, Washington is showing signs of growth. In July 2023, there were 31 new 2-bedroom listings, a 3.0% increase in median rent from June 2023 to July 2023, and a median rent of $2,230. This indicates that the rental market for 2-bedroom apartments in New Tacoma is on the rise, and that renters should expect to pay more for their apartments in the coming months.

Explore other Tacoma Neighborhoods

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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.

As of 2023-07-31, the median rent in New Tacoma is $1,704.
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