Rental market snapshot for South Tacoma, Tacoma

South Tacoma rental market summary

The rental market in South Tacoma, Washington is showing signs of stability. In July 2023, there were 190 new listings, indicating that the market is still active. The median rent for the month of July 2023 was $1,545, which is the same as the median rent for June 2023. This indicates that the rental market in South Tacoma is not experiencing any significant changes in rent prices. When compared to the median rent from July 2022, the rent has decreased by 3.3%, indicating that the rental market is becoming more affordable.

Overall, the rental market in South Tacoma, Washington is showing signs of stability. The number of new listings and the median rent prices have remained consistent over the past few months, indicating that the market is not experiencing any significant changes. This is good news for renters, as it suggests that rent prices are becoming more affordable.

Median rent for all residential properties in South Tacoma

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The most expensive listings and top trending buildings in South Tacoma

Most Expensive Listings

AddressRent PriceBed / Bath
3509 S Orchard St$2,9173 / 2.0
3307 S 43rd St$2,8503 / 2.5
4033 S Junett St$2,8504 / 3.5
4035 S 66th St$2,8003 / 3.0
5307 S Fife St$2,8004 / 2.0

Top Trending Buildings

building nameavg rent price
11Residential Inc.$1,715
GRE Management LLC$1,546
Greystar Real Estate Partners LLC$1,505
Dobler Management Company Inc.$1,337
DoblerManagement$1,235

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Bedroom Breakdown in South Tacoma

Studio
$1,325
MEDIAN RENT
1 Bedroom
$1,355
MEDIAN RENT
2 Bedroom
$1,694
MEDIAN RENT

South Tacoma neighborhood apartments rents

The rental market for studios in South Tacoma, Washington is showing signs of growth. In July 2023, there were 6 new studio listings, indicating an increase in demand for rental units. The median rent for studios in July 2023 was $1,325, a decrease of 5.4% from the median rent in June 2023 of $1,400. This suggests that the rental market is becoming more competitive, with landlords offering lower rents to attract tenants. Overall, the rental market for studios in South Tacoma appears to be on the rise.

The rental market for 1-bedroom apartments in South Tacoma, Washington is showing signs of growth. In July 2023, there were 17 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,355, a decrease of 2.2% from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in South Tacoma, Washington appears to be on the rise.

The rental market for 2-bedroom apartments in South Tacoma, Washington is showing signs of growth. In July 2023, there were 17 new 2-bedroom listings, a 2.7% increase in median rent from June 2023 to July 2023, and a median rent of $1,694. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.

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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 South Tacoma is $1,545.
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