Tacoma, WA
Pierce County · Pop. 219,346
Ranked #182 of 243 cities
30Crisis
Median Home Price
🏠$450K
4.5% YoY
Median Rent
🔑$1,650
3.5% YoY
Median Income
💰$58K
Rent Burden
📊34.5%
% of income to rent
Income to Buy
🏦$129K
annual income needed
Income to Rent
📝$66K
annual income needed
Price-to-Income
⚖️7.8x
Homeownership
🏡48.0%
Rent vs. Buy
Buy
$2,395/mo
Est. mortgage (7%, 20% down)
Need $129K/yr income
Rent
$1,650/mo
Median rent
Need $66K/yr income
How Tacoma Compares
| Metric | Tacoma | Washington | National |
|---|---|---|---|
| Home Price | $450K | $576K | $410K |
| Rent | $1,650 | $1,731 | $1,500 |
| Income | $58K | $95K | $75K |
| Rent Burden | 34.5% | 35.0% | 30.0% |
Key Takeaways
- • Home prices in Tacoma are 10% higher than the national average.
- • Rent is 10% higher than the national average.
- • You need an income of $129K to comfortably buy a home here.
- • The homeownership rate is 48.0%, compared to 65.0% nationally.