To see the list of the most affordable neighborhoods in Tacoma for 2021 please visit our updated post “Tacoma Housing Prices by Neighborhood 2021 or visit the neighborhood guide at MovetoTacoma.com.
When I started GetRealTacoma.com as a Tacoma Real Estate Blog back in 2008, homes values in Tacoma were absolutely crashing. I would write regularly about the foreclosures and opportunities for super low priced homes and condos in Tacoma. To be honest, it was horrible. Prices fell for years. Even though all the demographic information and academic articles said our housing market would recover and thrive, after years of bad news it was hard to believe sometimes, even for those of us helping people buy and sell homes in Tacoma everyday.
Nowadays no one can deny that Tacoma’s housing market is booming, and it’s been happening for years. Tacoma is the fastest rising housing market in the US, mostly due to our relative affordability compared to Seattle, Portland, and even San Fransisco. This has created an affordability crunch for Tacomans who are from here, especially those who aren’t earning Seattle salaries and want to buy in or near Tacoma. Here is a list of median home prices in Tacoma’s most affordable neighborhoods right now:
South Tacoma Neighborhood
2019 median home price: $262,000
2016 median home price: $180,000
3 year increase: 45.5% increase
South End Tacoma Neighborhood
2019 median home price: $265,000
2016 median home price: $187,500
3 year increase: 41.3%
Fern Hill Tacoma Neighborhood
2019 median home price: $266,000
2016 median home price: $188,970
3 year increase: 40.75%
Parkland Neighborhood
2019 median home price: $268,500
2016 median home price: $208,000
3 year increase: 29%
East Tacoma Neighborhood
2019 median home price: $269,500
2016 median home price; $187,000
3 year increase: 44%
Buying a house in Tacoma and Pierce County is still possible. If you’re interested in finding an affordable home in Tacoma I’d love to answer any questions you might have. Feel free to contact me!
