Home Values in Tacoma, Washington — 2026 Market Report
Updated March 2026 | Seller's Market | +3.5% YoY
The median home value in Tacoma, Washington is $445,000 as of March 2026, which is above the national median of $400,000. Home values in Tacoma have increased by 3.5% over the past year and 18.8% over the last five years. With a population of 219,346 and a median household income of $57,015, the price-to-income ratio stands at 7.8x, making Tacoma affordable for the average household.
Tacoma Housing Market Conditions
| Metric | Tacoma | National Avg |
|---|---|---|
| Median Home Value | $445,000 | $400,000 |
| YoY Appreciation | +3.5% | +3.8% |
| 5-Year Appreciation | +18.8% | +22.4% |
| Price per Sq Ft | $227 | $222 |
| Days on Market | 44 days | 45 days |
| Months of Supply | 1.8 | 3.5 |
| List-to-Sale Ratio | 101% | 98.5% |
| Monthly Homes Sold | 198 | — |
| Foreclosure Rate | 0.16% | 0.3% |
Home Value Trends in Tacoma
A homeowner who purchased at the median price of $374,579 five years ago in Tacoma would have gained approximately $70,421 in equity, representing a 18.8% return on investment. Over the past year alone, the typical homeowner gained $15,048 in home equity.
Affordability in Tacoma, WA
With a median household income of $57,015 and a median home price of $445,000, the price-to-income ratio in Tacoma is 7.8x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,732 compared to estimated monthly ownership costs of $2,458 gives a rent-vs-buy ratio of 0.90. In Tacoma, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Tacoma
The effective property tax rate in Washington is 0.93%. On a home valued at $445,000, the estimated annual property tax bill is $4,139, or approximately $345/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Tacoma is 109.5 (100 = national average), indicating living costs are near the national average.
Calculate Your Mortgage Payment in Tacoma
Use our free calculator to estimate monthly payments for a $445,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Tacoma, WA?
The median home value in Tacoma, Washington is $445,000 as of March 2026. Home values have changed +3.5% over the past year, with a 5-year appreciation of 18.8%.
Is Tacoma a buyer's or seller's market?
Tacoma is currently a seller's market with 1.8 months of housing supply. Homes spend an average of 44 days on market, and the list-to-sale price ratio is 101%. Low inventory gives sellers an advantage.
Are home values going up in Tacoma?
Yes, home values in Tacoma have increased by 3.5% over the past year. The 5-year appreciation rate is 18.8%, meaning a home worth $374,579 five years ago is now worth $445,000.
Is it better to rent or buy in Tacoma?
The average monthly rent in Tacoma is $2,732, while estimated monthly homeownership costs are approximately $2,458. The price-to-rent ratio is 13.6. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Washington Cities
Related Resources
Disclaimer: Home value data for Tacoma, Washington is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.