Mortgage Rates in Tacoma, Washington — March 2026
Updated March 2026 | Based on Tacoma market data and regional lending conditions
Tacoma is a mid-sized city in Washington with a population of 219,346. The current 30-year fixed mortgage rate in Tacoma is 6.57%, which is 0.08% below the national average. With a median home price of $445,000 and a 20% down payment of $89,000, homebuyers can expect a monthly principal and interest payment of approximately $2,267.
Current Mortgage Rates in Tacoma, WA
Below are the current average mortgage rates available in the Tacoma area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.57% | 6.65% | -0.08% |
| 15-Year Fixed | 5.81% | 5.89% | -0.08% |
| 5/1 ARM | 6.07% | 6.15% | -0.08% |
| FHA | 6.17% | 6.25% | -0.08% |
| VA | 5.97% | 6.05% | -0.08% |
| Jumbo | 6.77% | 6.85% | -0.08% |
Tacoma Housing Market Overview
The Tacoma housing market reflects moderate demand with prices near the national average. The median household income in Tacoma is $57,015, and the cost of living index is 109.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $111,943 to comfortably afford the median-priced home in Tacoma, which exceeds the current median household income.
Monthly Payment Breakdown for Tacoma
Based on the median home price of $445,000 with 20% down ($89,000), here is what you can expect to pay monthly in Tacoma:
15-Year vs. 30-Year Mortgage in Tacoma
Choosing a 15-year mortgage in Tacoma at 5.81% instead of a 30-year at 6.57% would save you $281,880 in total interest over the life of the loan. However, your monthly payment would be $2,968 instead of $2,267 — an increase of $701 per month.
Calculate Your Tacoma Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Tacoma
What are the current mortgage rates in Tacoma, WA?
As of March 2026, the average 30-year fixed mortgage rate in Tacoma, Washington is 6.57%, while the 15-year fixed rate is 5.81%. FHA loans average 6.17% and VA loans 5.97%. These rates are 0.08% below the national average of 6.65%.
How much is a monthly mortgage payment in Tacoma?
Based on the median home price of $445,000 with 20% down, the estimated monthly mortgage payment in Tacoma is $2,267 for principal and interest. Including property taxes of $345/month, the total monthly housing cost is approximately $2,612.
What income do I need to buy a home in Tacoma?
Using the 28% rule, you would need an annual income of approximately $111,943 to afford the median-priced home in Tacoma at $445,000. The median household income in Tacoma is $57,015. This means most households would need to either earn above the median or consider homes below $445,000.
Is Tacoma a good place to buy a home in 2026?
Tacoma has a moderate cost of living with a cost of living index of 109.5 (national average = 100). The property tax rate in Washington is 0.93%, which is near the national average. Tacoma has a population of 219,346 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Tacoma, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.