Most Affordable Tacoma Neighborhoods UPDATE April 20th, 2021
Was checking on numbers for the last 90 days and was alarmed to see median prices have shot up in these neighborhoods quite steeply. Here are the most recent numbers:
Most Affordable Neighborhood in Tacoma is Downtown Tacoma. Downtown Tacoma’s median home price (of homes sold in the past year) is $316,500. Important to note that that is based on CONDO sales. The Hillside/UWT neighborhood includes more townhomes as well, and the median home price in Hillside is $318,000.
South Tacoma is the second most affordable neighborhood in Tacoma right now. The median home price there is $325,000. Homes are on the market for less than two weeks, only 13 days, before they sell.
The median home price in Tacoma’s South End is currently $333,000. The South End also includes neighborhoods such as the Lincoln District and Fern Hill. The Lincoln District’s median home price is currently $335,000. Fern Hill’s median home price is $325,000. On average homes listed for sale in the South End are on the market 11 days before they get an offer.
The median sales price of homes on Tacoma’s Eastside is $335,000. Homes on the Eastside are selling slightly slower than some of the other neighborhoods on this list at 16 days.
Homes in Hilltop have a median sales price of $337,000. On average homes in Hilltop spend only 10 days on the market before they go pending.
Tacoma is the fastest rising real estate market in the country, and median home prices have been going up steadily for years. Tacoma isn’t “affordable” anymore by most metrics. You can learn more by checking out our blog post “Tacoma isn’t affordable anymore. This is Why.”
Tacomans who are renting and looking to become homeowners still have opportunities in Tacoma. To learn more you can check out our post, “Creative ways to buy in Tacoma if you think you’re priced out.”
Ready to buy a place and not sure where to begin? Hit the contact form and talk to MovetoTacoma.com creator and Tacoma real estate agent Marguerite Martin.
Tacoma Real Estate Market:
Pierce County Real Estate Market:
Note: We have been hand drawing the searches to get these prices every year since the site started. It takes a bit longer than running searches using the “area” codes assigned by the MLS but in our experience it is more useful.