Welcome to our 98402 real estate data hub, tailored for investors in Tacoma, WA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 98402 in Tacoma, WA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in PIERCE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Tacoma, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Tacoma property market.
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Location Overview
- Zip Code: 98402
- City: Tacoma
- State: WA
- Metro Area: Seattle-Tacoma-Bellevue, WA
- County Name: PIERCE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $467,232
- Average Home Price (Single Family Homes): $497,999
- Average Monthly Rental Price (All Types): $1,701
- Price-to-Rent Ratio: 23
- Zillow Projected % appreciation from 4/2023-4/2024: -0.1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,630
- Average 3 Bedroom Section 8 Rental Rates: $2,320
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.89
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.78
- Number of Units Offered in Section 8 in the County: 1712
- Number of Occupied Units in Section 8 in the County: 1652
- Percentage of Section 8 Units Occupied in the County: 96.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): Not Available
- Total % Appreciation since 2000 (Government Data): Not Available
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.01%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -0.62%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 10.93%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 34.37%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 119.21%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 50.44%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 161.78%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.96%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.69%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 17.55%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%