Real Estate Investing in Pierce County, Washington

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

45 ZIP codes • Population: 848,750

Should you buy in Pierce County, WA? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (46/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

πŸ“ˆ For Investors
WEAK
2.8 / 5 (44/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Tenant-protective state: Landlord rating 1.0/5 β€” slower evictions, more regulations.

What’s happening in Pierce County, WA?

Click any question — our AI will research it live from the web and show you sources.

✨ Live AI + Web Search
Want to ask your own questions? Upgrade to Pro for unlimited custom queries.
2.8/ 5

Investability

County-wide average

2.0/ 5

Appreciation

2.7% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $593,791
Avg Monthly Rent $2,122
ZIP Codes 45

Investing in Pierce County Real Estate

Pierce County spans 45 ZIP codes across 24 cities in Washington, with a population of 848,750. The county's tepid investment metrics reflect deeper structural challenges β€” worth studying before making commitments.

Investors considering Pierce, Washington should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

The 0% renter share in Pierce masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →
Free to search · investor plans from $19/mo

Landlord Ground Truth

Real numbers from people who own or manage rentals in Pierce County, WA. Anonymous, moderated, never written by AI.

Do you own or manage rentals in Pierce County, WA?

~25 seconds · no account needed · your report is anonymous

Property managers serving Pierce County

Manage rentals here? List your business →

Harborside Property Management LLC offers commercial and residential property manager services in Tacoma & Gig Harbor, including single-family and multi-family homes. summary from their website

CommercialSingle-familySmall multifamily
Unclaimed β€” is this your business? Claim it free

Haven Property Management is a full-service residential management company based in Federal Way, WA, covering the Greater Puget Sound area. summary from their website

Single-familySmall multifamily
Unclaimed β€” is this your business? Claim it free

HOA Community Solutions provides management services for homeowner associations. summary from their website

HOA
Unclaimed β€” is this your business? Claim it free

Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$593,791
Avg Monthly Rent
$2,122
1% Rule
βœ— Below
Landlord Friendly (WA)
β˜…β˜†β˜†β˜†β˜†

πŸŽ“ Colleges & Universities in Pierce County

12 Colleges 30,734 Students 10,201 Off-Campus Renters
B
University of Washington-Tacoma Campus
4-Year Public Β· 4,777 students
πŸ“ ~1,628 students rent off-campus
C+
Pacific Lutheran University
4-Year Private Β· 2,737 students
C+
University of Puget Sound
4-Year Private Β· 1,914 students
C+
Pierce College District
4-Year Public Β· 7,427 students
πŸ“ ~3,483 students rent off-campus
C+
BJ's Beauty & Barber College
Vocational For-Profit Β· 26 students
C
Tacoma Community College
4-Year Public Β· 5,771 students
πŸ“ ~2,625 students rent off-campus
C
Clover Park Technical College
4-Year Public Β· 3,040 students
πŸ“ ~1,118 students rent off-campus
C
Faith International University
4-Year Private Β· 370 students
C
Summit Salon Academy
2-Year For-Profit Β· 148 students
C
Bates Technical College
2-Year Public Β· 3,817 students
πŸ“ ~1,347 students rent off-campus
D
UEI College-Tacoma
Vocational For-Profit Β· 557 students
D
Northwest College of Art & Design
4-Year For-Profit Β· 150 students

Investor Insight: With 10,201 students living off-campus, Pierce County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Pierce County

ZIP Codes in Pierce County, WA

98391 β˜… β˜… β˜… β˜… β˜…
Bonney Lake
Population 57,691
Avg Home $677,597
Avg Rent $2,749/mo
98387 β˜… β˜… β˜… β˜… β˜…
Spanaway
Population 49,940
Avg Home $511,530
Avg Rent $2,807/mo
98374 β˜… β˜… β˜… β˜… β˜…
Puyallup
Population 47,645
Avg Home $586,725
Avg Rent $2,473/mo
98404 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 35,829
Avg Home $443,725
Avg Rent $2,054/mo
98499 β˜… β˜… β˜… β˜… β˜…
Lakewood
Population 33,694
Avg Home $485,917
Avg Rent $1,704/mo
98445 β˜… β˜… β˜… β˜… β˜…
Clover Creek
Population 33,578
Avg Home $498,702
Avg Rent $2,051/mo
98338 β˜… β˜… β˜… β˜… β˜…
Graham
Population 32,726
Avg Home $596,621
Avg Rent $2,691/mo
98375 β˜… β˜… β˜… β˜… β˜…
Puyallup
Population 32,195
Avg Home $550,676
Avg Rent $2,840/mo
98466 β˜… β˜… β˜… β˜… β˜…
University Place
Population 30,622
Avg Home $631,457
Avg Rent $2,009/mo
98373 β˜… β˜… β˜… β˜… β˜…
Puyallup
Population 29,062
Avg Home $571,638
Avg Rent $1,988/mo
98498 β˜… β˜… β˜… β˜… β˜…
Lakewood
Population 28,940
Avg Home $549,172
Avg Rent $1,796/mo
98335 β˜… β˜… β˜… β˜… β˜…
Gig Harbor
Population 27,956
Avg Home $867,096
Avg Rent $3,065/mo
98409 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 27,298
Avg Home $416,989
Avg Rent $1,640/mo
98372 β˜… β˜… β˜… β˜… β˜…
Puyallup
Population 26,662
Avg Home $628,693
Avg Rent $2,120/mo
98405 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 25,306
Avg Home $463,329
Avg Rent $1,640/mo
98371 β˜… β˜… β˜… β˜… β˜…
Puyallup
Population 23,989
Avg Home $630,560
Avg Rent $1,865/mo
98406 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 23,642
Avg Home $623,248
Avg Rent $2,217/mo
98422 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 22,126
Avg Home $678,922
Avg Rent $2,277/mo
98407 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 21,210
Avg Home $634,078
Avg Rent $2,176/mo
98408 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 20,469
Avg Home $437,839
Avg Rent $1,440/mo
98332 β˜… β˜… β˜… β˜… β˜…
Gig Harbor
Population 19,784
Avg Home $894,256
Avg Rent $3,023/mo
98321 β˜… β˜… β˜… β˜… β˜…
Buckley
Population 17,601
Avg Home $666,672
Avg Rent $3,100/mo
98467 β˜… β˜… β˜… β˜… β˜…
University Place
Population 15,241
Avg Home $689,125
Avg Rent $1,669/mo
98360 β˜… β˜… β˜… β˜… β˜…
Orting
Population 14,986
Avg Home $559,604
Avg Rent $3,140/mo
98446 β˜… β˜… β˜… β˜… β˜…
Clover Creek
Population 14,241
Avg Home $563,028
Avg Rent $2,054/mo
98424 β˜… β˜… β˜… β˜… β˜…
Fife
Population 11,871
Avg Home $558,680
Avg Rent $1,962/mo
98390 β˜… β˜… β˜… β˜… β˜…
Sumner
Population 11,497
Avg Home $607,886
Avg Rent $2,278/mo
98580 β˜… β˜… β˜… β˜… β˜…
Roy
Population 11,472
Avg Home $632,658
Avg Rent $2,034/mo
98329 β˜… β˜… β˜… β˜… β˜…
Gig Harbor
Population 11,379
Avg Home $611,538
Avg Rent $2,575/mo
98328 β˜… β˜… β˜… β˜… β˜…
Eatonville
Population 11,222
Avg Home $599,344
Avg Rent $1,983/mo
98418 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 10,475
Avg Home $417,506
Avg Rent $1,730/mo
98327 β˜… β˜… β˜… β˜… β˜…
Dupont
Population 9,952
Avg Home $560,965
Avg Rent $2,757/mo
98403 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 8,586
Avg Home $724,417
Avg Rent $1,690/mo
98354 β˜… β˜… β˜… β˜… β˜…
Milton
Population 8,432
Avg Home $571,999
Avg Rent $2,184/mo
98402 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 7,500
Avg Home $424,775
Avg Rent $1,763/mo
98465 β˜… β˜… β˜… β˜… β˜…
Tacoma
Population 7,489
Avg Home $585,306
Avg Rent $1,985/mo
98388 β˜… β˜… β˜… β˜… β˜…
Steilacoom
Population 7,054
Avg Home $649,654
Avg Rent $1,960/mo
98443 β˜… β˜… β˜… β˜… β˜…
Waller
Population 5,787
Avg Home $574,482
Avg Rent $1,710/mo
98349 β˜… β˜… β˜… β˜… β˜…
Lakebay
Population 5,021
Avg Home $538,426
Avg Rent $1,674/mo
98333 β˜… β˜… β˜… β˜… β˜…
Fox Island
Population 3,365
Avg Home $1,080,351
Avg Rent $2,061/mo
98351 β˜… β˜… β˜… β˜… β˜…
Longbranch
Population 1,832
Avg Home $625,758
Avg Rent $1,674/mo
98394 β˜… β˜… β˜… β˜… β˜…
Vaughn
Population 1,036
Avg Home $746,171
Avg Rent $1,674/mo
98396 β˜… β˜… β˜… β˜… β˜…
Wilkeson
Population 871
Avg Home $465,904
Avg Rent $1,674/mo
98304 β˜… β˜… β˜… β˜… β˜…
Eatonville
Population 867
Avg Home $387,577
Avg Rent $1,674/mo
98385 β˜… β˜… β˜… β˜… β˜…
Buckley
Population 609
Avg Home $499,992
Avg Rent $1,881/mo

Screen every market in Pierce County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

View Plans

Frequently Asked Questions About Pierce County

How does, WA stack up against WA overall?

Relative to WA as a whole, ranks broadly in line with. The local 2.8/5 score summarizes the position.

Should investors consider, WA?

Our data puts, WA at 2.8/5 for investability. Home prices of $594K and rents around $2,122/mo create a solid backdrop for investor activity.

Is it easy to find good tenants in, WA?

, WA draws a measured base of working renters. Demand at the $2,122/mo rent level is reasonable for standard single-family and small multi rentals.

How much is rent in, WA?

Investors in, WA typically see rents near $2,122/mo per month against $594K home values - a solid setup for rental cash flow.

Community Ratings

What people who’ve spent time here actually say. Not paid reviews.

Be the first to rate Pierce County, WA.

It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.