Real Estate Investing in Pierce, Washington

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

12 ZIP codes • Population: 67,302

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

🏠 For Homebuyers
GOOD FIT
Grade B (71/100)

Solid choice β€” stable market with a reasonable entry point and good rental backup if you ever need to move.

πŸ“ˆ For Investors
WEAK
2.7 / 5 (42/100)

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

⚠️ Risks to Know
2 flags
  • Elevated vacancy: 8.7% vacancy may signal weakening demand.
  • Tenant-protective state: Landlord rating 1.0/5 β€” slower evictions, more regulations.

What’s happening in Pierce County, WA?

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2.7/ 5

Investability

County-wide average

2.0/ 5

Appreciation

2.1% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $121,232
Avg Monthly Rent $1,692
ZIP Codes 12

Investing in Pierce County Real Estate

This is a distressed-leaning county in Washington: Pierce has 8 cities, 12 ZIPs, and investment math that only works for investors with genuine local understanding.

Pierce is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. plainly out-of-state capital should be especially careful with carry-in assumptions.

Pierce County's population trends and income levels suggest a region where affordability is strained, constraining how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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

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

HOA
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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
$121,232
Avg Monthly Rent
$1,692
1% Rule
βœ“ Passes
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

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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+.

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Frequently Asked Questions About Pierce County

How strong is, WA for real estate investors?

The 2.7/5 investability rating in, WA reflects its $121K prices and $1,692/mo rents. Investors generally consider it a solid option within WA.

Is, WA landlord-friendly?

, WA falls under WA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.

How do experienced investors play, WA?

A careful cash-flow rentals with hands-on management strategy, WA best. The market produces steady results for that approach at the $121K price point.

Are home values higher in, WA than the rest of WA?

, WA sits broadly in line with the WA average on most investor metrics. Home values of $121K and rents of $1,692/mo set the benchmark here.

Community Ratings

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