Eastside, Tacoma, WA—98404
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eastside, Tacoma, WA
As of Oct '25, the median home price in Eastside, Tacoma, WA is $435,000, with a year-over-year change of -1.0%. This indicates that home prices in Eastside, Tacoma, WA are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $435,000 | -1.0% |
| Single Family | $436,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $319,000 | -2.4% |
2 Bed | $370,000 | -1.1% |
3 Bed | $434,000 | -0.9% |
4 Bed | $489,000 | 0.0% |
| 5 Bed | $540,000 | 0.2% |
% of Housing Stock
Rental Trends — Eastside, Tacoma, WA
As of July '25, Rentcast reports the average rent in Eastside, Tacoma, WA is $2,070, with a year-over-year rent change of 16.3%. Per bedroom, the median rent as of July '25 in Eastside, Tacoma, WA is studios: $997, 1-bedrooms: $1,290, 2-bedrooms: $1,840, 3-bedrooms: $2,510, 4-bedrooms: $3,110. The most common rental property sizes in Eastside, Tacoma, WA are 2-bedroom and 3-bedroom, accounting for 36.3% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,070 |
| Studio Rent | $997 | $997 |
| 1 Bed Rent | $1,350 | $1,290 |
| 2 Bed Rent | $1,620 | $1,840 |
| 3 Bed Rent | $2,500 | $2,510 |
| 4 Bed Rent | $2,920 | $3,110 |
% of Rental Stock
Property Listings — Eastside, Tacoma, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Eastside, Tacoma, WA is 47. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $461,000 | -2.0% |
Listing Count | 107 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 47 | 5.0% |
Demographics — Eastside, Tacoma, WA
As of the latest ACS Survey released in 2023, Eastside, Tacoma, WA has a population of 35,800, which has increased by 2.1% over the past 5 years. Eastside, Tacoma, WA is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,800 | 2.1% |
% Under 18 | 24.4% | -12.5% |
% Seniors | 11.5% | 12.7% |
% WFH | 8.7% | 278.3% |
% w/ College Degree | 21.3% | 35.7% |
As of the latest ACS Survey released in 2023, Eastside, Tacoma, WA is a predominantly white area, with 38.1% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Eastside, Tacoma, WA is hispanic, making up 20.4% of the population. Foreign-born residents account for 20.0% of the population in Eastside, Tacoma, WA, and this percentage has decreased by 8.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 38.1% | -4.0% |
% Black | 12.0% | -9.1% |
% Hispanic | 20.4% | -11.7% |
% Asian | 17.5% | 40.0% |
% Foreign Born | 20.0% | -8.3% |
Mortgage and Risk — Eastside, Tacoma, WA
According to HUD data as of 2023, there were 496 mortgage originations in Eastside, Tacoma, WA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Eastside, Tacoma, WA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 496 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Eastside, Tacoma, WA
As of 2024, the percent of homes in Eastside, Tacoma, WA under the Section 8 program is 30.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Eastside, Tacoma, WA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,365 |
Total Units Section 8 | 1,256 |
% Rentals under Section 8 | 30.8% |
% Occupied Section 8 | 82.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,350 | $1,450 |
| 2 Bedroom | $170 | $1,620 | $1,790 |
| 3 Bedroom | $20 | $2,500 | $2,520 |
| 4 Bedroom | $0 | $2,920 | $2,920 |
Affordability — Eastside, Tacoma, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $435,000 |
| Median Household Income | $79,600 |