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Lincoln District, Tacoma, WA—98418

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$402,000
2.6% YoY Growth
Household Income
$79,400
57.1% YoY Growth
Days on Market
54
0.0% Longer YoY
Home Price Forecast
0.0%
Median Rent
$1,400
14.3% YoY Growth
1-Bed Rent
$1,300
11.3% YoY Growth
2-Bed Rent
$1,400
4.2% YoY Growth
3-Bed Rent
$2,500
8.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lincoln District, Tacoma, WA

As of Dec '25, the median home price in Lincoln District, Tacoma, WA is $402,000, with a year-over-year change of -2.6%. This indicates that home prices in Lincoln District, Tacoma, WA are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$402,000-2.6%
Single Family $404,000-2.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $306,000
    -6.4%
    2 Bed
    		$363,000-2.9%
    3 Bed
    		$415,000-2.4%
    4 Bed
    		$450,000-1.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    11.9%
    2 Bedrooms
    31.1%
    3 Bedrooms
    36.5%
    4 Bedrooms
    16.6%
    5+ Bedrooms
    1.7%

    Rental Trends — Lincoln District, Tacoma, WA

    As of July '25, Rentcast reports the average rent in Lincoln District, Tacoma, WA is $1,620, with a year-over-year rent change of -14.3%. Per bedroom, the median rent as of July '25 in Lincoln District, Tacoma, WA is studios: $883, 1-bedrooms: $1,280, 2-bedrooms: $1,590, 3-bedrooms: $2,670, 4-bedrooms: $2,850. The most common rental property sizes in Lincoln District, Tacoma, WA are 2-bedroom and 1-bedroom, accounting for 37.4% and 30.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,620
    Studio Rent $771$883
    1 Bed Rent $1,300$1,280
    2 Bed Rent $1,400$1,590
    3 Bed Rent $2,500$2,670
    4 Bed Rent $2,800$2,850
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    % of Rental Stock

    Studio
    6.8%
    1 Bedroom
    30.0%
    2 Bedrooms
    37.4%
    3 Bedrooms
    16.4%
    4 Bedrooms
    8.9%
    5+ Bedrooms
    0.5%

    Property Listings — Lincoln District, Tacoma, WA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lincoln District, Tacoma, WA is 35. 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 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$412,000-6.0%
    Listing Count
    		27-21.0%
    Listings as % of Homes0.5%-21.0%
    Days on Market
    		540.0%
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    Demographics — Lincoln District, Tacoma, WA

    As of the latest ACS Survey released in 2023, Lincoln District, Tacoma, WA has a population of 10,500, which has increased by 10.6% over the past 5 years. Lincoln District, Tacoma, WA is a moderately popular place for families, as children make up 17.1% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,50010.6%
    % Under 18
    		17.1%-18.6%
    % Seniors
    		13.6%8.8%
    % WFH
    		11.9%417.4%
    % w/ College Degree
    		23.4%12.5%
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    As of the latest ACS Survey released in 2023, Lincoln District, Tacoma, WA is a predominantly white area, with 53.0% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Lincoln District, Tacoma, WA is hispanic, making up 13.6% of the population. Foreign-born residents account for 10.6% of the population in Lincoln District, Tacoma, WA, and this percentage has decreased by 9.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		53.0%-8.0%
    % Black
    		10.6%32.5%
    % Hispanic
    		13.6%4.6%
    % Asian
    		6.8%-32.0%
    % Foreign Born
    		10.6%-9.4%
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    Mortgage and Risk — Lincoln District, Tacoma, WA

    According to HUD data as of 2023, there were 188 mortgage originations in Lincoln District, Tacoma, WA, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Lincoln District, Tacoma, WA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		188
    % Conventional Loans
    		70.0%
    % Government Loans
    		30.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Lincoln District, Tacoma, WA

    As of 2024, the percent of homes in Lincoln District, Tacoma, WA under the Section 8 program is 14.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lincoln District, Tacoma, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		214
    Total Units Section 8
    		214
    % Rentals under Section 8
    		14.9%
    % Occupied Section 8
    		81.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$290$1,300$1,590
    2 Bedroom$560$1,400$1,960
    3 Bedroom$250$2,500$2,750
    4 Bedroom$340$2,800$3,140

    Affordability — Lincoln District, Tacoma, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$402,000
    Median Household Income$79,400

    Lincoln District, Tacoma, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    South End, Tacoma, WA

    98408

    Downtown Tacoma, Tacoma, WA

    98402

    Hilltop, Tacoma, WA

    98405

    South Tacoma, Tacoma, WA

    98409

    Eastside, Tacoma, WA

    98404

    Frequently Asked Questions