Northeast Tacoma, Tacoma, WA—98422
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northeast Tacoma, Tacoma, WA
As of Oct '25, the median home price in Northeast Tacoma, Tacoma, WA is $664,000, with a year-over-year change of 0.6%. This indicates that home prices in Northeast Tacoma, Tacoma, WA are flat. 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 | $664,000 | 0.6% |
| Single Family | $669,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $500,000 | -2.0% |
3 Bed | $594,000 | 0.0% |
4 Bed | $760,000 | 1.5% |
| 5 Bed | $867,000 | 1.8% |
% of Housing Stock
Rental Trends — Northeast Tacoma, Tacoma, WA
As of July '25, Rentcast reports the average rent in Northeast Tacoma, Tacoma, WA is $3,160, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Northeast Tacoma, Tacoma, WA is studios: $1,480, 1-bedrooms: $1,520, 2-bedrooms: $2,410, 3-bedrooms: $3,570, 4-bedrooms: $3,270. The most common rental property sizes in Northeast Tacoma, Tacoma, WA are 2-bedroom and 3-bedroom, accounting for 37.3% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,160 |
| Studio Rent | $1,480 | $1,480 |
| 1 Bed Rent | $1,450 | $1,520 |
| 2 Bed Rent | $2,530 | $2,410 |
| 3 Bed Rent | $3,240 | $3,570 |
| 4 Bed Rent | $3,180 | $3,270 |
% of Rental Stock
Property Listings — Northeast Tacoma, Tacoma, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Northeast Tacoma, Tacoma, WA is 68. This is a increase of 15.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $814,000 | -1.0% |
Listing Count | 98 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 68 | 15.0% |
Demographics — Northeast Tacoma, Tacoma, WA
As of the latest ACS Survey released in 2023, Northeast Tacoma, Tacoma, WA has a population of 22,100, which has increased by 5.3% over the past 5 years. Northeast Tacoma, Tacoma, WA is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 39.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | 5.3% |
% Under 18 | 23.3% | 2.6% |
% Seniors | 16.5% | 17.0% |
% WFH | 16.9% | 191.4% |
% w/ College Degree | 39.3% | 2.1% |
As of the latest ACS Survey released in 2023, Northeast Tacoma, Tacoma, WA is a predominantly white area, with 58.0% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Northeast Tacoma, Tacoma, WA is hispanic, making up 11.4% of the population. Foreign-born residents account for 13.5% of the population in Northeast Tacoma, Tacoma, WA, and this percentage has decreased by 10.6% 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 | 58.0% | -10.9% |
% Black | 8.1% | 47.3% |
% Hispanic | 11.4% | 21.3% |
% Asian | 10.7% | -10.8% |
% Foreign Born | 13.5% | -10.6% |
Mortgage and Risk — Northeast Tacoma, Tacoma, WA
According to HUD data as of 2023, there were 368 mortgage originations in Northeast Tacoma, Tacoma, WA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Northeast Tacoma, Tacoma, WA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 368 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Northeast Tacoma, Tacoma, WA
As of 2024, the percent of homes in Northeast Tacoma, Tacoma, WA under the Section 8 program is 1.8%. 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 Northeast Tacoma, 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 | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $1,450 | $2,080 |
| 2 Bedroom | $30 | $2,530 | $2,560 |
| 3 Bedroom | $350 | $3,240 | $3,590 |
| 4 Bedroom | $920 | $3,180 | $4,100 |
Affordability — Northeast Tacoma, Tacoma, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $664,000 |
| Median Household Income | $116,000 |