Skyline, Tacoma, WA—98465
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Skyline, Tacoma, WA
As of Oct '25, the median home price in Skyline, Tacoma, WA is $566,000, with a year-over-year change of -0.2%. This indicates that home prices in Skyline, 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 | $566,000 | -0.2% |
| Single Family | $578,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $409,000 | -1.0% |
3 Bed | $564,000 | -0.5% |
4 Bed | $708,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Skyline, Tacoma, WA
As of July '25, Rentcast reports the average rent in Skyline, Tacoma, WA is $2,050, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Skyline, Tacoma, WA is studios: $1,510, 1-bedrooms: $1,570, 2-bedrooms: $2,070, 3-bedrooms: $2,380, 4-bedrooms: $3,620. The most common rental property sizes in Skyline, Tacoma, WA are 2-bedroom and 1-bedroom, accounting for 48.3% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,050 |
| Studio Rent | $1,510 | $1,510 |
| 1 Bed Rent | $1,450 | $1,570 |
| 2 Bed Rent | $2,100 | $2,070 |
| 3 Bed Rent | $2,000 | $2,380 |
| 4 Bed Rent | $3,000 | $3,620 |
% of Rental Stock
Property Listings — Skyline, Tacoma, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Skyline, Tacoma, WA is 36. This is a decrease of -32.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $812,000 | 47.0% |
Listing Count | 15 | -33.0% |
| Listings as % of Homes | 0.2% | -33.0% |
Days on Market | 36 | -32.0% |
Demographics — Skyline, Tacoma, WA
As of the latest ACS Survey released in 2023, Skyline, Tacoma, WA has a population of 7,490, which has increased by 6.9% over the past 5 years. Skyline, Tacoma, WA is a moderately popular place for families, as children make up 16.1% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,490 | 6.9% |
% Under 18 | 16.1% | -9.0% |
% Seniors | 21.6% | 20.0% |
% WFH | 17.9% | 258.0% |
% w/ College Degree | 38.5% | 19.9% |
As of the latest ACS Survey released in 2023, Skyline, Tacoma, WA is a predominantly white area, with 68.9% of the population identifying as white. The white population has grown by 6.3% in the last 5 years. The second most common race or ethnicity in Skyline, Tacoma, WA is black, making up 11.3% of the population. Foreign-born residents account for 8.9% of the population in Skyline, Tacoma, WA, and this percentage has decreased by 24.6% 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 | 68.9% | 6.3% |
% Black | 11.3% | 3.7% |
% Hispanic | 8.9% | 21.9% |
% Asian | 2.7% | -71.3% |
% Foreign Born | 8.9% | -24.6% |
Mortgage and Risk — Skyline, Tacoma, WA
According to HUD data as of 2023, there were 132 mortgage originations in Skyline, Tacoma, WA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Skyline, Tacoma, WA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 132 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Skyline, Tacoma, WA
As of 2024, the percent of homes in Skyline, Tacoma, WA under the Section 8 program is 11.6%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Skyline, Tacoma, WA, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 214 |
Total Units Section 8 | 214 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,450 | $1,460 |
| 2 Bedroom | -$310 | $2,100 | $1,790 |
| 3 Bedroom | $520 | $2,000 | $2,520 |
| 4 Bedroom | -$80 | $3,000 | $2,920 |
Affordability — Skyline, Tacoma, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $566,000 |
| Median Household Income | $77,100 |