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Hilltop, Tacoma, WA—98405

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$469,000
0.4% YoY Growth
Household Income
$80,000
59.2% YoY Growth
Days on Market
39
28.0% Longer YoY
Home Price Forecast
-1.2%
Median Rent
$1,620
8.5% YoY Growth
1-Bed Rent
$1,400
0.7% YoY Growth
2-Bed Rent
$1,900
0.0% YoY Growth
3-Bed Rent
$2,500
1.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hilltop, Tacoma, WA

As of May '26, the median home price in Hilltop, Tacoma, WA is $469,000, with a year-over-year change of -0.4%. This indicates that home prices in Hilltop, Tacoma, WA are flat. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$469,000-0.4%
Single Family $472,000-0.4%
Condos $382,000-1.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $344,000
    -4.4%
    2 Bed
    		$418,000-0.7%
    3 Bed
    		$482,000-0.2%
    4 Bed
    		$526,0000.2%
    5 Bed $575,8690.3%
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    % of Housing Stock

    Studio
    6.7%
    1 Bedroom
    17.5%
    2 Bedrooms
    25.0%
    3 Bedrooms
    34.5%
    4 Bedrooms
    12.4%
    5+ Bedrooms
    3.9%

    Rental Trends — Hilltop, Tacoma, WA

    As of July '25, Rentcast reports the average rent in Hilltop, Tacoma, WA is $1,840, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in Hilltop, Tacoma, WA is studios: $1,350, 1-bedrooms: $1,470, 2-bedrooms: $1,870, 3-bedrooms: $2,770, 4-bedrooms: $3,200. The most common rental property sizes in Hilltop, Tacoma, WA are 1-bedroom and 2-bedroom, accounting for 31.4% and 31.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,620$1,840
    Studio Rent $1,300$1,350
    1 Bed Rent $1,400$1,470
    2 Bed Rent $1,900$1,870
    3 Bed Rent $2,500$2,770
    4 Bed Rent $3,100$3,200
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    % of Rental Stock

    Studio
    12.1%
    1 Bedroom
    31.4%
    2 Bedrooms
    31.3%
    3 Bedrooms
    17.1%
    4 Bedrooms
    5.9%
    5+ Bedrooms
    2.2%

    Property Listings — Hilltop, Tacoma, WA

    As of May '26, Realtor.com reports that the median days on market for a home in Hilltop, Tacoma, WA is 39. This is a increase of 28.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$490,0004.0%
    Listing Count
    		8016.0%
    Listings as % of Homes0.2%16.0%
    Days on Market
    		3928.0%
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    Demographics — Hilltop, Tacoma, WA

    As of the latest ACS Survey released in 2023, Hilltop, Tacoma, WA has a population of 25,300, which has increased by 8.7% over the past 5 years. Hilltop, Tacoma, WA is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		25,3008.7%
    % Under 18
    		17.9%-9.6%
    % Seniors
    		12.7%1.6%
    % WFH
    		15.7%256.8%
    % w/ College Degree
    		31.2%14.3%
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    As of the latest ACS Survey released in 2023, Hilltop, Tacoma, WA is a predominantly white area, with 57.9% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Hilltop, Tacoma, WA is black, making up 12.6% of the population. Foreign-born residents account for 8.3% of the population in Hilltop, Tacoma, WA, and this percentage has increased by 1.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		57.9%-5.1%
    % Black
    		12.6%-8.7%
    % Hispanic
    		11.4%9.6%
    % Asian
    		4.8%-11.1%
    % Foreign Born
    		8.3%1.2%
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    Mortgage and Risk — Hilltop, Tacoma, WA

    According to HUD data as of 2023, there were 435 mortgage originations in Hilltop, Tacoma, WA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Hilltop, Tacoma, WA. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		435
    % Conventional Loans
    		79.0%
    % Government Loans
    		21.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Hilltop, Tacoma, WA

    As of 2024, the percent of homes in Hilltop, Tacoma, WA under the Section 8 program is 20.5%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Hilltop, 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
    		1,255
    Total Units Section 8
    		1,105
    % Rentals under Section 8
    		20.5%
    % Occupied Section 8
    		83.1%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$90$1,400$1,490
    2 Bedroom-$70$1,900$1,830
    3 Bedroom$60$2,500$2,560
    4 Bedroom-$170$3,100$2,930

    Affordability — Hilltop, Tacoma, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.7
    Median Home Price$469,000
    Median Household Income$80,000

    Hilltop, Tacoma, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Old Tacoma

    98416

    Stadium District, Tacoma, WA

    98403

    Downtown Tacoma, Tacoma, WA

    98402

    Lincoln District, Tacoma, WA

    98418

    South Tacoma, Tacoma, WA

    98409

    Frequently Asked Questions