Lincoln District, Tacoma, WA—98418
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lincoln District, Tacoma, WA
As of Oct '25, the median home price in Lincoln District, Tacoma, WA is $406,000, 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 -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $406,000 | -2.6% |
| Single Family | $408,000 | -2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $310,000 | -6.6% |
2 Bed | $367,000 | -2.9% |
3 Bed | $419,000 | -2.1% |
4 Bed | $454,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Lincoln District, Tacoma, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lincoln District, Tacoma, WA is 32. This is a increase of 22.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $402,000 | -10.0% |
Listing Count | 39 | -14.0% |
| Listings as % of Homes | 0.5% | -14.0% |
Days on Market | 32 | 22.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,500 | 10.6% |
% Under 18 | 17.1% | -18.6% |
% Seniors | 13.6% | 8.8% |
% WFH | 11.9% | 417.4% |
% w/ College Degree | 23.4% | 12.5% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $406,000 |
| Median Household Income | $79,400 |