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Tacoma, WA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,785
Monthly Cash Flow
-$995
Principal + Equity
$4,008
Annual Total Gain
$36,150
Cash on Cash
-9.84%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$162
Occupancy Rate
70.83%
Monthly Revenue
$2,349
Monthly Cash Flow
-$784
Principal + Equity
$4,008
Annual Total Gain
$38,688
Cash on Cash %
-7.75%
Net ROI %
Market Health & Growth
Median Income
$83,857
Population
220,482
LTR Renter %
43.52%
Forecast (1 yr)
0.5%
Appreciation (1 yr)
-1.12%
Appreciation (5 yr)
30.76%
Appreciation (10 yr)
136.42%
Job Growth
0.97%
LTR Rentability
Low
STR Demand
83
STR Rentals
983
Top Public Schools
A-Narrows View Intermediate School
A-University Place Primary School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Healthiest Cities in America
#57out of 229 markets
Healthiest Places to Live in America
#57out of 230 markets
Best Cities for Outdoor Activities in America
#24out of 229 markets
B-
Public School
D
Crime And Safety
D
Housing
A-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Tacoma, WA.
In Tacoma, WA, Short Term Rentals (STRs) are regulated by the city's Municipal Code. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Permit Requirement: STR operators in Tacoma are required to obtain a Short Term Rental permit from the city. This permit must be renewed annually and operators must comply with all relevant regulations and zoning requirements.
2. Zoning Restrictions: The city of Tacoma has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
3. Occupancy Limits: There are occupancy limits for STRs in Tacoma, which vary depending on the size of the property. Investors should be aware of these limits and ensure they are in compliance with them.
4. Noise and Nuisance Regulations: STR operators are required to adhere to noise and nuisance regulations in Tacoma. This includes ensuring that guests do not disturb neighbors and that the property is not used for disruptive or illegal activities.
5. Taxation: STR operators in Tacoma are required to collect and remit lodging taxes to the city. Investors should be aware of these tax obligations and ensure they are in compliance with them.
6. Insurance Requirements: STR operators in Tacoma are required to carry liability insurance for their properties. Investors should ensure they have the appropriate insurance coverage in place before renting out their property.
Overall, investors looking to purchase a property for Short Term Rental purposes in Tacoma, WA should familiarize themselves with the city's regulations and ensure they are in compliance with all requirements before proceeding with their investment.
Market Trends Over Time
Explore 25 years of market data for Tacoma, WA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Tacoma, WA.
The LTR Genie Score of Tacoma, WA is 56 and STR Genie Score is 68, indicating a moderate score for long-term rental and a high score for short-term rental. The low LTR Rentability and slow LTR Rent Growth Rate contribute to the lower LTR Genie Score, while the high STR Net ROI and strong STR Occupancy rate boost the STR Genie Score. The 1-Year Price Appreciation Forecast of 0.5% suggests a stable market with potential for growth.
Tacoma, WA is a city located in the Pacific Northwest known for its strong economy, diverse population, and beautiful natural surroundings. The real estate market in Tacoma has been steadily growing, making it an attractive option for investors looking for long-term stability and potential appreciation.
Based on the metrics provided, Tacoma, WA seems to be a more attractive market for short-term rental investment due to the higher STR Genie Score and STR Net ROI. However, with a positive 1-Year Price Appreciation Forecast, long-term rental investment could also be a viable option for investors looking for steady returns. Ultimately, a diversified investment strategy that includes both long-term and short-term rental properties could be beneficial in maximizing returns in the Tacoma, WA market.
LTR Genie Score 73
$361,050
🛏 4 Beds🛁 3.0000 Baths🏙 2,588 sqft.🏠 SINGLE FAMILY
