Rent to own Homes in Tacoma, WA
Located on the banks of the Puget Sound, the port city of Tacoma, Washington, has undergone significant revitalization over the past 20 years. With the two military bases bringing a constant stream of steady employment to the area, Tacoma has been able to preserve its historical heritage while adding new cultural attractions to the area. One part of this shift is the Sister City program, which allows Tacoma to trade cultural activities with 12 other international cities.
Tacoma, WA is a great place for affordable rent-to-own homes! With a median household income of over $64,457 and a median rent of $1,253, the Tacoma, WA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Tacoma, WA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Tacoma, WA Property Resources
Rent to own Homes in Cities Near Tacoma, WA
- Allyn
- Anderson Island
- Artondale
- Bainbridge Island
- Belfair
- Bethel
- Bremerton
- Browns Point
- Burley
- Canterwood
- Clover Creek
- Dash Point
- DuPont
- East Port Orchard
- Enetai
- Erlands Point-Kitsap Lake
- Gorst
- Herron Island
- Ketron Island
- Key Center
- Lakebay
- Lakewood
- Longbranch
- Manchester
- Maplewood
- Mercer Island
- Navy Yard City
- Normandy Park
- North Puyallup
- North Yelm
- Orting
- Pacific
- Parkland
- Parkwood
- Port Orchard
- Puyallup
- Riverton
- SeaTac
- Seattle
- South Creek
- South Hill
- Southworth
- Spanaway
- Steilacoom
- Summit
- Summit View
- Sumner
- Tanglewilde
- Tehaleh
- Tracyton
Buying a Home in Tacoma, WA
Tacoma, WA is seeing rapid growth and Tacoma, WA's' housing market remains not optimal with an average home price that is 43% above the 2026 national average. Tacoma, WA is part of Pierce county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2026 for county Pierce is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Tacoma, WA
Median Rent in Tacoma, WA
Top Reasons to Live in Tacoma WA
Tacoma's Housing Market In Tacoma, the 2011 estimated median value for a house or condo was $207,000. Of the residential housing, 58.9 percent are owner occupied and 41.1 percent are rented. Vacancy rates in Tacoma hover around 6 percent, but only half of those empty properties are available. Home sales are up significantly all over Pierce County; in June 2013, 1,118 units were sold, representing a 32.6 percent increase over the same period in 2012. Due to the increase in real estate sales, finding rent to own homes can be difficult. Many homeowners have found that their asking price is met within weeks because real estate inventory remains low.
Tacoma Fairs and Other Events Each year, Tacoma residents and visitors look forward to the largest annual event held in Washington -- the Puyallup Fair. Over one million people come to Tacoma in September to enjoy fair foods, rides, exhibits, and outdoor concerts. The Western Washington Fair Association holds a smaller, four-day fair in the spring. For those looking for more fair fun, the Fourth of July Tacoma Freedom Fair has tons of live music, beer gardens, an airshow, a car show, and a truly impressive fireworks display.
Tacoma Industries and Employers While Tacoma was once a city known for its manufacturing and fishing, current residents are more likely to be employed by the government. Tacoma is near the Fort Lewis Army Post and the McChord Air Force Base; together they employ roughly 40,000 city residents. The third largest employer is Washington State, which has nearly 8,000 workers. Education and health services also employ a significant portion of the workforce in Tacoma.
Neighborhoods in Tacoma While there are dozens of smaller communities in Tacoma, the city government has divided the area into eight neighborhoods. Each area has its own neighborhood council, which advises the city government and undertakes its own improvement initiatives.
