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Panorama of downtown Tacoma seen from the East 34th Street bridge

Investor-friendly real estate agents in Tacoma, WA

We match investors with vetted Tacoma-area agents who own rentals, run the numbers, and know the local rules. Free for investors.

Get matched in Tacoma
4
vetted agent partners in the metro
4
investing strategies covered
Downtown Tacoma from the East 34th Street bridge. Photo: Super Rad!, CC BY-SA 3.0
Who you'll work with

4 vetted investor agents across the Tacoma metro

Tacoma is the Pierce County seat, about 30 miles south of Seattle, with the Port of Tacoma and Joint Base Lewis-McChord nearby. It's cheaper than Seattle, but it's part of the same metro, and at metro prices a rental with a mortgage doesn't cash flow. Washington isn't a landlord-friendly state, and Tacoma adds its own rules: 180 days' notice for rent increases and relocation payments when rent goes up 5% or more. What Tacoma does have is older neighborhoods with duplexes and small multifamily, and room to add units under Washington's middle-housing and ADU laws. Our four vetted partners here cover Tacoma, Puyallup and Pierce County, and three of them list multifamily as expertise.

Small multifamily

Duplexes, triplexes and small apartment buildings, from three partners who list multifamily as expertise, including a Tacoma native with 21 years in the business.

House hacking & live-in flips

Live in one unit and rent the rest, or live in a home while you fix it up, from a partner who has done both herself.

Short-term rentals

Two partners list STRs as expertise. Inside Tacoma, an STR on a lot with an ADU needs the owner living on site.

1031 exchanges & out-of-area buying

Replacement-property searches on a 1031 timeline, often trading out of pricier Seattle and Eastside properties, and remote buying for investors who live elsewhere.

Areas our agents cover
TacomaPuyallupPierce CountyKing CountyWestern Washington
Storefronts along 38th Street in Tacoma's Lincoln International District
38th Street in the Lincoln neighborhood, one of Tacoma's older South End business districts.Photo: Super Rad!, CC BY-SA 3.0
Houses on a residential street next to Point Defiance Park in Tacoma
Homes near Point Defiance Park in Tacoma's North End.Photo: Turtleey, CC BY-SA 4.0
Aerial view of Commencement Bay with the Port of Tacoma and downtown Tacoma
Commencement Bay and the Port of Tacoma, one of the region's big employers.Photo: Eusebius1517, CC BY-SA 4.0
Volcano evacuation route sign on a street in Puyallup, Washington
Volcano evacuation route sign in Puyallup. Ask about lahar hazard zones when you buy in the Puyallup valley.Photo: Chris Light, CC BY-SA 4.0
Market signals

Is Tacoma worth investing in? The long-term trends

People, jobs, rents and prices for the Seattle-Tacoma-Bellevue metro, straight from the Census Bureau, the Bureau of Labor Statistics and Zillow. Hover or tap a chart for exact values.

Metro population
+11% in 10 years, to 4.16M people
3.3M3.5M3.8M4M4.3M201020142018202220254.2M
July 1 estimates; 2010–2019 are Census intercensal estimates, consistent with the 2020 Census. Source: U.S. Census Bureau, Population Estimates (Seattle-Tacoma-Bellevue, WA metro)
View data table
PeriodValue
20103,449,548
20113,505,338
20123,561,452
20133,616,100
20143,680,038
20153,745,754
20163,824,567
20173,894,392
20183,943,900
20193,984,908
20204,027,814
20214,017,597
20224,034,138
20234,062,857
20244,118,815
20254,161,883
Net move-ins from the rest of the U.S.
+40K net domestic movers since 2010
−40K−20K020K40K201120142017202020232025
Net domestic migration, year ending July 1. Source: U.S. Census Bureau, Population Estimates (Seattle-Tacoma-Bellevue, WA metro)
View data table
PeriodValue
2011+16,258
2012+14,650
2013+15,181
2014+15,124
2015+15,627
2016+30,672
2017+20,889
2018+7,004
2019+2,238
2020+9,447
2021-36,942
2022-23,229
2023-26,640
2024-11,796
2025-8,422
Jobs (total nonfarm)
+13% since 2015, about 237K jobs added
1.6M1.8M2M2.2M201020142018202220252.1M
Annual average, complete years. Latest month: August 2026, 2,143,900 jobs (not seasonally adjusted). Source: U.S. Bureau of Labor Statistics, Current Employment Statistics (total nonfarm)
View data table
PeriodValue
20101,666,700
20111,693,700
20121,733,400
20131,781,000
20141,831,200
20151,888,000
20161,949,300
20171,997,300
20182,043,700
20192,089,700
20201,973,400
20212,009,900
20222,098,500
20232,115,700
20242,124,600
20252,125,000
Typical rent
+70% since 2015, +1.8% over the past year
$1,000$1,500$2,000$2,500201520172019202220242026$2,250
Typical asking rent, all homes (smoothed). Source: Zillow Observed Rent Index (ZORI), Seattle, WA metro
View data table
PeriodValue
Dec 2015$1,407/mo
Dec 2016$1,507/mo
Dec 2017$1,604/mo
Dec 2018$1,664/mo
Dec 2019$1,743/mo
Dec 2020$1,684/mo
Dec 2021$1,933/mo
Dec 2022$2,020/mo
Dec 2023$2,061/mo
Dec 2024$2,128/mo
Dec 2025$2,183/mo
Sep 2026$2,250/mo
Typical home value
+82% over 10 years, −1.6% over the past year
$200K$400K$600K$800K201020132016202020232026$720K
Typical home value, mid-tier, seasonally adjusted. Source: Zillow Home Value Index (ZHVI), Seattle, WA metro
View data table
PeriodValue
Dec 2010$300,186
Dec 2011$268,212
Dec 2012$268,231
Dec 2013$304,151
Dec 2014$325,232
Dec 2015$364,691
Dec 2016$406,757
Dec 2017$460,422
Dec 2018$497,940
Dec 2019$507,871
Dec 2020$570,617
Dec 2021$667,936
Dec 2022$705,954
Dec 2023$712,293
Dec 2024$748,921
Dec 2025$739,213
Sep 2026$720,147
Price-to-rent ratio
26.7× today, down from a 31× peak in 2022
15×20×25×30×20152017201920222024202626.7×
Typical home value ÷ 12 months of typical rent. Lower means rents cover more of the price. Source: Agents Invest calculation from Zillow ZHVI and ZORI
View data table
PeriodValue
Dec 201521.6×
Dec 201622.5×
Dec 201723.9×
Dec 201824.9×
Dec 201924.3×
Dec 202028.2×
Dec 202128.8×
Dec 202229.1×
Dec 202328.8×
Dec 202429.3×
Dec 202528.2×
Sep 202626.7×

Data retrieved October 16, 2026. Figures cover the Seattle-Tacoma-Bellevue metro area.

Investing in Tacoma

The numbers and rules that matter in Tacoma

Typical home value
~$720,000

Zillow Home Value Index, Seattle-Tacoma-Bellevue metro, Sep 2026 (−1.6% YoY).

Typical rent
~$2,250/mo

Zillow Observed Rent Index, all home types, Sep 2026 (+1.8% YoY). Single-family 3-beds rent higher.

Monthly rent-to-price
~0.31%

Typical rent ÷ typical home value. Well under the 1% rule; plan on cash flow from buying right, not from rents.

Direction
Mixed

Over the past year: home values −1.6%, rents +1.8%.

The Tacoma play

House hack a small multifamily

Tacoma's older neighborhoods include duplexes, triplexes and fourplexes. Living in one unit lets you buy with an owner-occupant loan and a smaller down payment, and the other units' rent covers part of the mortgage. Two of our partners have house hacked or done live-in flips themselves.

Washington's HB 1110 (2023, RCW 36.70A.635) also requires cities of 75,000 or more, Tacoma included, to allow at least four units per lot on lots zoned predominantly residential (six near major transit or with affordable units). HB 1337 (RCW 36.70A.681) requires two ADUs per lot with no owner-occupancy rule for long-term rentals.

Why it matters here: a Tacoma lot that can take another unit spreads one purchase price across more rents. Investors look for larger lots with alley access, utilities close by, and transit corridors where higher unit counts may apply.

Before you buy in Tacoma
  • Tacoma's rental rules apply to every unit you rent: a city business license, 180 days' notice on a city form for any rent increase, and relocation payments when rent goes up 5% or more. Underwrite rent growth conservatively.
  • Parts of the Puyallup valley sit in Mount Rainier lahar hazard zones. Check hazard maps and insurance before you buy there.
  • What a specific lot allows is set by Tacoma's adopted code. Confirm zoning, setbacks and utilities with Tacoma Planning and Development Services before you're under contract.

Washington and Tacoma landlord-tenant basics

Rentals in Tacoma fall under Washington's Residential Landlord-Tenant Act (RCW 59.18), which leans toward tenants and caps rent increases statewide. Tacoma's Rental Housing Code (TMC 1.95) and Landlord Fairness Code (TMC 1.100) add more. What investors ask about most:

  • Rent increase cap (HB 1217): at most 7% plus CPI or 10%, whichever is lower, in any 12 months. The cap is 9.683% for 2026 and 10% for 2027. You can't raise rent in the first 12 months of a tenancy. Buildings under 12 years old and some 2–4 unit properties where the owner lives in one unit are exempt. The Department of Commerce publishes each year's cap.
  • Tacoma notice: since January 1, 2026, rent increases need 180 days' notice on a city form that describes the relocation assistance program.
  • Tacoma relocation assistance: if rent goes up 5% or more, the tenant can ask for a relocation payment of two to three times the monthly rent, depending on the size of the increase. You have 30 days to pay once asked.
  • Business license: Tacoma requires a city business license for rental property, and you register each rental when you license. A landlord without one can't serve a rent increase or notice to vacate.
  • Unpaid rent: serve a 14-day notice to pay or vacate, in the form the statute sets out, before you file an eviction. Lockouts and shutting off utilities to force a tenant out are illegal.
  • Deposits: within 30 days after the tenancy ends and the tenant moves out, refund the deposit or send a full, specific written statement of why you kept any of it. Miss the deadline and you can lose the right to keep any of it.
  • Entry: at least 2 days' written notice for repairs or inspections, and 1 day's notice to show the unit to buyers or renters. Emergencies are the exception.

Short-term rental rules in Tacoma

Tacoma treats short-term rentals mainly as a licensing question. There's no separate city STR permit like Seattle's or Bellingham's, but there are rules to know.

  • You need a City of Tacoma business license from the city's Tax and License office before you operate.
  • Renting three or more individual rooms also requires a Transient Accommodations License. Renting a whole unit, or one or two rooms in an owner-occupied home, doesn't.
  • An ADU can be a short-term rental only if the owner lives on the property, in either the main house or the ADU.
  • Short stays owe Washington sales tax and local lodging taxes, and the state's short-term rental law (RCW 64.37) adds requirements such as liability insurance. Confirm which taxes your platform collects for you.
  • HOA rules and CC&Rs can still ban STRs. Puyallup, Lakewood, Gig Harbor and unincorporated Pierce County have their own rules.

Last reviewed October 16, 2026. General information, not legal or tax advice — rules and fees change, so confirm with the city, the statute, or your attorney before you rely on them. Sources: Zillow Research data (ZHVI, ZORI) — Seattle metro; U.S. Census Bureau — Metro population estimates, 2020–2025; RCW 36.70A.635 — Middle housing (HB 1110); RCW 36.70A.681 — Accessory dwelling units (HB 1337); RCW 59.18 — Residential Landlord-Tenant Act; RCW 59.12.030 — Unlawful detainer (14-day notice); RCW 59.18.150 — Landlord's right of entry; RCW 59.18.280 — Return of deposit; WA Department of Commerce — HB 1217 Landlord Resource Center; WA Department of Commerce — 9.683% rent cap for 2026; City of Tacoma — Overview of Rental Housing Code and Landlord Fairness Code updates (2026); City of Tacoma — Overview of the Landlord Fairness Code Initiative (TMC 1.100); City of Tacoma — Rental business license; City of Tacoma — Short-term rentals; City of Tacoma — Accessory dwelling units; RCW 64.37 — Short-term rentals (state).

Related guides
Nearby market guides
Tacoma FAQ

Questions investors ask about Tacoma

Who will I work with in Tacoma?

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We have four vetted agent partners covering Tacoma, Puyallup and Pierce County. Three list multifamily as expertise, two are investors themselves, and one is a Tacoma native with 21 years as a Realtor. Between them they handle small multifamily, house hacks, STRs, 1031 exchanges and out-of-area buyers. If none of them fits your deal, we'll tell you upfront.

Is Tacoma a good market for cash-flowing rentals?

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Not at median prices with a mortgage. Rents across the Seattle metro run about 0.31% of home value per month, far from the 1% rule. Tacoma is cheaper than Seattle, but investors here make the numbers work with small multifamily bought right, house hacking, or adding units to a lot.

Can I run an Airbnb in Tacoma?

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Yes. You need a City of Tacoma business license, and renting three or more separate rooms also needs a Transient Accommodations License. An ADU can only be an STR if the owner lives on the property. HOAs can still ban STRs.

Is Tacoma landlord-friendly?

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No. On top of Washington's statewide rent cap, Tacoma requires 180 days' notice for rent increases and a relocation payment of two to three months' rent if a tenant asks after an increase of 5% or more. Budget for those rules and slower rent growth.

Why do the charts show the Seattle metro?

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Tacoma doesn't have its own metro area in Census, BLS or Zillow data. It's part of the Seattle-Tacoma-Bellevue metro, so the population, jobs, rent and home-value trends on this page cover that whole region. Tacoma homes typically sell below the metro-wide figures; ask your agent for Tacoma-specific comps.

Can I invest in Tacoma if I live out of state?

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Yes. One of our partners lists out-of-state buyers as expertise. Pick an agent who will walk properties for you, attend inspections, and connect you with a property manager who knows Tacoma's rental rules.

What does it cost to get matched with a Tacoma agent?

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Nothing. Agents Invest is free for investors. The agent pays us a referral fee only if you close a deal with them.

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