Area Insights of 98408, Tacoma, WA

Stay ahead with market trends and local insights that matter.

Demand Insights

The market shows moderate activity with a price ratio of 1%, reflecting steady buyer interest. A total of 308 homes were sold with 46 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

98408, Tacoma, WA

Date

07-16-2023

Price Ratio

101%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

No schools available

Middle School

Baker Middle School

6 to 8

Ratings

C-

Giaudrone Middle School

6 to 8

Ratings

D-

High School

Industrial Design Engineering and Art

9 to 12

Ratings

B-

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 9% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (20,661)
10,740 Male
9,921 Female
Education
30% High School
13% Associate
16% Bachelor
6% Graduate
Age

Average Age is 38 Years

Household Details

The area's household landscape is diverse, with 68% owner-occupied homes and 32% renter-occupied properties. Family households represent 70% of the population, indicating a strong community focus on family living. The average home value stands at $442,739, which suggests ample demand for multi-bedroom properties.

Total Households
7,992
Average home value
$442,739
Owned
68%
Rented
32%
Vacant
4%
Families
70%
Married
46%
With children
33%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 13% Asian, 11% Black, and 2% Native residents, alongside 50% White and 15% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 31% of households earning over $100,000 annually, while 39% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
2%
Healthcare
13%
Professional
4%
Education
8%
Services
27%
Labor
18%
Retail
20%
Other
8%
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