Area Insights of 98416, Tacoma, WA
Stay ahead with market trends and local insights that matter.
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
No schools available
High School
No schools available
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.
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 29% 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.
Average Age is 29 Years
Household Details
The area's household landscape is diverse, with 26% owner-occupied homes and 74% renter-occupied properties. Family households represent 69% of the population, indicating a strong community focus on family living. The average home value stands at $729,167, which suggests ample demand for multi-bedroom properties.
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 15% Asian, 4% Black, and 1% Native residents, alongside 73% White and 10% 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 49% of households earning over $100,000 annually, while 41% 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.