South Tacoma Home Prices & Values

$146,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 11.5% 1-year change
  • 8.1% 1-year forecast

Market Temperature: ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in South Tacoma is $146,600. South Tacoma home values have gone up 11.5% over the past year and Zillow predicts they will rise 8.1% within the next year. The median list price per square foot in South Tacoma is $107, which is lower than the Tacoma average of $133. The median price of homes currently listed in South Tacoma is $120,000 while the median price of homes that sold is $136,650. The median rent price in South Tacoma is $915, which is lower than the Tacoma median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In South Tacoma 11.0 homes are foreclosed (per 10,000). This is lower than the Tacoma value of 11.8 and also greater than the national value of 4.3

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Relative ZHVI
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South Tacoma Market Overview

Data through Jun 30, 2014
  • $146,600 ZHVI
  • 8.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $120,000 Median listing price
  • $136,650 Median sale price
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South Tacoma Market Health

Data through Jun 30, 2014
  • 2.2/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)

Homes foreclosed (per 10,000)

11 homes South Tacoma
11.8 homes Tacoma
4.3 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
North End $298,600 Northeast Tacoma $285,700 West End $245,900
New Tacoma $195,100 Central $169,700 South End $151,800
Eastside-ENACT $149,300    

Listings & Sales

Data through Jun 30, 2014
  • $107 Median list price / sq ft
  • $116 Median sale price / sq ft
  • 32.8% Listings with price cut
25.0%
Sold below listing
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South Tacoma Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,197 South Tacoma
$1,328 Tacoma
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $915 Rent list price
  • $0.99 Rent list price / sq ft
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