Tacoma, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Tacoma short-term rental market based on reliable data.

Listings

1772 / 3956

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$33,193

Middle-Earners Revenue

Occupancy

66%

Middle-Earners Occupancy

Home Value

$498,674

Median Home Sale Price

Top Earners

$63,680

Top-Earners Revenue

Tacoma

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Tacoma.

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B

Generally Investor friendly

Tacoma Regulations

Entire home/ADU STRs are permitted citywide without owner-occupancy, 1–2 room rentals are allowed without permits, and renting 3–9 rooms is possible via a Conditional Use Permit, indicating no meaningful caps for primary investor strategies. Compliance includes a modest business license, light safety requirements, and state tax registration. The regulatory stance is supportive and the permitting process is known and manageable.

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About Tacoma

Tacoma is the seat of Pierce County in Washington state, situated on Commencement Bay at the southern end of Puget Sound. With a population of approximately 218,000, it is the third-largest city in Washington and serves as a major port, cultural hub, and the primary gateway to one of the Pacific Northwest's most iconic natural landmarks. The city has a working-class industrial heritage that blends with a revitalized downtown waterfront, an emerging arts scene, and leafy historic neighborhoods. Tacoma sits about 32 miles south of Seattle, roughly a 35-to-50 minute drive depending on traffic, making it a practical alternative base for visitors who want Puget Sound access without Seattle's hotel prices.

Just over an hour's drive southeast of Tacoma, Mount Rainier National Park rises to more than 14,400 feet and anchors the region's identity. The park's Nisqually and Paradise entrances are the closest to the city, both reachable in about 90 minutes in good conditions. Visitors come for the subalpine wildflower meadows, glaciers, and the extensive network of hiking trails that radiate from the mountain's lower slopes, making it a strong day-trip anchor for short-term rental guests.

Within the city limits, Point Defiance Park spans roughly 700 acres of forest, shoreline, and gardens on a peninsula at the northern tip of Tacoma. It is one of the largest urban parks in the United States and contains the Point Defiance Zoo & Aquarium, a five-mile paved loop road for cyclists and runners, an old-growth forest, and beach access along the Sound. Guests who stay in Tacoma can step from a rental into old-growth cedars within minutes, which is unusual for a city of this size.

The Museum of Glass, located on the Thea Foss Waterway, anchors Tacoma's contemporary art identity. It is dedicated to studio glass art and is closely associated with the region's broader glass movement, hosting a working Hot Shop amphitheater where visitors can watch glassblowing demonstrations. A short walk across the Chihuly Bridge of Glass connects the museum to the downtown core and the Washington State History Museum, giving guests an easy half-day of indoor culture.

Tacoma's appeal for short-term rental owners rests on a rare combination: it is large enough to support a year-round calendar of museums, restaurants, and waterfront events, yet close enough to Mount Rainier, the Puget Sound islands, and Seattle that guests can base themselves in a single neighborhood and reach very different experiences within an hour or two in any direction. That mix of urban amenities and outdoor access, set against the backdrop of the Cascades and the Sound, makes the city a flexible lodging market for both leisure and event-driven travel.

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