June 12th, 2026 11:38 AM by Sam Kader
For many Seattle-area buyers, Tacoma is becoming harder to ignore. A recent Seattle Times article highlighted how Tacoma continues to draw buyers who want more space, a lower purchase price, and a neighborhood feel while still staying within the greater Puget Sound region. The article notes that Tacoma’s median single-family home price was about $500,000 in May, compared with more than $1 million in Seattle, based on Northwest Multiple Listing Service data.
That price difference is a major reason why some Seattle buyers are looking south. A buyer who may only be able to afford a small home or condo in Seattle may find a larger single-family home, a yard, or an older character home in Tacoma. For families, first-time buyers, and move-up buyers, that extra space can make a meaningful difference.
The article describes Tacoma as offering “more bang for the buck” compared with Seattle. Buyers are finding homes in neighborhoods such as Hilltop, North End, North Slope, Lincoln International District, and areas near Ruston Way. Some buyers are attracted to older homes, larger lots, parks, waterfront access, and Tacoma’s historic neighborhood character.
However, Tacoma is not simply a low-cost alternative anymore. Desirable homes, especially in the North End and homes with water views, can still receive strong buyer interest and sell for well over the asking price. In some higher-demand areas, homes can exceed $1 million, especially when there are views or waterfront proximity.
While Tacoma remains more affordable than Seattle, the article also points out that the market has cooled compared with the peak years of 2020 through early 2022. Higher mortgage rates, elevated home prices, and job uncertainty have caused some buyers and sellers to pause. Buyers are being more selective, and homes that need work may sit longer than they did during the hottest part of the market.
This can create opportunities for prepared buyers. In a more balanced market, buyers may have more room to ask for seller concessions, repairs, or closing cost assistance, depending on the property and competition. That said, well-priced homes in desirable locations can still move quickly.
One important point from the article is that lower-priced homes remain highly competitive. Buyers looking under $400,000 may still face limited inventory, multiple offers, or homes that need repairs. This is especially true for single-family homes that are move-in ready.
For buyers in this range, preparation matters. Having financing reviewed early, understanding monthly payment comfort, and being ready to act quickly can make a major difference.
Tacoma may be more affordable, but buyers should carefully consider commute time. Driving from Tacoma to Seattle on I-5 can be difficult, especially during peak hours. Some commuters use Sound Transit or other transit options, and the article highlights buyers who make the commute work by taking the train a few days per week.
For Seattle workers considering Tacoma, the decision is not just about purchase price. It is also about lifestyle, commute tolerance, school needs, neighborhood preference, and long-term plans.
Tacoma may be a practical option for buyers who feel priced out of Seattle but still want to remain in the Puget Sound area. It offers a mix of affordability, older homes, parks, waterfront access, and city amenities. At the same time, buyers should not assume every Tacoma home is a bargain. Location, condition, views, neighborhood demand, and commute all play a major role in value.
For buyers comparing Seattle, South King County, and Pierce County, the best approach is to look at both the purchase price and the total monthly payment. Mortgage rate, property taxes, homeowners insurance, mortgage insurance, HOA dues, and commuting costs can all affect affordability.
Tacoma continues to be one of the more attractive alternatives for Seattle-area buyers seeking relative affordability. The market is not as overheated as it was a few years ago, but good homes in desirable locations still receive attention. Buyers who are prepared, realistic, and properly pre-approved will be in the strongest position.
If you are considering buying in Seattle, Tacoma, or anywhere in the greater Puget Sound area, it is helpful to review your financing options early so you understand your price range, monthly payment, and available loan programs before making an offer.
Pacific Coast Financial LLC Local Seattle mortgage broker serving homebuyers throughout Washington. This information is provided for educational purposes only and is not a commitment to lend. Loan programs, rates, terms, and eligibility are subject to change without notice. All loans are subject to borrower qualification, credit approval, income and asset verification, property review, and underwriting approval. Equal Housing Opportunity.