The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

Pros and Cons Of Living in Tacoma, WA

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Tacoma, Washington, has quietly emerged as a coveted destination for those seeking a vibrant and balanced lifestyle. Like any city, Tacoma comes with its unique set ofPros and Cons Of Living in Tacoma advantages and challenges that cater to a diverse range of residents. In this comprehensive guide, we’ll delve into the pros and cons of living in Tacoma, providing valuable insights for individuals contemplating a move to this dynamic city.

Pros of Living in Tacoma:

1. Scenic Beauty and Outdoor Recreation:

Tacoma, WA, captivates with its enchanting natural landscapes, featuring awe-inspiring views of the Puget Sound and the majestic Mount Rainier. The city’s terrain is adorned with an abundance of parks and hiking trails, forming a sanctuary for outdoor enthusiasts. 

Whether you seek the exhilaration of kayaking, the serenity of hiking, or savor a stroll, Tacoma offers a diverse array of outdoor activities tailored to every preference.

Navigating through Tacoma is remarkably easy, enhancing the overall experience of living in this picturesque city. And when it comes to relocating within Tacoma, WA, the proficient services of movers in Tacoma, WA, ensure a seamless transition without any hassles.

2. Cultural Diversity and Community Spirit:

Tacoma stands as a true melting pot of cultures, fostering a sense of diversity and inclusivity. The palpable community spirit is evident in the myriad of events and festivals that bring residents together.

The city’s commitment to embracing different cultures contributes to a vibrant social tapestry, making Tacoma an inviting place to call home.

3. Affordable Housing Options:

Compared to its bustling neighbor, Seattle, Tacoma offers a more affordable range of housing options. Whether you’re searching for a charming historic home or a modern apartment with a view, the real estate market in Tacoma caters to various preferences and budgets. This affordability factor makes Tacoma an attractive prospect for those looking to establish roots without breaking the bank.

According to Redfin, the Tacoma housing market is very competitive. Homes in Tacoma receive two offers on average and sell in around 20 days. The median sale price of a house in Tacoma was $440K last month, up 3.5% since last year. The median sale price per square foot in Tacoma is $295, up 4.2% since last year.

Zillow has 270 homes for sale in Tacoma, WA. The median home value in Tacoma is $360,000, which is higher than the national median home value of $281,900.

The median rent in Tacoma is $1,800, which is higher than the national median rent of $1,268. The cost of living in Tacoma is considered affordable compared to other cities in the United States.

The Tacoma housing market is very competitive, with a median sale price of $440K and a median sale price per square foot of $295. The median home value in Tacoma is $360,000, which is higher than the national median home value of $281,900. 

The median rent in Tacoma is $1,800, which is higher than the national median rent of $1,268. The cost of living in Tacoma is considered affordable compared to other cities in the United States.

4. Thriving Arts and Music Scene:

Art and music flourish in Tacoma, driven by a burgeoning community of local artists and musicians. The city hosts numerous art galleries, live music venues, and cultural events throughout the year. If you identify as a creative soul, Tacoma’s vibrant arts scene is sure to be a major draw, offering inspiration and a platform for self-expression.

5. Quality Education Institutions:

For families with children, Tacoma boasts reputable educational institutions. From well-regarded public schools to private academies, parents can find educational options that cater to their children’s needs.

The city’s commitment to education is evident in its well-maintained schools and supportive learning environments, providing a solid foundation for the younger generation.

Cons of Living in Tacoma:

1. Traffic Congestion:

A significant drawback of living in Tacoma is the prevalent traffic congestion, particularly during rush hours. Commuting to nearby Seattle can be a challenging experience, with locals often finding themselves stuck in frustrating traffic jams. However, ongoing infrastructure improvements signal a commitment to addressing this issue in the long run.

2. Job Market Challenges:

While Tacoma’s job market is on an upward trajectory, it may not be as robust as some of its neighboring cities. Individuals seeking specific industries or high-tech jobs may find more lucrative opportunities in Seattle. Nevertheless, Tacoma’s economic landscape is dynamic, with new job prospects continually emerging as the city evolves.

3. Weather:

Tacoma experiences the typical Pacific Northwest weather, characterized by mild, wet winters and dry summers. The persistent rain may pose a challenge for those who prefer a sunnier climate. However, for those who appreciate the lush green landscapes that the rain brings, the weather may be a trade-off worth considering.

4. Limited Public Transportation:

Efforts are underway to improve public transportation in Tacoma, but the system is not as extensive as in some larger cities. Personal vehicles remain a common mode of transportation, and commuters may face challenges if they prefer or rely on public transit for daily commuting.

5. Gentrification Concerns:

As Tacoma undergoes revitalization, concerns have arisen about gentrification impacting the affordability and character of specific neighborhoods. While urban renewal brings positive aspects, such as improved infrastructure and amenities, it can also lead to increased living costs and potential displacement for long-time residents.

Is Tacoma the Right Fit for You?

In the process of weighing the pros and cons of living in Tacoma, it becomes crucial to consider your lifestyle, priorities, and personal preferences. The city’s natural beauty, cultural diversity, and affordable housing make it an attractive option for many. 

However, challenges such as traffic congestion and job market dynamics should be carefully factored into the decision-making process.

Ultimately, Tacoma offers a unique blend of urban amenities and natural wonders, making it a compelling choice for those seeking a balanced and vibrant living experience. As with any significant decision, thorough research and a visit to the city to experience its atmosphere firsthand can help you determine if Tacoma is the right fit for you. 

The city’s evolving landscape and diverse offerings may be the key to unlocking your ideal living destination in the Pacific Northwest.

Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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