Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,034, 480 total housing units (homes and apartments), and a median house value of $1,102,055, real estate costs in Tahoma are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Tahoma, accounting for 92.09% of the town's housing units. Other types of housing that are prevalent in Tahoma include duplexes, homes converted to apartments or other small apartment buildings ( 4.95%), large apartment complexes or high rise apartments ( 1.88%).
The most prevalent building size and type in Tahoma are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.13% owning and 36.88% renting.
There is a lot of housing in Tahoma built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Tahoma built between 1940-1969 ( 38.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.83%). There's also some housing in Tahoma built before 1939 ( 3.39%).
A decent proportion of the Tahoma housing stock is seasonally occupied. That is, homes and condos in Tahoma are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Tahoma housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Tahoma has experienced some of the highest home appreciation rates of any community in the nation. Tahoma real estate appreciated 172.20% over the last ten years, which is an average annual home appreciation rate of 10.53%, putting Tahoma in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tahoma definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Tahoma that despite a nationwide downturn in the housing market, Tahoma real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tahoma appreciation rates continue to be some of the highest in America, at 32.20%, which is higher than appreciation rates in 99.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tahoma. Tahoma appreciation rates in the latest quarter were at 24.99%, which equates to an annual appreciation rate of 144.09%.
Importantly, this makes Tahoma one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Tahoma's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$1,102,055
$2,554 / per month