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Real Estate Prices & Overview

Downtown Tacoma North median real estate price is $944,372, which is more expensive than 79.4% of the neighborhoods in Washington and 89.1% of the neighborhoods in the U.S.

The average rental price in Downtown Tacoma North is currently $2,222, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.6% of Washington neighborhoods.

Downtown Tacoma North is a densely urban neighborhood (based on population density) located in Tacoma, Washington.

Downtown Tacoma North real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Downtown Tacoma North neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Downtown Tacoma North are 5.4%, which is lower than one will find in 64.0% of American neighborhoods. Demand for real estate in Downtown Tacoma North is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Tacoma, the Downtown Tacoma North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Downtown Tacoma North neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Downtown Tacoma North community truly stands out from the rest in this regard.

In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 54.5%. This is a higher percent living alone than we found in 97.5% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Occupations

Executives, managers and professionals make up 74.0% of the workforce in the Downtown Tacoma North neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.4% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Furthermore, with 1.7% of employed workers living in the Downtown Tacoma North neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.8% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Modes of Transportation

In the Downtown Tacoma North neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 29.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 96.7% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Real Estate

The real estate in the Downtown Tacoma North neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 79.9% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.7% of American neighborhoods.

In addition, the Downtown Tacoma North neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 86.8% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Furthermore, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Downtown Tacoma North neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Diversity

Did you know that the Downtown Tacoma North neighborhood has more Lebanese and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Lebanese ancestry and 0.8% have Czechoslovakian ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Downtown Tacoma North neighborhood in Tacoma are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 48.4% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Downtown Tacoma North neighborhood, 74.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 9.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.2%), and 7.4% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Downtown Tacoma North neighborhood is English, spoken by 90.9% of households. Some people also speak Chinese (2.7%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Downtown Tacoma North neighborhood in Tacoma, WA, residents most commonly identify their ethnicity or ancestry as German (22.6%). There are also a number of people of English ancestry (17.3%), and residents who report Irish roots (14.8%), and some of the residents are also of Asian ancestry (4.5%), along with some Italian ancestry residents (4.0%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Downtown Tacoma North neighborhood spend under 15 minutes commuting one-way to work (34.4% of working residents), one of the shortest commutes across America.

Here most residents (50.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (8.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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