Metro area index
Home appreciation in the Tacoma-Lakewood, WA metropolitan division
FHFA HPI® data shows the Tacoma-Lakewood, WA metropolitan division's all-transactions index changed +1.9% over the year to Q2 2026, versus +1.1% for Washington and +3.0% for the U.S. That ranks 289th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +1.9%
- 5-year change
- +28.4%
- Since Q1 1995
- +385%
- Metro rank (1 year)
- 289th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Tacoma-Lakewood, WA vs Washington and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Tacoma-Lakewood, WA: 485.1
- Washington: 486.5
- United States: 391.6
Appreciation by time window
| Window | Metro | WA | U.S. | Gap vs WA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.9% | +1.1% | +3.0% | +0.8 pts | −1.2 pts |
| 3 years | +8.8% | +8.2% | +12.9% | +0.5 pts | −4.1 pts |
| 5 years | +28.4% | +29.7% | +41.3% | −1.3 pts | −12.8 pts |
| 10 years | +120% | +105% | +93.3% | +15.5 pts | +27.0 pts |
| Since Q1 1995 | +385% | +387% | +292% | −1.4 pts | +93.5 pts |
3-digit ZIP regions in the Tacoma-Lakewood, WA area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 984 · Tacoma, WA area | WA | +3.1% | +27.9% | +422% | 100% |
| 983 · Bremerton, WA area | WA | +0.3% | +29.4% | +347% | 53% |
Boom, bust, and recovery in Tacoma-Lakewood, WA area
Tacoma-Lakewood, WA area's index peaked in Q3 2007, fell 32.3% to its low in Q2 2012, and regained its peak in Q2 2017, about 9.8 years after the top. Today it sits +98.8% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q3 2007 | Q2 2012 | -32.3% | Q2 2017 (9.8 yrs) | +98.8% |
| WA | Q4 2007 | Q2 2012 | -25.2% | Q2 2016 (8.5 yrs) | +106% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Tacoma-Lakewood, WA area's index has changed +119% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | WA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.9% | -2.7% | -0.8% |
| 3 years | +9.8% | -0.9% | -1.4% | +2.8% |
| 5 years | +24.0% | +3.6% | +4.6% | +13.9% |
| 10 years | +39.1% | +58.4% | +47.3% | +39.0% |
| Since Q1 1995 | +121% | +119% | +120% | +76.8% |
If you bought in the Tacoma-Lakewood, WA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +376% | $1,428,135 |
| Q2 2000 | +291% | $1,174,078 |
| Q2 2005 | +153% | $759,060 |
| Q2 2010 | +152% | $756,417 |
| Q2 2015 | +144% | $731,880 |
| Q2 2020 | +52.2% | $456,656 |
| Q2 2021 | +28.5% | $385,359 |
| Q2 2023 | +8.8% | $326,352 |
| Q2 2025 | +1.9% | $305,575 |
Frequently asked questions
- How much have home prices risen in the Tacoma-Lakewood, WA area?
- FHFA HPI® data for the Tacoma-Lakewood, WA metropolitan division shows changes of +1.9% over one year, +28.4% over five years, and +120% over ten years to Q2 2026, and +385% since Q1 1995.
- Is the Tacoma-Lakewood, WA area beating the national average?
- Over the past year the metro's index moved −1.2 pts versus the U.S.; over five years the gap is −12.8 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.