Back to City Analysis

Lake Tapps, WA | City Real Estate Market Analysis

Lake Tapps, Pierce County, Washington
City Analysis Real Estate Market WA Pierce County
View Properties in Lake Tapps
Lake Tapps
Market Insight

Lake Tapps, WA Investment Potential Analysis

Market analysis for Lake Tapps, WA will appear here once data is available. This section will surface investment opportunities, risk assessments, neighbourhood trends, and local real estate insights specific to this market.

—
Avg. Home Value
🏠 Median residential property value in Lake Tapps.
97.00%
Property Tax Rate
🏛️ Effective property tax rate for this market.
$103,574
Avg. Household Income
💵 Average annual household income in the area.
12,202
Population
👥 Total city population estimate.
—
Unemployment Rate
📊 Local unemployment vs. national benchmark.

Lake Tapps, WA Real Estate Market Property Overview

  • Real estate market overview for Lake Tapps, WA, Pierce County
  • Population of 12,202
  • Average household income of $103,574
  • Property tax rate of 97.00%
  • Median resident age of 38.50

Property Details

City Lake Tapps State Washington
County Pierce Country USA
Population 12,202 Median Age 38.50
Avg. Household Income $103,574 Median Home Value N/A
Unemployment Rate N/A Property Tax Rate 97.00%
Top Industries N/A Economic Overview N/A
Coordinates 47.2307, -122.1695 Properties Listed 0

Model investment returns using Lake Tapps, WA market data as defaults

25%
5.0%
30 years
97.00%
5 years
3.0%
Down Payment Amount:$125,000
Loan Amount:$375,000
Monthly Mortgage:$2,012
Monthly Tax:$490
Total Monthly Payment:$2,502
Monthly Cash Flow:$581
Cash on Cash Return:5.6%
Cap Rate:5.0%
Debt Coverage Ratio:1.23x
IRR (5 years):8.4%
Projected Property Value:$579,637
Total Equity:$234,891
📊Monthly Payment Analysis

Calculating...

💵Cash on Cash Return

Calculating...

🚀Internal Rate of Return

Calculating...

🏛️Property Tax Analysis

Calculating...

* Calculations use Lake Tapps, WA median home value as the default purchase price. All figures are estimates only. Consult financial and legal professionals before investing.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating… —
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating… —
Projected difference —

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital strategy
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors · Private overview · PDF access

Investment Due Diligence For Lake Tapps, WA Income Property

Key questions for informed investment decisions

What's the overall investment potential of Lake Tapps, WA? +
With a median household income of $103,574 and a low poverty rate of 4.4%, Lake Tapps presents a stable investment market, further reinforced by its high health insurance coverage of 95.2% and relatively short average commute time of 33.9 minutes, indicating a strong and reliable workforce.
How does the local economy impact real estate demand? +
The top industries in Lake Tapps, including Information and Professional, Scientific, & Management, & Administrative & Waste Management Services, drive demand for housing, while the city's diverse population, with top ethnicities being White, White Non-Hispanic, and Two Or More, contributes to a vibrant community, and with an employed population of 6,047, the market is likely to remain robust.
What are the key factors influencing property values in Lake Tapps? +
The median property value of $363,800, combined with a high homeownership rate of 88.6% and relatively low poverty rate of 4.4%, suggests that property values are likely to appreciate over time, and with a GINI coefficient of 0.35 indicating moderate income inequality, the market may offer opportunities for both luxury and affordable housing investments.
How does the commute and transportation infrastructure affect the quality of life for residents? +
The average commute time of 33.9 minutes in Lake Tapps, with top commute methods including driving alone, working from home, and carpooling, indicates a relatively convenient and flexible transportation infrastructure, which, paired with the high health insurance coverage rate of 95.2%, contributes to a high quality of life for residents and potentially higher rental yields and property appreciation.
What's the outlook for rental yields and property appreciation in Lake Tapps? +
Given the city's strong economy, with a median household income of $103,574 and top industries driving job growth, along with its high homeownership rate of 88.6% and moderate median property taxes of $3,630, Lake Tapps is likely to experience steady property appreciation and attractive rental yields, making it an appealing market for real estate investors seeking long-term growth and stable returns.
What are some of the best neighborhoods to live in Lake Tapps? +
Some of the best neighborhoods to live in Lake Tapps include Daffodil Estates, Crystal Ridge, and the southwest parts of the city. These areas are known for their spacious homes, family-friendly atmosphere, and stunning views of Mount Rainier.
What are some fun things to do in Lake Tapps? +
There are plenty of fun things to do in Lake Tapps, including visiting the Lake Tapps Park, going to the beach, swimming, boating, fishing, and exploring nearby sites. You can also take a day trip to Seattle or visit the Washington State Fair Event Center.
What is the food scene like in Lake Tapps? +
The food scene in Lake Tapps is vibrant and offers a variety of options, including Italian cuisine at Al Lago Ristorante Italiano, steakhouse options at The Mill Steakhouse + Spirits, and fresh seafood at Island Lodge. There are also plenty of great food trucks and local favorites to try.
What are the pros and cons of living in Lake Tapps? +
The pros of living in Lake Tapps include its peaceful and family-friendly atmosphere, beautiful lake views, and abundant trees. However, some cons include the potential for traffic and crowds during peak season, and the need for a car to get around. Overall, Lake Tapps is a great place to live for those who value a relaxed and natural environment.
Is Lake Tapps a good place to live? +
Yes, Lake Tapps is a good place to live, offering a unique blend of natural beauty, outdoor recreation, and small-town charm. With its strong sense of community, good schools, and relatively low crime rate, Lake Tapps is an attractive option for families, retirees, and anyone looking for a relaxed and peaceful lifestyle.

Things Near Lake Tapps, WA

Metro Center Station

0.2 miles

Grand Central Market

0.4 miles

About Lake Tapps

Lake Tapps, WA is a stable investment market with a median household income of $103,574 and relatively low poverty rate of 4.4%. This market tends to attract families and professionals due to its high median property value of $363,800 and high homeownership rate of 88.6%. The top industries in the area, including Information and Professional, Scientific, & Management, & Administrative & Waste Management Services, suggest a strong and diverse economy. However, the 33.9-minute average commute time may be a challenge for some investors. On the other hand, the high health insurance coverage rate of 95.2% and low poverty rate indicate a relatively high quality of life. The population of 12,202, with a median age of 38.5, is predominantly White, with 46.2% identifying as White and 44.8% as White Non-Hispanic. While the GINI coefficient of 0.35 suggests some income inequality, the overall economic indicators are positive. The employed population of 6,047 and top commute methods of Drove Alone, Worked At Home, and Carpooled also provide insight into the daily lives of residents. Overall, Lake Tapps presents a solid investment opportunity, but investors should be aware of the potential challenges, including the commute time and income inequality. With a strong economy, high quality of life, and relatively low poverty rate, Lake Tapps is an attractive option for investors looking for a stable market.

Population 12,202
Median Age 38.50
Avg. Household Income $103,574

Similar Properties Near Lake Tapps, WA

Explore More in Washington

City Analysis (WA)

Aberdeen, WA Aberdeen Gardens, WA Acme, WA Addy, WA Ahtanum, WA Airway Heights, WA Albion, WA Alder, WA Alderton, WA Alderwood Manor, WA Alger, WA Algona, WA Allyn, WA Almira, WA Altoona, WA Amanda Park, WA Amboy, WA Ames Lake, WA Anacortes, WA Anatone, WA Anderson Island, WA Arlington, WA Arlington Heights, WA Artondale, WA Ashford, WA Asotin, WA Auburn, WA Bainbridge Island, WA Bangor Base, WA Banks Lake South, WA Barberton, WA Baring, WA Barstow, WA Basin City, WA Battle Ground, WA Bay Center, WA Bay View, WA Beacon Hill, WA Beaux Arts Village, WA Belfair, WA Bell Hill, WA Bellevue, WA Bellingham, WA Benton City, WA Bethel, WA Beverly, WA Bickleton, WA Big Lake, WA Bingen, WA Birch Bay, WA Black Diamond, WA Blaine, WA Blyn, WA Bonney Lake, WA Bothell, WA Bothell East, WA Bothell West, WA Boulevard Park, WA Bow, WA Boyds, WA Brady, WA Bremerton, WA Brewster, WA Bridgeport, WA Brier, WA Brinnon, WA Browns Point, WA Brush Prairie, WA Bryant, WA Bryn Mawr-Skyway, WA Buckley, WA Bucoda, WA Buena, WA Bunk Foss, WA Burbank, WA Burien, WA Burley, WA Burlington, WA Camano, WA Camas, WA Canterwood, WA Canyon Creek, WA Carbonado, WA Carlsborg, WA Carnation, WA Carson, WA Cascade Valley, WA Cashmere, WA Castle Rock, WA Cathcart, WA Cathlamet, WA Cavalero, WA Centerville, WA Central Park, WA Centralia, WA Chain Lake, WA Chehalis, WA Chelan, WA Chelan Falls, WA Cheney, WA Cherry Grove, WA Chewelah, WA Chico, WA Chinook, WA Clallam Bay, WA Clarkston, WA Clarkston Heights-Vineland, WA Clayton, WA Cle Elum, WA Clear Lake, WA Clearview, WA Cliffdell, WA Clinton, WA Clover Creek, WA Clyde Hill, WA Cohassett Beach, WA Colfax, WA College Place, WA Colton, WA Colville, WA Conconully, WA Concrete, WA Connell, WA Conway, WA Copalis Beach, WA Cosmopolis, WA Cottage Lake, WA Cougar, WA Coulee City, WA Coulee Dam, WA Country Homes, WA Coupeville, WA Covington, WA Cowiche, WA Crescent Bar, WA Creston, WA Crocker, WA Curlew, WA Curlew Lake, WA Cusick, WA Custer, WA Dallesport, WA Danville, WA Darrington, WA Dash Point, WA Davenport, WA Dayton, WA Deep River, WA Deer Park, WA Deming, WA Des Moines, WA Desert Aire, WA Disautel, WA Dixie, WA Donald, WA Duluth, WA DuPont, WA Duvall, WA East Cathlamet, WA East Port Orchard, WA East Renton Highlands, WA East Wenatchee, WA Eastmont, WA Easton, WA Eatonville, WA Edgewood, WA Edison, WA Edmonds, WA Elbe, WA Electric City, WA Elk Plain, WA Ellensburg, WA Elma, WA Elmer City, WA Endicott, WA Enetai, WA Entiat, WA Enumclaw, WA Ephrata, WA Erlands Point, WA Eschbach, WA Esperance, WA Everett, WA Everson, WA Fairchild AFB, WA Fairfield, WA Fairwood, WA Fall City, WA Farmington, WA Federal Way, WA Felida, WA Fern Prairie, WA Ferndale, WA Fife, WA Fife Heights, WA Finley, WA Fircrest, WA Five Corners, WA Fobes Hill, WA Fords Prairie, WA Forks, WA Fort Lewis, WA Four Lakes, WA Fox Island, WA Frederickson, WA Freeland, WA Friday Harbor, WA Garfield, WA Garrett, WA Geneva, WA George, WA

More Cities

Gig Harbor, WA Glacier, WA Gleed, WA Glenwood, WA Gold Bar, WA Goldendale, WA Gorst, WA Graham, WA Grand Coulee, WA Grand Mound, WA Grandview, WA Granger, WA Granite Falls, WA Grapeview, WA Grayland, WA Grays River, WA Green Bluff, WA Greenwater, WA Hamilton, WA Hansville, WA Harrah, WA Harrington, WA Hartline, WA Hat Island, WA Hatton, WA Hazel Dell, WA Herron Island, WA High Bridge, WA Hobart, WA Hockinson, WA Home, WA Hoodsport, WA Hoquiam, WA Humptulips, WA Hunts Point, WA Ilwaco, WA Inchelium, WA Index, WA Indianola, WA Ione, WA Issaquah, WA Jamestown, WA Kahlotus, WA Kalama, WA Kapowsin, WA Kayak Point, WA Keller, WA Kelso, WA Kendall, WA Kenmore, WA Kennewick, WA Kent, WA Ketron Island, WA Kettle Falls, WA Key Center, WA Keyport, WA Kingston, WA Kirkland, WA Kitsap Lake, WA Kittitas, WA Klickitat, WA Krupp, WA La Center, WA La Conner, WA La Grande, WA Lacey, WA LaCrosse, WA Lake Bosworth, WA Lake Cassidy, WA Lake Cavanaugh, WA Lake Forest Park, WA Lake Goodwin, WA Lake Holm, WA Lake Ketchum, WA Lake Marcel-Stillwater, WA Lake McMurray, WA Lake Morton-Berrydale, WA Lake Roesiger, WA Lake Shore, WA Lake Stevens, WA Lake Stickney, WA Lakeland North, WA Lakeland South, WA Lakeview, WA Lakewood, WA Lamont, WA Langley, WA Larch Way, WA Latah, WA Laurier, WA Leavenworth, WA Lebam, WA Lewisville, WA Lexington, WA Liberty Lake, WA Lind, WA Lochsloy, WA Lofall, WA Long Beach, WA Longbranch, WA Longview, WA Longview Heights, WA Loomis, WA Loon Lake, WA Lower Elochoman, WA Lyle, WA Lyman, WA Lynden, WA Lynnwood, WA Mabton, WA Machias, WA Malden, WA Malo, WA Malone, WA Malott, WA Maltby, WA Manchester, WA Mansfield, WA Manson, WA Maple Falls, WA Maple Heights-Lake Desire, WA Maple Valley, WA Maplewood, WA Marblemount, WA Marcus, WA Marietta-Alderwood, WA Marine View, WA Markham, WA Marrowstone, WA Martha Lake, WA Maryhill, WA Marysville, WA Mattawa, WA May Creek, WA McChord AFB, WA McCleary, WA McKenna, WA McMillin, WA Mead, WA Meadow Glade, WA Meadowdale, WA Medical Lake, WA Medina, WA Mercer Island, WA Mesa, WA Metaline, WA Metaline Falls, WA Methow, WA Midland, WA Mill Creek, WA Mill Creek East, WA Millwood, WA Milton, WA Mineral, WA Minnehaha, WA Mirrormont, WA Moclips, WA Monroe, WA Monroe North, WA Montesano, WA Morton, WA Moses Lake, WA Moses Lake North, WA Mossyrock, WA Mount Vernon, WA Mount Vista, WA Mountlake Terrace, WA Moxee, WA Mukilteo, WA Naches, WA Napavine, WA Naselle, WA Navy Yard City, WA Neah Bay, WA Neilton, WA Nespelem, WA Nespelem Community, WA Newcastle, WA Newport, WA Nile, WA Nisqually Indian Community, WA Nooksack, WA Normandy Park, WA North Bend, WA North Bonneville, WA North Fort Lewis, WA North Lynnwood, WA North Omak, WA North Puyallup, WA North Sultan, WA North Yelm, WA Northport, WA Northwest Stanwood, WA Oak Harbor, WA Oakesdale, WA Oakville, WA Ocean City, WA Ocean Park, WA Ocean Shores, WA Ocosta, WA Odessa, WA Okanogan, WA Olympia, WA Omak, WA Onalaska, WA Orchards, WA Orient, WA Oroville, WA Orting, WA Oso, WA Othello, WA

Browse Properties

Properties in Otis Orchards-East Farms, WA Properties in Outlook, WA Properties in Oyehut, WA Properties in Pacific, WA Properties in Pacific Beach, WA Properties in Packwood, WA Properties in Palouse, WA Properties in Parker, WA Properties in Parkland, WA Properties in Parkwood, WA Properties in Pasco, WA Properties in Pataha, WA Properties in Pateros, WA Properties in Pe Ell, WA Properties in Peaceful Valley, WA Properties in Picnic Point, WA Properties in Pine Grove, WA Properties in Point Roberts, WA Properties in Pomeroy, WA Properties in Port Angeles, WA Properties in Port Angeles East, WA Properties in Port Gamble Tribal Community, WA Properties in Port Hadlock-Irondale, WA Properties in Port Ludlow, WA Properties in Port Orchard, WA Properties in Port Townsend, WA Properties in Porter, WA Properties in Poulsbo, WA Properties in Prairie Heights, WA Properties in Prairie Ridge, WA Properties in Prescott, WA Properties in Prosser, WA Properties in Puget Island, WA Properties in Pullman, WA Properties in Purdy, WA Properties in Puyallup, WA Properties in Queets, WA Properties in Qui-nai-elt Village, WA Properties in Quilcene, WA Properties in Quincy, WA Properties in Raft Island, WA Properties in Rainier, WA Properties in Ravensdale, WA Properties in Raymond, WA Properties in Reardan, WA Properties in Redmond, WA Properties in Renton, WA Properties in Republic, WA Properties in Richland, WA Properties in Ridgefield, WA Properties in Ritzville, WA Properties in River Road, WA Properties in Riverbend, WA Properties in Riverpoint, WA Properties in Riverside, WA Properties in Roche Harbor, WA Properties in Rochester, WA Properties in Rock Island, WA Properties in Rockford, WA Properties in Rockport, WA Properties in Rocky Point, WA Properties in Ronald, WA Properties in Roosevelt, WA Properties in Rosalia, WA Properties in Rosburg, WA Properties in Rosedale, WA Properties in Roslyn, WA Properties in Roy, WA Properties in Royal City, WA Properties in Ruston, WA Properties in Ryderwood, WA Properties in Salmon Creek, WA Properties in Sammamish, WA Properties in Santiago, WA Properties in Satsop, WA Properties in Schwana, WA Properties in Seabeck, WA Properties in SeaTac, WA Properties in Seattle, WA Properties in Sedro-Woolley, WA Properties in Sekiu, WA Properties in Selah, WA Properties in Sequim, WA Properties in Shadow Lake, WA Properties in Shelton, WA Properties in Shoreline, WA Properties in Silvana, WA Properties in Silver Firs, WA Properties in Silverdale, WA Properties in Sisco Heights, WA Properties in Skamokawa Valley, WA Properties in Skokomish, WA Properties in Skykomish, WA Properties in Snohomish, WA Properties in Snoqualmie, WA Properties in Snoqualmie Pass, WA Properties in Soap Lake, WA Properties in South Bend, WA Properties in South Cle Elum, WA Properties in South Creek, WA Properties in South Hill, WA Properties in South Prairie, WA Properties in South Wenatchee, WA Properties in Southworth, WA Properties in Spanaway, WA Properties in Spangle, WA Properties in Spokane, WA Properties in Spokane Valley, WA Properties in Sprague, WA Properties in Springdale, WA Properties in St. John, WA Properties in Stansberry Lake, WA Properties in Stanwood, WA Properties in Starbuck, WA Properties in Startup, WA Properties in Steilacoom, WA Properties in Steptoe, WA Properties in Stevenson, WA Properties in Sudden Valley, WA Properties in Sultan, WA Properties in Sumas, WA Properties in Summit, WA Properties in Summit View, WA Properties in Sumner, WA Properties in Suncrest, WA Properties in Sunday Lake, WA Properties in Sunland Estates, WA Properties in Sunnyside, WA Properties in Sunnyslope, WA Properties in Suquamish, WA Properties in Swede Heaven, WA Properties in Tacoma, WA Properties in Taholah, WA Properties in Tampico, WA Properties in Tanglewilde, WA Properties in Tehaleh, WA Properties in Tekoa, WA Properties in Tenino, WA Properties in Terrace Heights, WA Properties in Thorp, WA Properties in Three Lakes, WA Properties in Tieton, WA Properties in Tokeland, WA Properties in Toledo, WA Properties in Tonasket, WA Properties in Toppenish, WA Properties in Torboy, WA Properties in Touchet, WA Properties in Town and Country, WA Properties in Tracyton, WA Properties in Trout Lake, WA Properties in Tukwila, WA Properties in Tumwater, WA Properties in Twin Lakes, WA Properties in Twisp, WA Properties in Union, WA Properties in Union Gap, WA Properties in Union Hill-Novelty Hill, WA Properties in Uniontown, WA Properties in University Place, WA Properties in Upper Elochoman, WA Properties in Vader, WA Properties in Valley, WA Properties in Vancouver, WA Properties in Vantage, WA Properties in Vashon, WA Properties in Vaughn, WA Properties in Venersborg, WA Properties in Verlot, WA Properties in Waitsburg, WA Properties in Walla Walla, WA Properties in Walla Walla East, WA Properties in Waller, WA Properties in Wallula, WA Properties in Wapato, WA Properties in Warden, WA Properties in Warm Beach, WA Properties in Washougal, WA Properties in Washtucna, WA Properties in Waterville, WA Properties in Wauna, WA Properties in Waverly, WA Properties in Wenatchee, WA Properties in West Clarkston-Highland, WA Properties in West Pasco, WA Properties in West Richland, WA Properties in Westport, WA Properties in Wheeler, WA Properties in Whidbey Island Station, WA Properties in White Center, WA Properties in White Salmon, WA Properties in White Swan, WA Properties in Wilbur, WA Properties in Wilderness Rim, WA Properties in Wilkeson, WA Properties in Willapa, WA Properties in Wilson Creek, WA Properties in Winlock, WA Properties in Winthrop, WA Properties in Wishram, WA Properties in Wollochet, WA Properties in Woodinville, WA Properties in Woodland, WA Properties in Woods Creek, WA Properties in Woodway, WA Properties in Yacolt, WA Properties in Yakima, WA Properties in Yarrow Point, WA Properties in Yelm, WA Properties in Zillah, WA
Investor Materials

Access the REI Capital investment overview

Review the acquisition strategy, underwriting framework, risk considerations, and investor onboarding process in one private PDF.

Access Investment Materials