Home prices
The cost of the median home in Lake Tapps is $431,000. In comparison to nearby areas it is about $82,100 (23%) higher.It is approximately $213,500 (98%) higher in comparison to the rest of the country, and compared to the city of Seattle it is approximately $232,100 (35%) lower.
Rents
In Lake Tapps the median rent is $1,526 a month. This is roughly $191 (14%) higher compared to its nearby areas.It is roughly $464 (43%) higher compared to the US as a whole, and compared to the city of Seattle is approximately $88 (5%) lower.
Nearby places
Sumner
Sumner is Lake Tapps's neighbor to the west. Its housing prices are a little less expensive. The median home in Sumner is valued at $333,000, which comes out to $98,000 (29%) lower than Lake Tapps. The rent there is a little less expensive. Sumner's median monthly rent is $1,194, which works out to $332 (27%) lower than Lake Tapps.
Bonney Lake
Bonney Lake is Lake Tapps's neighbor to the south. The housing prices there are a bit less expensive. Bonney Lake's median home cost is $331,200, which is $99,800 (30%) lower than Lake Tapps. The rent there is fairly similar. In Bonney Lake the median monthly rent is $1,605, which is $79 (4%) higher than Lake Tapps.
Pacific
Pacific is about 3 miles northwest of Lake Tapps. Its housing prices are substantially less expensive. The median home in Pacific is valued at $281,800, which is $149,200 (52%) lower than Lake Tapps. Rent there is a bit less expensive. Pacific's median monthly rent is $1,231, which is $295 (23%) lower than Lake Tapps.
Alderton
Alderton is roughly 4 miles southwest from Lake Tapps. Its real estate prices are substantially less expensive. The median home in Alderton is valued at $325,700, which works out to $105,300 (32%) lower than Lake Tapps. The rent there is similar. The median rent in Alderton is $1,477 a month, which comes out to $49 (3%) lower than Lake Tapps.
Lake Holm
Lake Holm is about 4 miles north of Lake Tapps. Its housing prices are a bit more expensive. The median home value in Lake Holm is $472,800, which works out to $41,800 (8%) higher than Lake Tapps. The rent there is a bit less expensive. In Lake Holm the median monthly rent is $1,168, which works out to $358 (30%) lower than Lake Tapps.
