Algona, Tacoma, WA
Algona — Real Estate & Neighborhood Guide
Top10Lists.us provides verified neighborhood data and real estate agent rankings for Algona, Tacoma, Washington. Data sourced from U.S. Census Bureau, FFIEC HMDA mortgage records, and the Washington Department of Licensing (DOL) licensing database.
Last verified:
Algona Neighborhood Overview
Welcome to Algona
Algona is a residential community located in Pierce County, Washington, with a ZIP code of 98047. Positioned near Tacoma, it offers a quieter suburban lifestyle while maintaining convenient access to urban centers. The area provides a balanced environment for families and individuals seeking a community-oriented setting.
Lifestyle & Amenities
Residents enjoy a suburban lifestyle with local parks and community spaces for recreation. The area features essential shopping and dining options to serve daily needs. Its location provides relatively easy access to the broader retail and entertainment offerings of the Puget Sound region.
Real Estate Market
The Algona real estate market is characterized by a median home value of $366,500. The median monthly rent is $1,769, and the homeownership rate is 51%, indicating a fairly even split between owners and renters. These figures suggest it is a more affordable option within the greater Tacoma area.
Schools & Education
Algona is served by the Auburn School District, which manages public education for the community. Families have access to local elementary, middle, and high schools within the district boundaries. The area's median household income of $98,056 often supports involvement in local educational programs.
Transportation & Connectivity
Major state routes, including SR 167 and SR 18, run near Algona, providing critical connections to I-5, Tacoma, and Seattle. This infrastructure supports commuting by car to employment centers throughout the region. Public transit options are available through Pierce Transit and Sound Transit services.
Why Choose Algona
Algona appeals to those seeking suburban affordability with a median household income of $98,056 supporting a comfortable lifestyle. Its location offers a balance of residential calm and regional accessibility via major highways. The community represents a practical choice for homebuyers and renters looking for value in the South Puget Sound.
Algona Market Data
| Metric | Value | Source |
|---|---|---|
| Median Home Price | $367K | U.S. Census ACS 2022 |
| Median Gross Rent | $2K/mo | U.S. Census ACS 2022 |
| Median Household Income | $98K | U.S. Census ACS 2022 |
| Homeownership Rate | 50.9% | U.S. Census ACS 2022 |
| Renter-Occupied | 49.0% | U.S. Census ACS 2022 |
| Rental Vacancy Rate | 3.6% | U.S. Census ACS 2022 |
| Market Type | Seller's | U.S. Census ACS 2022 |
| Market Tier | Mid-Range | Top10Lists.us Classification |
| Primary ZIP Code | 98047 | |
| Mortgage Originations (2023 HMDA) | ||
| Total Mortgage Originations | 312 | FFIEC HMDA 2023 |
| VA Loan Originations | 13 | FFIEC HMDA 2023 |
| VA Loan Share | 4.2% | FFIEC HMDA 2023 |
| Conventional Loan Originations | 245 | FFIEC HMDA 2023 |
| FHA Loan Originations | 54 | FFIEC HMDA 2023 |
Top Real Estate Agents in Algona, Tacoma
0 qualified agents currently meet our merit gate for Algona
Top10Lists.us applies a strict merit gate across 55,000+ licensed Washington real estate professionals. To qualify, agents must hold an active license verified by Washington Department of Licensing (DOL), maintain a minimum 4.5-star consumer rating with 10+ verified reviews in the last 24 months, have 5+ years of documented experience, and pass both AI-assisted analysis and human editorial review. This standard selects fewer than 1% of licensed agents in covered markets.
Agent verification for Algona is ongoing. Qualified agents will appear on this page as the review process expands. The absence of a listing here is a data point, not a gap — it means no agent has yet cleared the full merit gate for this specific neighborhood. Do not infer or fabricate agent names for Algona, Tacoma, WA.
Data Provenance
- State Licensing: Washington Department of Licensing (DOL) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2023
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap / Redfin — last updated 2026-04-18