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King County, WA

RANK #789 / 996  ·  POP 2,254,371  ·  WA

PROJECTED GROWTH: -0.5%

King County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why King County?

Stretching from Puget Sound to the Cascade Range, King County, Washington, is known for its diverse landscapes and the prominent city of Seattle, its county seat. The county offers extensive outdoor recreation, with over 200 parks, 185 miles of regional trails, and 275 miles of backcountry trails, providing opportunities for hiking, biking, and water activities on its numerous lakes and rivers. Commute options are varied, including bus, light rail, streetcar, and water taxi services, with free transit for those 18 and under. The community feel ranges from dense urban centers to affluent suburbs and rural areas.

Life in King County offers a blend of urban amenities and access to nature. The public school system is highly rated, with many top-ranked schools. The economy, historically rooted in logging, has evolved significantly. It is now driven by various sectors, including professional and business services, health services, and education. Major investments in infrastructure and clean water initiatives are ongoing, contributing to the region's quality of life. The area has seen substantial population growth, partly due to the expansion of the technology industry.

[02] Market Snapshot

Housing Ratio
4.2x

Below national median (4.7x)

GDP Growth
+5.8%

Well above national median

Home Prices
-2.4%

Prices declining

Climate & Terrain
4.5

Favorable climate & terrain

Price/Rent
28x

Speculative pricing

Housing is fairly valued at 4.2x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

King County U.S. National

The Numbers

DEMOGRAPHICS
Population
2,254,371
+0.6% YoY
Median Household Income
$116,340
Median Home Value
$761,500
-2.39% 12mo
Median Rent
$1,950
Average Annual Pay
$132,279
+9.8% YoY
Employment
1,449,785
-0.4% YoY
Income-to-Home-Value
0.1528
Less affordable than average
Migration Inflow
1.7%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$850,000
Days on Market
24
Active market
Months of Supply
2.6
Seller's market
Sale-to-List Ratio
99.7%
Near asking price
Sold Above List
24.0%
Listings w/ Price Drops
24.3%
Building Permits (2024)
10,564
Single-Family Permits
2,352

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$628M
TOTAL
PROJECT AMOUNT STATUS
Wastewater Treatment Division Infrastructure Upgrades (14 projects)
King County Wastewater Treatment Division
$498M Under Construction
Cascadia Ridge Resiliency Energy Storage Facility
Jupiter Power
$130M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +5.8% 89 percentile
Population Growth +0.6% 57 percentile
Income Growth +9.4% 71 percentile
Vacancy Rate 1.2% 40 percentile
Home Price Change -2.4% 13 percentile
Rent Growth +1.0% 19 percentile
Price/Rent 28x 1 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is King County, WA a good place to move to?

King County has a Boom Town Index score of 21/100, ranking #789 among 996 U.S. counties. With job growth at -0.4% and a median household income of $116,340, it faces some economic headwinds compared to faster-growing counties.

Is King County affordable?

The median home value in King County is $761,500 with median rent at $1,950/month. The income-to-home-value ratio is 0.1528, which is less affordable than the national average.

Is King County growing or shrinking?

Population growth: +0.6% year-over-year. Job growth: -0.4%. Home values changed -2.4% in the past 12 months.

[08] Similar Metros

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