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King County, WA

Seattle

RANK #959 / 996 NAT  ·  #21 / 21 WA  ·  POP 2,254,371

1YR FORECAST: -0.3%

5YR OUTLOOK: +7%

Our model projects King County's housing market at -0.3% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    Amazon Technology
    50,000+
  2. 2
    Microsoft Technology
  3. 3
    The Boeing Company Manufacturing
    25,000+
  4. 4
    University of Washington Education
  5. 5
    King County Government Government
    10,000+
  6. 6
    Providence Swedish Healthcare
  7. 7
    Starbucks Retail
  8. 8
    T-Mobile Technology
    5,000+
  9. 9
    Nordstrom Retail
  10. 10
    Google Technology

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
54.8%
of residents (national avg: 33%)

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] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.8
per 100K · nat avg 6.3
Firearm Fatalities
8.9
per 100K · nat avg 14.8
Injury Deaths
67.5
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
45.0
Good
Good Air Days
62%
678 of 1,095 days
Unhealthy+ Days (3yr)
30
Includes 2 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
43
2022
46
2023
46
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

The data is not encouraging — King County scores just 3/100 on the Boom Town Index, ranking #959 of 996 counties. Job growth at -0.4% and median household income of $116,340 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is King County affordable?

King County leans toward the expensive side. A median home value of $761,500 against an income-to-home-value ratio of 0.15 means housing eats a bigger share of local earnings than the national norm. Renters face $1,950/month on average.

Is King County growing or shrinking?

King County's population is growing — up +0.6% YoY — while the job market is roughly flat (employment change of -0.4%). Home values shifted -2.4% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are many people relocating to King County?

Not particularly — 1.7% of King County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Chelan County, WA 13 Spokane County, WA 27 Kitsap County, WA 28 Benton County, WA 29 Walla Walla County, WA 31 Thurston County, WA 32 Santa Clara County, CA 3 Contra Costa County, CA 4