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Pierce County, WA

RANK #824 / 1001 NAT  ·  #13 / 21 WA  ·  POP 930,319

1YR FORECAST: -1.1%

5YR OUTLOOK: +23%

Our model projects Pierce County's housing market at -1.1% over the next year, underperforming most U.S. counties.

[01] Why Pierce County?

Mount Rainier, a prominent feature on the eastern edge of Pierce County, is a major draw, offering extensive hiking trails and year-round recreation. Located in western Washington, Pierce County sits about 32 miles south of Seattle, with Tacoma serving as its largest city and county seat. The county's landscape blends urban areas with natural beauty, including Puget Sound, rivers, lakes, and forests. Commute options include public transit, carpooling, and vanpooling, with resources available for planning trips and finding rideshares. Towns like Gig Harbor offer a waterfront atmosphere, while Puyallup is known for the Washington State Fair. The community feel varies from urban in Tacoma to more rural in areas like Eatonville and Orting, which offer mountain views and larger lots.

Life in Pierce County offers a mix of urban and rural experiences, with access to education, healthcare, and various employment opportunities. Families often consider the public schools, which are generally above average, with districts like Puyallup School District having a good reputation. The economy, historically rooted in timber, has diversified to include sectors such as aerospace, technology, and healthcare. Major employers include Joint Base Lewis-McChord and the Port of Tacoma. While the county has seen job growth in education, health services, and trade, it also faces challenges with housing affordability and an elevated local inflation rate.

MARKET PROFILE

Western Premium Correction

Pierce County is one of 78 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of -0.5% matches the profile's typical -0.8%.

See all 78 Western Premium Correction counties →

[02] Market Snapshot

Housing Ratio
19.6x

Overvalued relative to economy

Home Prices
-0.5%

Prices declining

Climate & Terrain
4.6

Favorable climate & terrain

Price/Rent
23x

Prices detached from rents

Housing looks overvalued at 19.6x — home prices are high 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
    Joint Base Lewis-McChord (JBLM) Military
    50,000+
  2. 2
    MultiCare Health System Healthcare
    5,000+
  3. 3
    State of Washington Government
  4. 4
    CHI Franciscan Health Healthcare
  5. 5
    Tacoma Public Schools Education
    2,500+
  6. 6
    City of Tacoma (includes Tacoma Public Utilities) Government
  7. 7
    Pierce County Government Government
  8. 8
    Puyallup School District Education
  9. 9
    Bethel School District Education
  10. 10
    Safeway and Albertson's Retail
    1,000+

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

[04] Home Value Growth vs National

Pierce County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
930,319
+0.67% YoY
Median Household Income
$99,564
Median Home Value
$526,600
-0.54% 12mo
Median Rent
$1,806
Average Annual Pay
$73,989
+5.1% YoY
Employment
337,125
+1.1% YoY
Income-to-Home-Value
0.1891
Near national average
Migration Inflow
3.24%
of pop. from another state
Bachelor's Degree+
30.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$585,000
Days on Market
13
Very hot — homes selling fast
Months of Supply
2.6
Seller's market
Sale-to-List Ratio
100.4%
Homes selling above asking
Sold Above List
38.4%
Listings w/ Price Drops
37.9%
Building Permits (2025)
3,782
Single-Family Permits
1,717

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

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.3
per 100K · nat avg 6.3
Firearm Fatalities
14.4
per 100K · nat avg 14.8
Injury Deaths
87.9
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)
42.7
Good
Good Air Days
71%
781 of 1,095 days
Unhealthy+ Days (3yr)
14
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
42
2022
44
2023
42
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

$700M
TOTAL
PROJECT AMOUNT STATUS
Greenwater Energy Storage Project
BrightNight and Cordelio Power
$400M Under Construction
Centeris Data Center Expansion (Voltage Park)
Voltage Park / Centeris Data Centers
$200M Under Construction
Frederickson 1 Generating Station (Capital Power Acquisition)
Capital Power / Puget Sound Energy
$50M Operating
Tacoma LNG Facility and PSE Natural Gas Distribution System Upgrades
Puget Sound Energy (PSE)
$50M Operating

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

[08] Score Breakdown

Population Growth +0.7% 52 percentile
Income Growth +3.0% 58 percentile
Vacancy Rate 0.9% 59 percentile
Home Price Change -0.5% 21 percentile
Rent Growth +2.8% 48 percentile
Price/Rent 23x 8 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

The data is not encouraging — Pierce County scores just 17/100 on the Boom Town Index, ranking #824 of 1001 counties. Job growth at +1.1% and median household income of $99,564 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Pierce County affordable?

Pierce County leans toward the expensive side. A median home value of $526,600 against an income-to-home-value ratio of 0.19 means housing eats a bigger share of local earnings than the national norm. Renters face $1,806/month on average.

Is Pierce County growing or shrinking?

Pierce County is growing on multiple fronts. Population is up +0.7% year-over-year while employers added jobs at a +1.1% clip. Home values shifted -0.5% in the past year.

Are people moving to Pierce County?

There's a moderate stream of newcomers. About 3.24% of residents moved from another state, which is above average and suggests Pierce County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Thurston County, WA 17 Island County, WA 18 Spokane County, WA 16 Skagit County, WA 19 Clark County, WA 14 Chelan County, WA 21 San Joaquin County, CA 17 Union County, NJ 17