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Washington County, OR

RANK #984 / 1001 NAT  ·  #18 / 18 OR  ·  POP 603,947

1YR FORECAST: -2.8%

5YR OUTLOOK: +6%

Our model projects Washington County's housing market at -2.8% over the next year, underperforming most U.S. counties.

[01] Why Washington County?

Washington County, Oregon, distinguishes itself with the Tualatin Valley, a fertile area framed by the Tualatin Mountains to the east and north, the Chehalem Mountains to the south, and the Northern Oregon Coast Range to the west. Hillsboro, the county seat and largest city, is located approximately 20 miles west of Portland, offering a suburban feel with urban amenities. The Tualatin River flows through the county, providing opportunities for recreation and contributing to the area's natural beauty. Outdoor enthusiasts can explore Henry Hagg Lake for fishing, boating, and biking trails, or visit the Jackson Bottom Wetlands Preserve for walking and wildlife viewing. Public transportation, including buses, MAX Light Rail, and WES Commuter Rail, connects residents throughout the county and to the wider Portland metropolitan area.

Life in Washington County offers a blend of suburban living and access to nature, appealing to families and professionals. The public schools in the county are rated above average, with several districts consistently recognized for their performance. The local economy is significantly influenced by the "Silicon Forest," a concentration of technology companies. While the county has seen job growth, particularly in computer and electronic product manufacturing, administrative services, and food services, there has been a recent leveling off in overall employment growth. The county actively supports economic development through programs focused on business growth and workforce development, often in collaboration with local partners.

MARKET PROFILE

Western Premium Correction

Washington 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 -3.0% runs below the profile's typical -0.8%.

See all 78 Western Premium Correction counties →

[02] Market Snapshot

Housing Ratio
13.1x

Overvalued relative to economy

Home Prices
-3.0%

Prices declining

Climate & Terrain
2.6

Moderate climate & terrain

Price/Rent
26x

Speculative pricing

Housing looks overvalued at 13.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Intel Technology
    10,000+
  2. 2
    Nike, Inc. Retail
  3. 3
    Legacy Health Healthcare
  4. 4
    Kaiser Permanente Healthcare
  5. 5
    Fred Meyer Stores Retail
    5,000+
  6. 6
    Lam Research Technology
    2,500+
  7. 7
    Washington County Government Government
    1,000+
  8. 8
    Tokyo Electron America Technology
  9. 9
    ASML Technology
  10. 10
    Hillsboro Medical Center (OHSU) Healthcare

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

[04] Home Value Growth vs National

Washington 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
603,947
+0.61% YoY
Median Household Income
$107,772
Median Home Value
$588,000
-2.96% 12mo
Median Rent
$1,849
Average Annual Pay
$90,051
-0.3% YoY
Employment
302,275
-2.1% YoY
Income-to-Home-Value
0.1833
Near national average
Migration Inflow
3.02%
of pop. from another state
Bachelor's Degree+
47.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$565,500
Days on Market
24
Active market
Months of Supply
2.6
Seller's market
Sale-to-List Ratio
100.1%
Homes selling above asking
Sold Above List
35.4%
Listings w/ Price Drops
38.3%
Building Permits (2025)
1,886
Single-Family Permits
1,646

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

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.9
per 100K · nat avg 6.3
Firearm Fatalities
8.8
per 100K · nat avg 14.8
Injury Deaths
51.1
per 100K · nat avg 76.3
vs National Average
Well 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)
36.3
Good
Good Air Days
72%
789 of 1,095 days
Unhealthy+ Days (3yr)
5
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
36
2022
37
2023
36
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

$1,306M
TOTAL
PROJECT AMOUNT STATUS
Big Meeks Energy Storage
Undisclosed (BlackRock company Jupiter Power is involved in Blackberry Grove, another Washington County BESS project)
$500M Proposed
Crane Data Centers Campus (Forest Grove)
Crane Data Centers
$500M Under Construction
Blackberry Grove Energy Storage Facility
Jupiter Power (a BlackRock company)
$100M Planned
Nottingham Storage Project (Battery Energy Storage System)
BrightNight (under contract with Portland General Electric)
$86M Planned
Meadowlark BESS (Battery Energy Storage System)
Copenhagen Infrastructure Partners, LLC
$80M Planned
Affordable Housing and Permanent Supportive Housing Initiatives
Washington County Department of Housing Services & partners
$40M Under Construction

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

[08] Score Breakdown

Population Growth +0.6% 49 percentile
Income Growth +3.2% 61 percentile
Vacancy Rate 1.0% 52 percentile
Home Price Change -3.0% 6 percentile
Rent Growth -0.8% 7 percentile
Price/Rent 26x 2 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is Washington County, OR a good place to move to?

The data is not encouraging — Washington County scores just 1/100 on the Boom Town Index, ranking #984 of 1001 counties. Job growth at -2.1% and median household income of $107,772 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Washington County affordable?

Washington County leans toward the expensive side. A median home value of $588,000 against an income-to-home-value ratio of 0.18 means housing eats a bigger share of local earnings than the national norm. Renters face $1,849/month on average.

Is Washington County growing or shrinking?

Washington County is attracting residents (population +0.6% YoY) even as the job market softens with employment at -2.1%. Housing values changed -3.0% over the past 12 months. People may be moving here for affordability or lifestyle reasons rather than job opportunities.

Are people moving to Washington County?

There's a moderate stream of newcomers. About 3.02% of residents moved from another state, which is above average and suggests Washington County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

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