King County
Washington · Pop. 2,269,675
Ranked #187 of 200 counties
20Crisis
Median Home Price
🏠$850K
3.0% YoY
Median Rent
🔑$2,300
Median Income
💰$105K
Rent Burden
📊30.0%
% of income to rent
Housing Shortage
🏗️45,000
estimated unit deficit
Building Permits (2024)
📋18,000
Price-to-Income Ratio
⚖️8.1x
Homeownership Rate
🏡54.0%
How King County Compares
| Metric | King County | Washington | National |
|---|---|---|---|
| Home Price | $850K | $576K | $410K |
| Rent | $2,300 | $1,731 | $1,500 |
| Income | $105K | $95K | $75K |
| Rent Burden | 30.0% | 35.0% | 30.0% |
| Homeownership | 54.0% | 64.0% | 65.0% |
Key Takeaways
- • Home prices are 107% above the national average.
- • Rent is 53% above the national average.
- • The county has an estimated housing shortage of 45,000 units.
- • 18,000 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.0%.