Pierce County
Washington · Pop. 921,130
Ranked #130 of 200 counties
36Crisis
Median Home Price
🏠$480K
4.5% YoY
Median Rent
🔑$1,700
Median Income
💰$75K
Rent Burden
📊30.5%
% of income to rent
Housing Shortage
🏗️18,000
estimated unit deficit
Building Permits (2024)
📋7,500
Price-to-Income Ratio
⚖️6.4x
Homeownership Rate
🏡60.0%
How Pierce County Compares
| Metric | Pierce County | Washington | National |
|---|---|---|---|
| Home Price | $480K | $576K | $410K |
| Rent | $1,700 | $1,731 | $1,500 |
| Income | $75K | $95K | $75K |
| Rent Burden | 30.5% | 35.0% | 30.0% |
| Homeownership | 60.0% | 64.0% | 65.0% |
Key Takeaways
- • Home prices are 17% above the national average.
- • Rent is 13% above the national average.
- • The county has an estimated housing shortage of 18,000 units.
- • 7,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 4.5%.