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Pierce County, WA

RANK #679 / 996  ·  POP 918,993  ·  WA

PROJECTED GROWTH: +0.1%

Pierce County ranks in the bottom tier of U.S. counties on economic momentum.

[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.

[02] Market Snapshot

Housing Ratio
8.2x

Overvalued relative to economy

GDP Growth
+2.7%

Below national median

Home Prices
-0.7%

Prices declining

Climate & Terrain
4.6

Favorable climate & terrain

Price/Rent
19x

Above national median (13x)

Housing looks overvalued at 8.2x — 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] Signal Profile

[04] Home Value Growth vs National

Pierce County U.S. National

The Numbers

DEMOGRAPHICS
Population
918,993
+0.96% YoY
Median Household Income
$91,486
Median Home Value
$444,600
-0.68% 12mo
Median Rent
$1,604
Average Annual Pay
$70,395
+5.1% YoY
Employment
333,492
+0.8% YoY
Income-to-Home-Value
0.2058
Near national average
Migration Inflow
3.75%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$588,975
Days on Market
56
Moderate pace
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
99.8%
Near asking price
Sold Above List
31.3%
Listings w/ Price Drops
27.0%
Building Permits (2024)
3,207
Single-Family Permits
1,731

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

[05] 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.

[06] Score Breakdown

GDP Growth +2.7% 50 percentile
Population Growth +1.0% 71 percentile
Income Growth +10.8% 89 percentile
Vacancy Rate 0.9% 67 percentile
Home Price Change -0.7% 23 percentile
Rent Growth +3.2% 55 percentile
Price/Rent 19x 10 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Pierce County has a Boom Town Index score of 32/100, ranking #679 among 996 U.S. counties. With job growth at +0.8% and a median household income of $91,486, it faces some economic headwinds compared to faster-growing counties.

Is Pierce County affordable?

The median home value in Pierce County is $444,600 with median rent at $1,604/month. The income-to-home-value ratio is 0.2058, which is less affordable than the national average.

Is Pierce County growing or shrinking?

Population growth: +1.0% year-over-year. Job growth: +0.8%. Home values changed -0.7% in the past 12 months.

Are people moving to Pierce County?

Yes — 3.75% of Pierce County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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