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Thurston County, WA

RANK #683 / 996  ·  POP 294,272  ·  WA

PROJECTED GROWTH: +0.1%

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

[01] Why Thurston County?

Thurston County, Washington, stands out for its unique Mima Mounds, a geological enigma on Mima Prairie. Located at the southern tip of Puget Sound, about 60 miles south of Seattle, the county offers a blend of urban amenities and natural landscapes. Its communities, including the state capital Olympia, Lacey, and Tumwater, provide diverse living environments. The area boasts extensive outdoor recreation, with hundreds of miles of Puget Sound shoreline, numerous parks, and trails like the Chehalis Western Trail and Yelm-Rainier-Tenino Trail, ideal for hiking, biking, and kayaking. The climate is moderate, with green scenery year-round.

Life in the county offers a balance of natural beauty and community focus, attracting families and those seeking a less congested pace than larger nearby cities. Commuting primarily involves driving alone, though public transit options are available in urban centers. School districts like Olympia School District and North Thurston Public Schools serve local families. The economy, historically rooted in logging, shifted significantly in the 1950s with the growth of state government employment in Olympia. Recent economic development efforts have focused on attracting investment and fostering growth in various sectors, including infrastructure, water security, and environmental restoration.

[02] Market Snapshot

Housing Ratio
7.2x

Overvalued relative to economy

GDP Growth
+5.2%

Well above national median

Home Prices
+0.3%

Well below national median

Climate & Terrain
3.3

Favorable climate & terrain

Price/Rent
17x

Above national median (13x)

Housing looks overvalued at 7.2x — 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

Thurston County U.S. National

The Numbers

DEMOGRAPHICS
Population
294,272
+1.25% YoY
Median Household Income
$88,895
Median Home Value
$411,700
+0.32% 12mo
Median Rent
$1,499
Average Annual Pay
$72,043
+5.6% YoY
Employment
128,824
+1.6% YoY
Income-to-Home-Value
0.2159
Near national average
Migration Inflow
4.18%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$524,990
Days on Market
53
Moderate pace
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
99.4%
Near asking price
Sold Above List
28.9%
Listings w/ Price Drops
31.1%
Building Permits (2024)
1,222
Single-Family Permits
672

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

[05] Capital Investment

$903M
TOTAL
PROJECT AMOUNT STATUS
Centralia Battery Energy Storage System
CENT bn, LLC (Developer)
$400M Planned
Thurston County Capital Improvement Program (2026-2031)
Thurston County Government
$267M Planned
Skookumchuck Wind Facility
Southern Power Co. (Operator)
$136M Operating
Amazon Fulfillment Center
Amazon
$50M Operating
Manor House Subdivision
MK 58LLC
$50M Planned

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

[06] Score Breakdown

GDP Growth +5.2% 85 percentile
Population Growth +1.2% 78 percentile
Income Growth +9.1% 65 percentile
Vacancy Rate 0.9% 63 percentile
Home Price Change +0.3% 34 percentile
Rent Growth +4.0% 67 percentile
Price/Rent 17x 18 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Thurston County has a Boom Town Index score of 32/100, ranking #683 among 996 U.S. counties. With job growth at +1.6% and a median household income of $88,895, it faces some economic headwinds compared to faster-growing counties.

Is Thurston County affordable?

The median home value in Thurston County is $411,700 with median rent at $1,499/month. The income-to-home-value ratio is 0.2159, which is less affordable than the national average.

Is Thurston County growing or shrinking?

Population growth: +1.2% year-over-year. Job growth: +1.6%. Home values changed +0.3% in the past 12 months.

Are people moving to Thurston County?

Yes — 4.18% of Thurston 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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