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Monday, May 13, 2024

Seattle Grows 20,100 In One Year

In the latest state population estimate, Seattle is grew by 20,100 in one year. Seattle’s population rebounded from its brief pandemic dip with a vengeance according to the latest population estimates from the Washington State Office of Financial Management (OFM). The Emerald City set a new OFM high of 762,500 as of April 1, 2022, which is an increase of 20,100 residents (+2.7%) from the previous April.

Far outpacing the suburbs, Seattle accounted for two-thirds of King County’s annual population growth — tallied at 30,650 (+1.3%) by OFM. Seattle alone outgrew both Snohomish and Pierce County put together. Far to the south in the Portland metro, Vancouver posted another solid year of growth, adding 3,200 residents (+1.6%) and reaching a population of 197,600. Clark County added 7,800 (+1.5%) in population overall.

Overall, Washington State grew by 97,425 residents (+1.3%) year-over-year, according to the OFM. With the 7,864,400 figure this year, the state appears on pace to exceed eight million Washingtonians by 2024. 

The latest figures match the pre-pandemic pattern of Seattle taking the lion’s share of the county’s population growth. About â…” of King County’s population growth in the past year has been in Seattle. Not much growth in the suburbs.

Bellevue grew by just 1,300 residents (+0.9%) Bellevue’s average single-family home price nearly hitting the $2 million mark.  Housing supply isn’t meeting demand. Prices are jumping much faster than the population. Mercer Island shrank by 10 residents. Recently, Mercer Island City Council extended a development moratorium on a redevelopment site near the soon-to-open light rail station. Tacoma posted a 2,100 increase (+1.0%) to 220,800 residents, while Bremerton added 1,250 residents (+2.8%).

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