States › Washington
State
Washington
39 counties with an index · 23 metro and micro areas · 406 ZIP codes · 173 permit-issuing places · 8,001,020 residents (2025 est.)
FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.
Washington's FHFA house price index starts in 1975. Through 2025 it has risen +1765.8%; over the ten years to 2025 the rise was +113.0% (+7.9% a year), well above the national +85.0%.
The quarterly index through 2026 Q2 is +1.0% on a year earlier and +0.4% on the quarter; nationally +3.0% and +1.1%.
The index peaked in 2007, fell −25.5% to 2012 and regained the peak in 2016; the national index fell −21.3% over 2007–2012.
38,911 housing units were authorised in Washington in the 12 months to August 2026, 4.9 per 1,000 residents against 4.1 nationally; that is +11.4% on the previous 12 months. 39 counties, 23 metro and micro areas, 406 ZIP codes and 173 permit-issuing places in the state have their own pages.
Same span, state and nation
| Change in the FHFA index | Washington | United States |
|---|---|---|
| 1 year (2024–2025) | +1.8% | +2.8% |
| 5 years (2020–2025) | +43.9% | +47.0% |
| 10 years (2015–2025) | +113.0% | +85.0% |
| 20 years (2005–2025) | +137.3% | +79.1% |
| Since 2000 | +238.6% | +158.3% |
| Since 1975 | +1765.8% | +960.7% |
| 10-year annualised | +7.9% | +6.3% |
| 20-year annualised | +4.4% | +3.0% |
Decade by decade
| Decade | Change | United States | |
|---|---|---|---|
| 1980s (1980–1990) | +68.7% | +68.2% | |
| 1990s (1990–2000) | +54.3% | +33.9% | |
| 2000s (2000–2010) | +43.8% | +29.7% | |
| 2010s (2010–2020) | +63.8% | +35.5% | |
| 2020s so far (2020–2025) | +43.9% | +47.0% |
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.
Peak-to-low declines
| Peak | Low | Decline | Peak regained |
|---|---|---|---|
| 2007 | 2012 | −25.5% | 2016 |
| 1981 | 1982 | −13.7% | 1983 |
Purchase-only index
FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.
Counties
Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.
| County | 1 year | 10 years | Since 2000 | Units, 12 months | Per 1,000 | Index through |
|---|---|---|---|---|---|---|
| Lewis County | +3.6% | +146.6% | +250.7% | 312 | 3.5 | 2025 |
| Grays Harbor County | +3.1% | +146.3% | +221.5% | 226 | 2.9 | 2025 |
| Mason County | +4.8% | +139.6% | +254.8% | 239 | 3.4 | 2025 |
| Spokane County | +2.6% | +135.6% | +262.9% | 3,019 | 5.4 | 2025 |
| Pend Oreille County | +11.0% | +134.3% | +267.5% | 45 | 3.1 | 2025 |
| Pierce County | +2.9% | +132.4% | +258.2% | 5,339 | 5.6 | 2025 |
| Wahkiakum County | −1.5% | +132.3% | +234.8% | 27 | 5.5 | 2025 |
| Skagit County | +4.1% | +131.7% | +251.3% | 377 | 2.8 | 2025 |
| Clallam County | +2.7% | +128.8% | +249.8% | 280 | 3.6 | 2025 |
| Snohomish County | +1.3% | +128.0% | +258.0% | 3,405 | 3.9 | 2025 |
| Pacific County | +4.4% | +124.3% | +211.6% | 70 | 2.9 | 2025 |
| Adams County | +2.1% | +123.7% | +246.3% | 52 | 2.4 | 2025 |
| Jefferson County | +1.5% | +122.4% | +254.6% | 192 | 5.7 | 2025 |
| Lincoln County | +5.1% | +122.1% | +256.4% | 50 | 4.2 | 2025 |
| Thurston County | +2.3% | +121.0% | +242.9% | 1,752 | 5.8 | 2025 |
| Cowlitz County | +3.7% | +120.9% | +203.5% | 245 | 2.1 | 2025 |
| Whatcom County | +2.1% | +120.6% | +306.2% | 1,097 | 4.6 | 2025 |
| Benton County | +3.1% | +117.1% | +229.1% | 1,534 | 6.9 | 2025 |
| Island County | +2.2% | +116.9% | +236.7% | 195 | 2.3 | 2025 |
| Kitsap County | +2.7% | +114.3% | +249.9% | 1,201 | 4.2 | 2025 |
| Klickitat County | +4.4% | +113.8% | +247.6% | 100 | 4.1 | 2025 |
| Stevens County | −1.8% | +112.7% | +241.2% | 189 | 3.8 | 2025 |
| Franklin County | +0.5% | +111.8% | +228.3% | 894 | 8.7 | 2025 |
| Chelan County | +2.5% | +111.3% | +259.3% | 540 | 6.6 | 2025 |
| Kittitas County | +1.6% | +109.6% | +212.1% | 331 | 6.8 | 2025 |
| Grant County | +0.7% | +109.4% | +210.2% | 400 | 3.8 | 2025 |
| Walla Walla County | +5.0% | +108.2% | +253.0% | 260 | 4.2 | 2025 |
| Clark County | +2.0% | +107.4% | +227.1% | 3,437 | 6.5 | 2025 |
| Skamania County | +0.7% | +105.9% | +225.3% | 47 | 3.7 | 2025 |
| Douglas County | +0.9% | +105.7% | +252.2% | 584 | 12.6 | 2025 |
| Yakima County | +3.6% | +105.3% | +178.8% | 664 | 2.6 | 2025 |
| Okanogan County | −1.5% | +103.4% | +216.6% | 221 | 4.9 | 2025 |
| King County | +0.9% | +100.6% | +243.2% | 11,408 | 4.9 | 2025 |
| San Juan County | +3.0% | +99.9% | +195.3% | 96 | 5.2 | 2025 |
| Asotin County | +4.4% | +96.1% | +235.8% | 28 | 1.2 | 2025 |
| Columbia County | +1.6% | +96.0% | +231.9% | 3 | 0.7 | 2025 |
| Whitman County | +1.0% | +86.6% | +199.3% | 35 | 0.7 | 2025 |
| Garfield County | +5.7% | +79.0% | — | 3 | 1.2 | 2025 |
| Ferry County | −17.8% | +72.0% | — | 14 | 1.9 | 2025 |
Metro and micropolitan areas
Areas with any county in Washington; multi-state areas appear under each of their states.
| Area | Type | 1 year | 10 years | Year to 2026 Q2 | Units, 12 months |
|---|---|---|---|---|---|
| Centralia, WA | Micro | +3.6% | +146.6% | — | 312 |
| Aberdeen, WA | Micro | +3.1% | +146.3% | — | 226 |
| Shelton, WA | Micro | +4.8% | +139.6% | — | 239 |
| Spokane-Spokane Valley, WA | Metro | +2.2% | +134.1% | 0.0% | 3,208 |
| Mount Vernon-Anacortes, WA | Metro | +4.1% | +131.7% | +3.5% | 377 |
| Port Angeles, WA | Micro | +2.7% | +128.8% | — | 280 |
| Othello, WA | Micro | +2.1% | +123.7% | — | 52 |
| Port Townsend, WA | Micro | +1.5% | +122.4% | — | 192 |
| Olympia-Lacey-Tumwater, WA | Metro | +2.3% | +121.0% | +3.0% | 1,752 |
| Longview-Kelso, WA | Metro | +3.7% | +120.9% | +2.5% | 245 |
| Bellingham, WA | Metro | +2.1% | +120.6% | +0.5% | 1,097 |
| Oak Harbor, WA | Micro | +2.2% | +116.9% | — | 195 |
| Kennewick-Richland, WA | Metro | +2.2% | +115.4% | +1.9% | 2,428 |
| Bremerton-Silverdale-Port Orchard, WA | Metro | +2.7% | +114.3% | +0.1% | 1,201 |
| Seattle-Tacoma-Bellevue, WA | Metro | +1.4% | +111.3% | — | 20,152 |
| Wenatchee-East Wenatchee, WA | Metro | +2.2% | +109.7% | −2.3% | 1,124 |
| Ellensburg, WA | Micro | +1.6% | +109.6% | — | 331 |
| Moses Lake, WA | Micro | +0.7% | +109.4% | — | 400 |
| Walla Walla, WA | Metro | +5.0% | +108.2% | +1.2% | 260 |
| Yakima, WA | Metro | +3.6% | +105.3% | +2.4% | 664 |
| Lewiston, ID-WA | Metro | +1.9% | +102.4% | +4.7% | 185 |
| Pullman, WA | Micro | +1.0% | +86.6% | — | 35 |
| Portland-Vancouver-Hillsboro, OR-WA | Metro | +0.9% | +78.7% | +1.4% | 9,140 |
Building permits
Housing units authorised in Washington by month, latest 60 monthssingle-family2+ unit buildings
Housing units authorised in Washington by year, 1995–2025single-family2+ unit buildings
Single-family share of the latest 12 months: 44% (63% nationally). Since 1995: 1,236,741 units.
Year by year
Each year's index change and permits, with every county's figures for that year.
| Year | Washington index | US index | Units permitted | Single-family |
|---|---|---|---|---|
| 2025 | +1.8% | +2.8% | 34,913 | 17,780 |
| 2024 | +4.1% | +4.9% | 37,778 | 19,136 |
| 2023 | +1.2% | +5.7% | 37,097 | 18,056 |
| 2022 | +17.0% | +15.5% | 49,030 | 20,400 |
| 2021 | +14.6% | +11.6% | 56,941 | 25,076 |
| 2020 | +5.1% | +3.0% | 43,881 | 23,542 |
| 2019 | +5.8% | +4.2% | 48,424 | 23,300 |
| 2018 | +9.2% | +5.7% | 47,746 | 23,676 |
| 2017 | +10.2% | +5.4% | 45,794 | 23,115 |
| 2016 | +10.8% | +5.3% | 44,077 | 22,463 |
| 2015 | +7.3% | +4.4% | 40,374 | 19,797 |
| 2014 | +8.0% | +6.2% | 33,898 | 17,905 |
| 2013 | +4.8% | +3.4% | 32,962 | 18,396 |
| 2012 | −2.5% | −1.8% | 28,118 | 16,508 |
| 2011 | −6.6% | −4.4% | 20,864 | 13,159 |
| 2010 | −7.8% | −5.1% | 20,691 | 14,702 |
| 2009 | −9.6% | −7.5% | 17,011 | 12,991 |
| 2008 | −1.9% | −4.5% | 28,919 | 17,440 |
| 2007 | +6.7% | +0.6% | 47,397 | 30,390 |
| 2006 | +15.5% | +6.6% | 50,033 | 35,611 |
| 2005 | +16.7% | +12.4% | 52,988 | 41,407 |
| 2004 | +9.1% | +9.2% | 50,089 | 36,489 |
| 2003 | +2.7% | +4.5% | 42,825 | 33,091 |
| 2002 | +3.7% | +5.4% | 40,200 | 30,239 |
| 2001 | +5.3% | +6.7% | 38,345 | 26,736 |
| 2000 | +6.4% | +8.3% | 39,021 | 25,471 |
| 1999 | +4.6% | +4.3% | 42,752 | 28,111 |
| 1998 | +5.5% | +3.7% | 45,727 | 28,644 |
| 1997 | +4.3% | +3.8% | 41,089 | 27,776 |
| 1996 | +2.5% | +3.2% | 39,597 | 27,015 |
| 1995 | +4.2% | +3.7% | 38,160 | 26,772 |
Cities issuing the most permits
Housing units authorised in the 12 months to August 2026; every place is listed on its county page.
- Seattle 4,916
- Pierce County Unincorporated Area 2,883
- Bellevue 1,975
- Vancouver 1,400
- Redmond 1,331
- Clark County Unincorporated Area 1,191
- Tacoma 1,184
- Spokane County Unincorporated Area 1,155
- Snohomish County Unincorporated Area 1,123
- Spokane 974
- Pasco 844
- Lacey 748
- Bellingham 640
- Shoreline 614
- Douglas County Unincorporated Area 556
- Spokane Valley 556
- Everett 542
- Kennewick 517
- Marysville 510
- Kitsap County Unincorporated Area 482
- Edmonds 452
- Kirkland 444
- Richland 431
- Des Moines 408
- Stanwood 406
- Lakewood 389
- West Richland 372
- Port Orchard 371
- Thurston County Unincorporated Area 365
- Battle Ground 295
- University Place 292
- Tumwater 287
- Ridgefield 257
- Yakima 255
- Wenatchee 250
- Covington 241
- Olympia 223
- Burien 213
- Walla Walla 207
- Black Diamond 201
Questions and answers
How much have home values in Washington risen over 10 years?
The FHFA index rose +113.0% between 2015 and 2025, +7.9% a year; over 20 years +137.3% and since 2000 +238.6%. Nationally: +85.0%, +79.1% and +158.3%.
Which Washington counties rose most over 10 years?
Lewis County (+146.6%), Grays Harbor County (+146.3%) and Mason County (+139.6%), by FHFA's annual county index to 2025.
What happened to Washington home prices in 2008?
The state index peaked in 2007, fell −25.5% to 2012 and regained its peak in 2016.
How many homes are being built in Washington?
38,911 units were authorised in the 12 months to August 2026: 17,298 single-family and 21,613 in multi-unit buildings, 4.9 per 1,000 residents.
Where does this data come from?
FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.
Provenance
Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.