Housing Affordability

  1. Overall Housing Affordability Index
  2. First-Time Buyer Housing Affordability Index
Source University of Washington: Runstad Center for Real Estate Studies
Data Table 4-07: Housing Affordability
Explanation Thurston County's housing affordability index was 172.0 for the first quarter of 2016 and has experienced a significant drop since the first quarter of 2015 (183.4).  However, Thurston County is still more affordable than the first quarter of 2007 (104.8) when affordability was at its lowest.

Thurston County remains:
  • More affordable than the counties associated with the Seattle/Tacoma/Everett metropolitan area (King, Kitsap, Pierce and Snohomish).
  • Less affordable than adjacent counties to the west and south (Grays Harbor, Lewis, and Mason).
Housing affordability for first-time homebuyers in Thurston County also experienced a significant drop since the first quarter of 2015.  In 2015, the index sat at 97.2 while in the first quarter of 2016 it fell to 88.5.  Real estate, however, continues to be more affordable for first-time homebuyers than in 2006 or 2007 (when indices were below 70.0).
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