The average rent for an apartment in Thurston County in 2018 was $1,187, a 15% increase from the previous year ($1,056).
2018 was the first year since 2012 that the average rent for an apartment in Thurston County exceeded the average rent for an apartment in Pierce County since 2013, even though the average rent for both 1-bedroom and 2-bedroom apartments were higher in Pierce County than in Thurston County ($1,126 compared to $1,048 for 1-bedroom units, and $997 compared to $979 for 2-bedroom units).
For King, Pierce, and Thurston 2018 marked the fifth consecutive year average apartment rents increased, when adjusted for inflation. From 2013 to 2018, average inflation-adjusted rents increased 4.2% in King County, 2.7% in Pierce County, and 3.4% in Thurston County.
For Thurston County from 2013 to 2018, the average inflation-adjusted rents increased 2.8% per year for 1-bedroom apartments and 2.3% per year for 2-bedroom apartments.
NOTE: Because a change of methodology from the source, 2018 data is not directly comparable to data from previous years. For more information, read the "Data and Methods" section on the original report.
In 2018, the vacancy rate for apartments in Pierce, Thurston, and King all converged within 0.2% of each other.
From 2013 to 2018, apartment vacancy rates in Pierce and Thurston counties have fluctuated compared to King County's apartment relatively stable vacancy rate. Since 2001, Pierce and Thurston counties have mostly had similar apartment vacancy rates.
The vacancy rate for Thurston County in 2018 has bounced back from a low of 2.6% from 2016, which may indicate greater housing supply.
NOTE: Because of a change of methodology from the source for 2018 data, 2018 data is not directly comparable to data from previous years. For more information, read the "Data and Methods" section on the original report.