Seattle’s Population Growth and Housing Market

Over the past decade, Seattle has been one of the fastest-growing cities in the United States. According to U.S. Census data, Seattle's population grew by over 21% from 2010 to 2020, making it the fastest-growing large city in the country during that period. However, this growth has put significant pressure on the housing market. In recent years, Seattle’s housing prices have surged, with the median home price now sitting around $850,000 as of 2023. Renters also face challenges, with the average rent for a one-bedroom apartment in the city hovering near $2,100 per month.

This growth has led to increased demand for new housing developments, but also concerns about affordability and gentrification, particularly in historically diverse neighborhoods like the Central District and South Seattle.