Seattle, WA
Multifamily · primary market · Seattle-Tacoma-Bellevue, WA · population 4,021,467
Score
+0.27 Expanding
Public data alone: +0.27. No firm read has been written for this market, so the score is the public data and nothing else.
Macro economic
+0.09Flat35% of the scoreaverage hourly earnings growth (+5.4% YoY) leads the read; labor force growth (+0.0% YoY) and unemployment rate (5.0%) pull against it. 1 other sits near neutral. 4 of 5 indicators reported; the other 1 is not scored rather than scored as zero.
Show the 5 indicators behind this
| Indicator | Published | Scored | As of | Source |
|---|---|---|---|---|
| Average hourly earnings growth (YoY) | +5.4% YoY | +0.82 | 2026-07-01 | fred · SMU53426600500000003 |
| House price index change (YoY) | — | — | ||
| Job growth (total nonfarm, YoY) | +0.6% YoY | +0.04 | 2026-07-01 | fred · SEAT653NA |
| Labor force growth (YoY) | +0.0% YoY | −0.19 | 2026-06-01 | fred · SEAT653LF |
| Unemployment rate (level and direction) | 5.0% | −0.14 | 2026-06-01 | fred · SEAT653URN |
Published is the figure the source released; scored is that figure mapped onto the −1 to +1 scale by market-thresholds.json. Dates differ because the sources publish on different schedules — employment monthly, home prices quarterly, census structure annually.
Multifamily specific
+0.42Expanding40% of the scoreNothing that reported is negative. renter-occupied share (39.6%) and median gross rent growth (+4.4% YoY) are the strongest inputs. All 2 indicators reported.
Show the 2 indicators behind this
| Indicator | Published | Scored | As of | Source |
|---|---|---|---|---|
| Median gross rent growth (YoY) | +4.4% YoY | +0.29 | 2023-12-31 | census · B25064_001E |
| Renter-occupied share | 39.6% | +0.55 | 2023-12-31 | census · B25003 |
Published is the figure the source released; scored is that figure mapped onto the −1 to +1 scale by market-thresholds.json. Dates differ because the sources publish on different schedules — employment monthly, home prices quarterly, census structure annually.
Your read
—25% of the scoreNothing is written for this market yet, so the score above is the public data and nothing else. A read of your own is for the SPECIFIC, CHECKABLE events that move a market before they reach a government series — a fabricator breaking ground, a port expansion, a rail spur, an entitlement that just cleared, a single tenant taking a million feet.
Worth 25% here, and reserved for it: a read of your own changes your firm’s view of this market and nothing else — the public score stays exactly as it is. Writing one is not open yet.
Take this away
Every indicator behind this market, with its published figure, its scored value, its as-of date and the series it came from — as a spreadsheet.
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An automated indicator built from public government data and, where written, a firm’s own read. Not an appraisal, not investment advice, and not a substitute for underwriting a specific property. Every input, weight and source is shown above so the number can be checked.