According to a report published by the Puget Sound Business Journal, Seattle is the ninth quickest growing city in the country. The U.S. Census Bureau issued the latest tally of the estimated population as of July 2016. It revealed that Seattle is getting almost 1,100 more residents every week. This included estimations for 3,142 counties and 382 metros with Seattle having 3,798,902 people.
In Seattle proper, the Washington State Office of Financial Management calculated the population to around 686,800 in April 2016 in comparison to only 608,660 in 2010, gaining 250 more people weekly. Some people even assume that Seattle have finally surpassed the 700,000 mark this year.
Meanwhile, King County is considered the quickest growing county in the country between July 2015 to July 2016, gaining around 35,714 new residents during that year.
Because of this, the Seattle housing market lacked supply. Fortunately, the increasing demand has forced the housing supply to try and catch up. There are around 10,000 apartments that are expected to open this year and over 12,000 will be opening in 2018.
If the record-setting apartment growth does push through, the population growth will surely continue. At the moment, King County houses an average of 1.8 individuals for every apartment. They expect the surge to exceed 20,000 new residents every year as long as the housing supply meets the rapidly growing demand.