HomeWashingtonSkagit County
Skagit County, Washington: commercial real estate data.
Skagit County, Washington has a population of 131,328 across 1,731 square miles, up 2.5 percent since the 2020 census base. County output reached $9.57 bn in 2024, 3,670 establishments operate here, and the SBA record carries 182 7(a) approvals worth $115.9 m.
123 sourced county values · tier FULL · 11 sections
Skagit County
How many people live in Skagit County
- Population131,328
- Households52,329
- Average household size2.51
- Median household income$89,263
- Median age42.1
- Median gross rent$1,536 per month
- Median owner-occupied home value$545,100
- Home value to household income6.1 times
- Annual rent as a share of median income20.6 percent
- Adults 25 and over with a bachelor degree or higher30.2 percent
- Adults 25 and over with a graduate degree11.8 percent
- Adults 25 and over94,631
- Population under 1827,432
- Share under 1820.9 percent
- Population 65 and over29,691
- Share 65 and over22.6 percent
- Working age population, 18 to 6474,205
- Civilian labor force61,743
- Unemployment rate4.9 percent
- Labor force participation, adults 18 and over59.4 percent
- Rank by population among Washington counties11th of 39
- Rank by population among US county-equivalents498th
Skagit County is the 11th largest of 39 Washington counties by population. A median home costs 6.1 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents 65 and over outnumber those under 18, at 22.6 percent against 20.9 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Skagit County
Is Skagit County growing
- Population change since the 2020 census base2.48 percent
- Census 2020 base population129,518
- Births, 20241,386
- Deaths, 20241,473
- Natural change, 2024-87
- Net domestic migration, 2024372
- Net international migration, 2024695
- Total net migration, 20241,067
- Cumulative net domestic migration, 2021 to 20241,580
- Rank by growth among US county-equivalents1012th
The county has grown 2.48 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Skagit County
Where people moving to Skagit County come from
- Tax returns filed by households arriving3,963
- People arriving, from those returns6,760
- Adjusted gross income arriving$438.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$110,598
- Largest single originSkagit County Non-migrants (50,674 households)
- Largest single destination (50,674 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Skagit County Non-migrants | 50,674 | 100,862 | $5.31 bn |
| Other flows - Different State | 1,054 | 1,841 | $179.3 m |
| Snohomish County | 860 | 1,561 | $70.9 m |
| Whatcom County | 564 | 883 | $31.9 m |
| Other flows - West | 564 | 984 | $136.7 m |
| King County | 492 | 800 | $64.8 m |
| Other flows - South | 304 | 550 | $22.0 m |
| Island County | 268 | 438 | $18.5 m |
The largest single source of arrivals is Skagit County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Skagit County
What the Skagit County economy runs on
- County GDP, 2024$9.57 bn
- County GDP, 2023$8.76 bn
- GDP change, 2023 to 20249.2 percent
- GDP change over five years38.5 percent
- Rank by GDP among Washington counties11th
- Rank by GDP among US county-equivalents458th
- GDP per resident$72,903
Output grew 9.2 percent in the latest year and 38.5 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Skagit County
Who employs people in Skagit County
- Covered employment, annual average53,884
- Establishments reporting3,856
- Average annual pay$65,374
- Average weekly wage$1,257
- Sector 44-45, employment6,698
- Sector 44-45, average annual pay$43,968
- Sector 31-33, employment6,308
- Sector 31-33, average annual pay$77,769
- Sector 62, employment5,417
- Sector 62, average annual pay$55,005
- Sector 72, employment4,384
- Sector 72, average annual pay$31,555
- Sector 23, employment4,346
- Sector 11, employment2,366
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 6,698 | 439 | $43,968 |
| Sector 31-33 | 6,308 | 182 | $77,769 |
| Sector 62 | 5,417 | 352 | $55,005 |
| Sector 72 | 4,384 | 367 | $31,555 |
| Sector 23 | 4,346 | 562 | $88,173 |
| Sector 11 | 2,366 | 156 | $43,312 |
| Sector 54 | 2,090 | 364 | $88,379 |
| Sector 81 | 1,758 | 321 | $46,516 |
The largest sector is the biggest private employer group at 6,698 jobs, 12.4 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Skagit County
What businesses operate in Skagit County
- Establishments, all industries3,670
- Employment at those establishments44,636
- Annual payroll$2.71 bn
- Establishments per 1,000 residents27.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Skagit County
What is being built in Skagit County
- Housing units authorised by permit, 2024547
- Declared construction value permitted$116.8 m
- Single family units authorised265
- Multifamily units authorised282
- Multifamily share of units51.6 percent
- Average declared value per unit$213,558
- Units authorised per 1,000 households10.5
Multifamily is 51.6 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Skagit County
How much SBA lending happens in Skagit County
- 7(a) approvals recorded182
- 7(a) gross approval dollars$115.9 m
- Average 7(a) approval$637,043
- Median 7(a) approval$200,000
- 10th percentile approval$20,000
- 90th percentile approval$1,713,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,422
- Jobs per approval7.8
- Distinct 7(a) lenders active43
- Distinct industries receiving approvals90
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer26.4 percent
- Loans on real estate terms48
- Loans on working capital terms, 120 months or shorter125
- Franchise loans16
- Franchise share of approvals8.8 percent
- Leading industry by approval countLimited-Service Restaurants (11)
- Most active lenderU.S. Bank, National Association (29)
- 504 approvals recorded103
- 504 gross approval dollars$78.8 m
- Average 504 approval$765,476
- Median 504 approval$462,000
- Distinct CDCs active3
- 504 jobs per approval9.1
- 504 jobs per million dollars approved11.9
- Most active CDCNorthwest Business Development Association (48)
- 7(a) share of SBA approvals63.9 percent
- Combined SBA approval dollars$194.8 m
The average approval of $637,043 sits well above the median of $200,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 26.4 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Skagit County
Do SBA loans in Skagit County get paid back
- Loans with a final outcome recorded35
- Paid in full32
- Charged off3
- Charge off rate on resolved loans8.6 percent
- Status: Paid in full32
- Status: Exempt from disclosure111
- Status: Cancelled21
- Status: Charged off3
- Status: Committed, not yet disbursed15
Of the 35 loans that have reached a final outcome, 8.6 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Skagit County
Which parts of Skagit County get the lending
- Places in the county with recorded lending13
- Mount Vernon, approvals63
- ANACORTES, approvals33
- Burlington, approvals31
- SEDRO WOOLLEY, approvals29
- BOW, approvals6
- CONCRETE, approvals6
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Mount Vernon | 63 | $49,148,900 |
| ANACORTES | 33 | $10,908,400 |
| Burlington | 31 | $23,833,100 |
| SEDRO WOOLLEY | 29 | $16,292,100 |
| BOW | 6 | $2,337,200 |
| CONCRETE | 6 | $3,354,000 |
| LA CONNER | 5 | $1,125,000 |
| CONWAY | 2 | $2,909,100 |
Mount Vernon accounts for 63 approvals against 33 in ANACORTES. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Skagit County
How big is Skagit County
- Land area1,731 sq mi
- Rank by land area among Washington counties21st of 39
- Width, east to west93.4 mi
- Height, north to south25 mi
- Geographies sharing a boundary4
- Residents per square mile of land76
- Establishments per square mile2.12
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Skagit County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Skagit County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population131,328
- Households52,329
- Average household size2.51
- Median household income$89,263
- Median age42.1
Common questions
Skagit County questions, answered from the record.
How many people live in Skagit County, Washington?
131,328, in 52,329 households, ranking 11th of 39 Washington counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Skagit County growing?
The population has grown 2.48 percent since the 2020 census base. In 2024 there were 1,386 births against 1,473 deaths, with net migration of 1,067. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Skagit County?
$89,263. The median owner-occupied home is valued at $545,100, which is 6.1 times income, and median gross rent is $1,536 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Skagit County?
3,670 establishments, employing 44,636 people with an annual payroll of $2.71 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Skagit County?
Average annual pay is $65,374, or $1,257 a week, across 53,884 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Skagit County?
182 7(a) approvals totalling $115.9 m since FY2020, across 43 lenders, with a median approval of $200,000, plus 103 504 approvals worth $78.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Skagit County get paid back?
Of the 35 loans that have reached a final outcome, 32 were paid in full and 3 charged off, a charge off rate of 8.6 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Skagit County?
547 housing units were authorised by permit in 2024, with a declared construction value of $116.8 m. Multifamily was 51.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Skagit County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Skagit County come from?
The largest single origin is Skagit County Non-migrants, with 50,674 households. Arriving households report an average income of $110,598 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Skagit County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Skagit County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.