HomeWashingtonSkagit County
Skagit County, Washington: commercial real estate data.
Skagit County, Washington had an estimated 132,736 residents on July 1, 2024, up 2.5 percent since the 2020 census base of 129,518, across 1,731 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Skagit County
How many people live in Skagit County
- Population, American Community Survey 2020-2024131,328
- 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-equivalents, Puerto Rico included498th of 3,222
Skagit County is the 11th largest of 39 Washington counties by population. A median home costs 6.1 times median household income, which is severely unaffordable by national standards. 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 story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Skagit County
Is Skagit County's population growing?
- Population, July 1, 2024132,736
- Census 2020 base population129,518
- Population change since the 2020 census base2.48 percent
- Population change, 2023 to 2024982
- 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 of 3,144
The county has grown 2.48 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration 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 are people moving to Skagit County from?
- Tax returns filed by households arriving3,963
- People arriving, from those returns6,760
- Tax returns filed by households leaving3,670
- Net household movement293
- Adjusted gross income arriving$438.3 m
- Net adjusted gross income movement$170.8 m
- Average income of an arriving household$110,598
- Average income of a leaving household$72,876
- Largest single originSnohomish County (860 households)
- Largest single destinationSnohomish County (640 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Snohomish County | 860 | 1,561 | $70.9 m |
| Whatcom County | 564 | 883 | $31.9 m |
| King County | 492 | 800 | $64.8 m |
| Island County | 268 | 438 | $18.5 m |
| Pierce County | 69 | 118 | $6.0 m |
| Maricopa County | 51 | 84 | $5.2 m |
| San Juan County | 50 | 79 | $5.4 m |
| Los Angeles County | 47 | 84 | $3.8 m |
Households arriving report $37,722 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Snohomish County, 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 is the Skagit County economy?
- 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 the Washington areas BEA publishes11th of 39
- Rank by GDP among the US county areas BEA publishes458th of 3,127
- 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
Employment by industry in Skagit County
- Covered employment, annual average53,884
- Establishments reporting3,856
- Average annual pay$65,374
- Average weekly wage$1,257
- Retail trade, employment6,698
- Retail trade, average annual pay$43,968
- Manufacturing, employment6,308
- Manufacturing, average annual pay$77,769
- Health care and social assistance, employment5,417
- Health care and social assistance, average annual pay$55,005
- Accommodation and food services, employment4,384
- Accommodation and food services, average annual pay$31,555
- Construction, employment4,346
- Agriculture, forestry, fishing and hunting, employment2,366
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 6,698 | 439 | $43,968 |
| Manufacturing | 6,308 | 182 | $77,769 |
| Health care and social assistance | 5,417 | 352 | $55,005 |
| Accommodation and food services | 4,384 | 367 | $31,555 |
| Construction | 4,346 | 562 | $88,173 |
| Agriculture, forestry, fishing and hunting | 2,366 | 156 | $43,312 |
| Professional, scientific and technical services | 2,090 | 364 | $88,379 |
| Other services, except public administration | 1,758 | 321 | $46,516 |
Retail trade is the largest private sector at 6,698 jobs, 12.4 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Skagit County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Skagit County
Building permits in Skagit County
- Housing units authorized by permit, 2024547
- Declared construction value permitted$116.8 m
- Single family units authorized265
- Multifamily units authorized282
- Multifamily share of units51.6 percent
- Average declared value per unit$213,558
- Units authorized per 1,000 households10.5
Multifamily is 51.6 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Skagit County
SBA loans in Skagit County (7(a) and 504)
- 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$20,100
- 90th percentile approval$1,702,900
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$194.8 m
The average approval of $637,043 sits well above the median of $200,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in 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.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Skagit County
SBA lending by place in Skagit County
- Borrower cities with recorded lending12
- Mount Vernon, approvals64
- Anacortes, approvals33
- Burlington, approvals31
- Sedro-Woolley, approvals29
- Concrete, approvals6
- Bow, approvals6
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Mount Vernon | 64 | $50,416,900 |
| Anacortes | 33 | $10,908,400 |
| Burlington | 31 | $23,833,100 |
| Sedro-Woolley | 29 | $16,292,100 |
| Concrete | 6 | $3,354,000 |
| Bow | 6 | $2,337,200 |
| La Conner | 5 | $1,125,000 |
| Conway | 2 | $2,909,100 |
| 4 other borrower cities | 6 | $4,766,000 |
Mount Vernon accounts for 64 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 large 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.
Skagit County
Flood risk in Skagit County
- Participation of the county's own NFIP community Skagit County, unincorporated areasParticipating, community 530151
- Community Rating System class of the county's own communityClass 5
- Communities in the county in the NFIP Community Status Book10
- Of those, participating in the NFIP10
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 5
- Communities carrying a CRS class4
- Radon levels in Skagit County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Skagit County (community 530151), participates in the National Flood Insurance Program and carries Community Rating System class 5, a flood insurance premium discount for policies written there. The EPA places Skagit County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 5, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-2024131,328
- 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?
The Census Bureau estimates 132,736 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 2.48 percent since the 2020 census base of 129,518, to 132,736 on July 1, 2024. 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 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 employment by industry in Skagit County?
Retail trade is the largest private sector at 6,698 jobs, 12.4 percent of covered employment. Covered employment averages 53,884 jobs at an average annual pay of $65,374, or $1,257 a week. 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 totaling $115.9 m since FY2020, across 43 lenders, with a median approval of $200,000, plus 103 504 approvals worth $78.8 m since FY2010. 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.
How many building permits were issued in Skagit County?
547 housing units were authorized 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 Snohomish County, with 860 households. Arriving households report an average income of $110,598 against $72,876 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Skagit County
Cities and places in Skagit.
19 Census places lie wholly or partly in Skagit County. All 19 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Mount Vernon | city | 35,377 | 64 | Wholly in this county |
| Anacortes | city | 17,966 | 33 | Wholly in this county |
| Sedro-Woolley | city | 12,831 | 29 | Wholly in this county |
| Burlington | city | 10,003 | 31 | Wholly in this county |
| Big Lake | CDP | 2,326 | None recorded | Wholly in this county |
| Clear Lake | CDP | 1,093 | 1 | Wholly in this county |
| La Conner | town | 873 | 5 | Wholly in this county |
| Concrete | town | 833 | 6 | Wholly in this county |
| Alger | CDP | 687 | None recorded | Wholly in this county |
| Bow | CDP | 585 | 6 | Wholly in this county |
| Bay View | CDP | 572 | None recorded | Wholly in this county |
| Lake McMurray | CDP | 569 | None recorded | Wholly in this county |
| Lyman | town | 437 | None recorded | Wholly in this county |
| Lake Cavanaugh | CDP | 304 | None recorded | Wholly in this county |
| Marblemount | CDP | 291 | 2 | Wholly in this county |
| Hamilton | town | 252 | None recorded | Wholly in this county |
| Edison | CDP | 249 | None recorded | Wholly in this county |
| Rockport | CDP | 95 | None recorded | Wholly in this county |
| Conway | CDP | 46 | 2 | Wholly in this county |
A further 3 of the county's 182 SBA 7(a) approvals are to borrowers in cities that match no Census place in Skagit County, the largest being Stanwood (2), Camano Island (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby