Last updated: March 2026
Everett’s economy and its housing market are inseparable. Boeing’s workforce decisions move home prices. The waterfront development reshapes entire neighborhoods. Remote work patterns push Seattle workers north. This page connects those dots.
For the latest local economic data, visit the City of Everett website.
Boeing: The Elephant in Every Room
Boeing remains Everett’s largest employer with approximately 35,000 workers at local facilities.
- January–February 2025: 1,422 workers laid off from Everett facilities
- February 2026: 787 Dreamliner work moving to South Carolina, impacting ~300 Everett workers
- Ongoing: Company consolidating operations between facilities
The current situation is not a mass exodus. The 787 move impacts ~300 workers (<1% of Boeing's Everett workforce). The 2025 layoffs (1,422) represent ~4% of the local Boeing workforce. For housing, this translates to modest softening, not a market crash.
Most affected neighborhoods: Silver Lake, Glacier View, and southern neighborhoods near Boeing facilities.
Least affected: Northwest Everett and Downtown (driven by waterfront development), Boulevard Bluffs (attracts diverse professionals).
Naval Station Everett
Everett’s second major employer. Military presence is relatively stable and creates reliable demand for both purchases (VA loans) and rentals.
Employment Beyond Boeing
Unemployment rate (Snohomish County): 3.2%
- Providence Regional Medical Center (healthcare)
- Snohomish County government
- Everett School District
- Naval Station Everett
- Funko (headquarters)
- Growing tech and remote work presence
See how economic factors are affecting current home values across Everett neighborhoods.
Population Growth and Housing Demand
| Current Population | 114,070 |
| Annual Growth Rate | +0.47% |
| Projected 2030 Population | ~116,500–118,000 |
| Housing Units | 47,499 |
| Homeownership Rate | 50% |
Economic outlook affects the rent vs. buy calculation — job stability and income growth matter for long-term ownership decisions.
The Remote Work Effect
Remote and hybrid work has permanently expanded the pool of people who can live in Everett while working elsewhere. With 2–3 days per week in office, a 35–60 minute commute twice a week is tolerable — and the $250,000 savings on home price vs. Seattle makes it very attractive.
Development varies by area — explore neighborhoods to see which ones benefit most from economic growth. Downtown and Northwest Everett are seeing the most investment.
Development Pipeline
Waterfront Redevelopment (Downtown)
The largest development project in Everett’s history continues to reshape downtown. This is the primary driver behind Downtown’s 11.4% YoY price appreciation.
Commercial and Residential Projects
Multiple apartment complexes and mixed-use buildings are in various stages across the city. New housing supply will eventually help ease the extreme inventory shortage (0.35 months).
Economic trends directly impact your sell vs. hold decision — understanding where the economy is headed helps you time your move.
Where Experts Think the Everett Economy Is Headed
Short-term (2026): Continued adjustment to Boeing changes, no economic crisis. Housing prices likely stabilize or see modest seasonal gains.
Medium-term (2027–2028): Depends heavily on Boeing’s broader strategy. Waterfront development reaches a more mature phase.
Long-term (2029+): Sound Transit Link Light Rail extension to Everett would be transformative — direct rail to Seattle fundamentally changes Everett’s position in the Puget Sound region. This is the single biggest potential catalyst for Everett real estate over the next decade.
Want to Know How the Economy Affects YOUR Home?
Talk to a local expert who can help you understand how Boeing changes, development, and economic trends specifically impact your neighborhood and your property.