Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$634,229+0.5% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$137,488About 1.5× the local median income ($88,776): hard to afford
Days on market74 daysSlower than a year ago: buyers have time to negotiate
The typical home in Island County, WA is worth $634,229, up 0.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $566,763, so the area is 11.9% overvalued. It is a buyer's market: homes take about 74 days to sell, listings are up 14% from a year ago, 22% of listings have had a price cut. A household needs about $137,488 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $88,776. Typical rent is $2,100 a month. In the latest IRS figures, 90 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$634,229
Change in 1 year
+0.5%
Overvalued %
+11.9%
Show 6 more
Fair home value
$566,763
Change in 5 years
+7.7%
Home value to income
7.1×
Monthly mortgage payment (20% down)
$3,437
Income needed to afford it
$137,488
Property tax rate
0.67%
Rent and investing
Typical rent
$2,100
Price-to-rent ratio
25.2×
HUD Fair Market Rent, 2 bedrooms
$1,824
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Gross rental yield
3.97%
Cap rate (estimate)
2.58%
Market activity
Listings vs a year ago
+14.2%
Days on market
74
Listings with a price cut
22.2%
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Homes for sale
441
Pending sales per 100 listings
24
Asking price per sq ft
$371
People and jobs
Median household income
$88,776
Population change (1 year)
−0.4%
Unemployment rate
4.3%
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Population
85,657
Income adjusted for cost of living
$91,146
Net moves in (IRS)
+90
Cost of living (US = 100)
97.4
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
78.0
Flood risk score
73.4
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Wildfire risk score
35.4
Walkability (1 to 20)
8.7
Road, rail and air noise
54 dB
Questions people ask
Is Island County, WA overvalued?
Home prices in Island County, WA are well above what local incomes have historically supported: fair value is about $566,763, so the area is 11.9% overvalued.
Is Island County, WA a buyer's or seller's market?
Island County, WA is a buyer's market: homes take about 74 days to sell, listings are up 14% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Island County, WA?
Home values in Island County, WA are up 0.5% over the last year.
How much do you need to earn to buy a home in Island County, WA?
A household needs about $137,488 a year to afford the typical home in Island County, WA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $88,776.