Bainbridge Island, WA—98110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bainbridge Island, WA
As of Oct '25, the median home price in Bainbridge Island, WA is $1,155,000, with a year-over-year change of -0.6%. This indicates that home prices in Bainbridge Island, WA are flat. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,155,000 | -0.6% |
| Single Family | $1,248,000 | -0.2% |
| Condos | $671,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $563,000 | -1.9% |
2 Bed | $822,000 | -1.8% |
3 Bed | $1,184,000 | -0.3% |
4 Bed | $1,557,000 | 0.3% |
| 5 Bed | $1,814,000 | -0.8% |
% of Housing Stock
Rental Trends — Bainbridge Island, WA
As of July '25, Rentcast reports the average rent in Bainbridge Island, WA is $3,680, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Bainbridge Island, WA is studios: $1,940, 1-bedrooms: $2,010, 2-bedrooms: $3,310, 3-bedrooms: $4,620, 4-bedrooms: $5,660. The most common rental property sizes in Bainbridge Island, WA are 2-bedroom and 3-bedroom, accounting for 47.5% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,680 |
| Studio Rent | $1,940 | $1,940 |
| 1 Bed Rent | $2,100 | $2,010 |
| 2 Bed Rent | $3,000 | $3,310 |
| 3 Bed Rent | $4,200 | $4,620 |
| 4 Bed Rent | $5,700 | $5,660 |
% of Rental Stock
Property Listings — Bainbridge Island, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bainbridge Island, WA is 59. This is a increase of 21.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,300,000 | -5.0% |
Listing Count | 97 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 59 | 21.0% |
Demographics — Bainbridge Island, WA
As of the latest ACS Survey released in 2023, Bainbridge Island, WA has a population of 24,600, which has increased by 2.3% over the past 5 years. Bainbridge Island, WA is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 75.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | 2.3% |
% Under 18 | 20.5% | -14.2% |
% Seniors | 26.3% | 11.4% |
% WFH | 33.7% | 106.7% |
% w/ College Degree | 75.0% | 6.4% |
As of the latest ACS Survey released in 2023, Bainbridge Island, WA is a predominantly white area, with 83.3% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Bainbridge Island, WA is hispanic, making up 4.3% of the population. Foreign-born residents account for 7.9% of the population in Bainbridge Island, WA, and this percentage has increased by 16.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.3% | -3.8% |
% Black | 0.2% | -81.8% |
% Hispanic | 4.3% | 4.9% |
% Asian | 4.1% | 20.6% |
% Foreign Born | 7.9% | 16.2% |
Mortgage and Risk — Bainbridge Island, WA
According to HUD data as of 2023, there were 448 mortgage originations in Bainbridge Island, WA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Bainbridge Island, WA. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 448 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Bainbridge Island, WA
As of 2024, the percent of homes in Bainbridge Island, WA under the Section 8 program is 4.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bainbridge Island, WA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 100 |
Total Units Section 8 | 100 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 80.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $2,100 | $2,050 |
| 2 Bedroom | -$460 | $3,000 | $2,540 |
| 3 Bedroom | -$880 | $4,200 | $3,320 |
| 4 Bedroom | -$1,890 | $5,700 | $3,810 |
Affordability — Bainbridge Island, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $1,155,000 |
| Median Household Income | $160,000 |