Anacortes, WA 98221 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Anacortes, WA—98221

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$729,000

0.6% YoY Growth

Household Income

$92,900

34.0% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

-0.6%

Median Rent

$2,800

0.4% YoY Growth

1-Bed Rent

$1,850

50.4% YoY Growth

2-Bed Rent

$2,300

2.0% YoY Growth

3-Bed Rent

$3,000

19.1% YoY Growth

Home Price Trends — Anacortes, WA

As of May '26, the median home price in Anacortes, WA is $729,000, with a year-over-year change of 0.6%. This indicates that home prices in Anacortes, 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	$729,000	0.6%
Single Family	$739,000	0.7%
Condos	$529,000	1.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Anacortes, WA

As of July '25, Rentcast reports the average rent in Anacortes, WA is $2,670, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Anacortes, WA is studios: $1,440, 1-bedrooms: $1,820, 2-bedrooms: $2,460, 3-bedrooms: $3,060, 4-bedrooms: $3,380. The most common rental property sizes in Anacortes, WA are 2-bedroom and 3-bedroom, accounting for 30.5% and 28.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,800	$2,670
Studio Rent	$1,380	$1,440
1 Bed Rent	$1,850	$1,820
2 Bed Rent	$2,300	$2,460
3 Bed Rent	$3,000	$3,060
4 Bed Rent	$3,400	$3,380

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% of Rental Stock

Studio

6.8%

1 Bedroom

22.8%

2 Bedrooms

30.5%

3 Bedrooms

28.7%

4 Bedrooms

9.4%

5+ Bedrooms

1.7%

Property Listings — Anacortes, WA

As of May '26, Realtor.com reports that the median days on market for a home in Anacortes, WA is 43. This is a increase of 3.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$865,000	0.0%
Listing Count	156	27.0%
Listings as % of Homes	0.5%	27.0%
Days on Market	43	3.0%

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Demographics — Anacortes, WA

As of the latest ACS Survey released in 2023, Anacortes, WA has a population of 23,200, which has increased by 8.4% over the past 5 years. Anacortes, WA is a moderately popular place for families, as children make up 16.8% of the population. The area has a highly educated workforce, with 45.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,200	8.4%
% Under 18	16.8%	-2.9%
% Seniors	31.5%	9.8%
% WFH	16.1%	71.3%
% w/ College Degree	45.6%	9.1%

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As of the latest ACS Survey released in 2023, Anacortes, WA is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Anacortes, WA is hispanic, making up 4.7% of the population. Foreign-born residents account for 5.5% of the population in Anacortes, WA, and this percentage has decreased by 17.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	87.4%	-1.6%
% Black	0.7%	40.0%
% Hispanic	4.7%	4.4%
% Asian	1.5%	-42.3%
% Foreign Born	5.5%	-17.9%

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Mortgage and Risk — Anacortes, WA

According to HUD data as of 2023, there were 400 mortgage originations in Anacortes, WA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Anacortes, WA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	400
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	3.0%
% Second Loans	4.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Anacortes, WA

As of 2024, the percent of homes in Anacortes, WA under the Section 8 program is 3.7%. 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 Anacortes, 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	219
Total Units Section 8	108
% Rentals under Section 8	3.7%
% Occupied Section 8	74.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$480	$1,850	$1,370
2 Bedroom	-$510	$2,300	$1,790
3 Bedroom	-$500	$3,000	$2,500
4 Bedroom	-$680	$3,400	$2,720

Anacortes, WA—98221

Key Metrics at a Glance

Home Price Trends — Anacortes, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Anacortes, WA

% of Rental Stock

Property Listings — Anacortes, WA

Demographics — Anacortes, WA

Race and Ethnicity

Mortgage and Risk — Anacortes, WA

Mortgages

Rentals and Section 8 — Anacortes, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Anacortes, WA

Home Price to Income Ratio

Anacortes, WA — ZIP Code Boundary Map

Nearby ZIP Codes

La Conner, WA

Ault Field

Oak Harbor, WA

Bow, WA

Beach, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.6
Median Home Price	$729,000
Median Household Income	$92,900

Anacortes, WA—98221

Key Metrics at a Glance

Home Price Trends — Anacortes, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Anacortes, WA

% of Rental Stock

Property Listings — Anacortes, WA

Demographics — Anacortes, WA

Race and Ethnicity

Mortgage and Risk — Anacortes, WA

Mortgages

Rentals and Section 8 — Anacortes, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Anacortes, WA

Home Price to Income Ratio

Anacortes, WA — ZIP Code Boundary Map

Nearby ZIP Codes

La Conner, WA

Ault Field

Oak Harbor, WA

Bow, WA

Beach, WA

Frequently Asked Questions

What is the average home price in Anacortes, WA 98221?

How have home prices in Anacortes, WA 98221 changed over the past year?

What is the home price projection for Anacortes, WA 98221?

What are the demographics of Anacortes, WA 98221?

How long does it take homes to sell in Anacortes, WA 98221?

What is the average rent price in Anacortes, WA 98221?