Freeland, WA 98249 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Freeland, WA—98249

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$755,000

0.4% YoY Growth

Household Income

$99,600

49.8% YoY Growth

Days on Market

37.0% Shorter YoY

Home Price Forecast

-1.7%

Median Rent

$2,600

11.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,050

11.7% YoY Growth

3-Bed Rent

$2,700

10.5% YoY Growth

Home Price Trends — Freeland, WA

As of May '26, the median home price in Freeland, WA is $755,000, with a year-over-year change of 0.4%. This indicates that home prices in Freeland, WA are flat. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$755,000	0.4%
Single Family	$765,000	0.0%
Condos	$515,000	4.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Freeland, WA

As of July '25, Rentcast reports the average rent in Freeland, WA is $2,910, with a year-over-year rent change of 11.5%. Per bedroom, the median rent as of July '25 in Freeland, WA is 2-bedrooms: $2,580, 3-bedrooms: $3,260, 4-bedrooms: $3,200. The most common rental property sizes in Freeland, WA are 2-bedroom and 3-bedroom, accounting for 48.8% and 27.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$2,910
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$2,050	$2,580
3 Bed Rent	$2,700	$3,260
4 Bed Rent	$3,200	$3,200

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% of Rental Stock

Studio

4.7%

1 Bedroom

15.4%

2 Bedrooms

48.8%

3 Bedrooms

27.9%

4 Bedrooms

3.2%

Property Listings — Freeland, WA

As of May '26, Realtor.com reports that the median days on market for a home in Freeland, WA is 32. This is a decrease of -37.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$850,000	2.0%
Listing Count	37	-18.0%
Listings as % of Homes	0.5%	-18.0%
Days on Market	32	-37.0%

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Demographics — Freeland, WA

As of the latest ACS Survey released in 2023, Freeland, WA has a population of 4,530, which has increased by 12.2% over the past 5 years. Freeland, WA is a less popular place for families, as children make up 12.3% of the population. The area has a highly educated workforce, with 45.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,530	12.2%
% Under 18	12.3%	8.8%
% Seniors	37.8%	-2.1%
% WFH	20.2%	64.2%
% w/ College Degree	45.9%	10.3%

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As of the latest ACS Survey released in 2023, Freeland, WA is a predominantly white area, with 87.9% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Freeland, WA is hispanic, making up 4.7% of the population. Foreign-born residents account for 4.9% of the population in Freeland, WA, and this percentage has increased by 4.3% 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	87.9%	1.2%
% Black	1.1%	-15.4%
% Hispanic	4.7%	147.4%
% Asian	0.1%	-94.7%
% Foreign Born	4.9%	4.3%

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Mortgage and Risk — Freeland, WA

According to HUD data as of 2023, there were 137 mortgage originations in Freeland, WA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Freeland, WA. Investor activity is low, as 1.0% 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	137
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	1.0%
% Second Loans	11.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Freeland, WA

Freeland, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	26
Total Units Section 8	26
% Rentals under Section 8	N/A
% Occupied Section 8	75.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,310
2 Bedroom	-$460	$2,050	$1,590
3 Bedroom	-$470	$2,700	$2,230
4 Bedroom	-$600	$3,200	$2,600

Freeland, WA—98249

Key Metrics at a Glance

Home Price Trends — Freeland, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeland, WA

% of Rental Stock

Property Listings — Freeland, WA

Demographics — Freeland, WA

Race and Ethnicity

Mortgage and Risk — Freeland, WA

Mortgages

Rentals and Section 8 — Freeland, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeland, WA

Home Price to Income Ratio

Freeland, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Greenbank, WA

Langley, WA

Hansville, WA

Clinton, WA

Driftwood Shores, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.3
Median Home Price	$755,000
Median Household Income	$99,600

Freeland, WA—98249

Key Metrics at a Glance

Home Price Trends — Freeland, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeland, WA

% of Rental Stock

Property Listings — Freeland, WA

Demographics — Freeland, WA

Race and Ethnicity

Mortgage and Risk — Freeland, WA

Mortgages

Rentals and Section 8 — Freeland, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeland, WA

Home Price to Income Ratio

Freeland, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Greenbank, WA

Langley, WA

Hansville, WA

Clinton, WA

Driftwood Shores, WA

Frequently Asked Questions

What is the average home price in Freeland, WA 98249?

How have home prices in Freeland, WA 98249 changed over the past year?

What is the home price projection for Freeland, WA 98249?

What are the demographics of Freeland, WA 98249?

How long does it take homes to sell in Freeland, WA 98249?

What is the average rent price in Freeland, WA 98249?