Freeland, WA—98249
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Freeland, WA
As of Oct '25, the median home price in Freeland, WA is $741,000, with a year-over-year change of 1.7%. This indicates that home prices in Freeland, WA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $741,000 | 1.7% |
| Single Family | $750,000 | 0.9% |
| Condos | $497,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $602,000 | 1.5% |
2 Bed | $715,000 | 1.4% |
3 Bed | $780,000 | 0.9% |
4 Bed | $1,053,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Freeland, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Freeland, WA is 94. This is a increase of 56.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,040,000 | 8.0% |
Listing Count | 48 | 70.0% |
| Listings as % of Homes | 0.5% | 70.0% |
Days on Market | 94 | 56.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Freeland, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $741,000 |
| Median Household Income | $99,600 |