Oak Harbor, WA 98277 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oak Harbor, WA—98277

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$514,000

1.3% YoY Growth

Household Income

$79,300

38.3% YoY Growth

Days on Market

25.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$2,300

12.7% YoY Growth

1-Bed Rent

$963

5.2% YoY Growth

2-Bed Rent

$1,800

13.7% YoY Growth

3-Bed Rent

$2,450

1.2% YoY Growth

Home Price Trends — Oak Harbor, WA

As of Dec '25, the median home price in Oak Harbor, WA is $514,000, with a year-over-year change of 1.3%. This indicates that home prices in Oak Harbor, WA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$514,000	1.3%
Single Family	$526,000	1.2%
Condos	$313,000	0.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Oak Harbor, WA

As of July '25, Rentcast reports the average rent in Oak Harbor, WA is $2,220, with a year-over-year rent change of 12.7%. Per bedroom, the median rent as of July '25 in Oak Harbor, WA is studios: $2,020, 1-bedrooms: $1,100, 2-bedrooms: $1,820, 3-bedrooms: $2,490, 4-bedrooms: $2,830. The most common rental property sizes in Oak Harbor, WA are 2-bedroom and 3-bedroom, accounting for 36.9% and 34.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,220
Studio Rent	$1,500	$2,020
1 Bed Rent	$963	$1,100
2 Bed Rent	$1,800	$1,820
3 Bed Rent	$2,450	$2,490
4 Bed Rent	$2,800	$2,830

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% of Rental Stock

Studio

5.5%

1 Bedroom

9.8%

2 Bedrooms

36.9%

3 Bedrooms

34.3%

4 Bedrooms

12.1%

5+ Bedrooms

1.4%

Property Listings — Oak Harbor, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Oak Harbor, WA is 72. This is a increase of 9.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$626,000	13.0%
Listing Count	141	22.0%
Listings as % of Homes	0.6%	22.0%
Days on Market	86	25.0%

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Demographics — Oak Harbor, WA

As of the latest ACS Survey released in 2023, Oak Harbor, WA has a population of 40,300, which has increased by 4.4% over the past 5 years. Oak Harbor, WA is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	40,300	4.4%
% Under 18	23.4%	0.0%
% Seniors	15.9%	1.9%
% WFH	7.8%	129.4%
% w/ College Degree	27.1%	5.9%

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As of the latest ACS Survey released in 2023, Oak Harbor, WA is a predominantly white area, with 66.3% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Oak Harbor, WA is hispanic, making up 12.3% of the population. Foreign-born residents account for 9.3% of the population in Oak Harbor, WA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	66.3%	-1.5%
% Black	3.8%	-30.9%
% Hispanic	12.3%	10.8%
% Asian	7.8%	-2.5%
% Foreign Born	9.3%	0.0%

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Mortgage and Risk — Oak Harbor, WA

According to HUD data as of 2023, there were 696 mortgage originations in Oak Harbor, WA, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Oak Harbor, WA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	696
% Conventional Loans	54.0%
% Government Loans	46.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Oak Harbor, WA

Oak Harbor, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	304
Total Units Section 8	252
% Rentals under Section 8	N/A
% Occupied Section 8	74.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$267	$963	$1,230
2 Bedroom	-$300	$1,800	$1,500
3 Bedroom	-$350	$2,450	$2,100
4 Bedroom	-$350	$2,800	$2,450

Oak Harbor, WA—98277

Key Metrics at a Glance

Home Price Trends — Oak Harbor, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Harbor, WA

% of Rental Stock

Property Listings — Oak Harbor, WA

Demographics — Oak Harbor, WA

Race and Ethnicity

Mortgage and Risk — Oak Harbor, WA

Mortgages

Rentals and Section 8 — Oak Harbor, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Harbor, WA

Home Price to Income Ratio

Oak Harbor, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Ault Field

Coupeville, WA

Anacortes, WA

La Conner, WA

Driftwood Shores, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.1
Median Home Price	$514,000
Median Household Income	$79,300

Oak Harbor, WA—98277

Key Metrics at a Glance

Home Price Trends — Oak Harbor, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Harbor, WA

% of Rental Stock

Property Listings — Oak Harbor, WA

Demographics — Oak Harbor, WA

Race and Ethnicity

Mortgage and Risk — Oak Harbor, WA

Mortgages

Rentals and Section 8 — Oak Harbor, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Harbor, WA

Home Price to Income Ratio

Oak Harbor, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Ault Field

Coupeville, WA

Anacortes, WA

La Conner, WA

Driftwood Shores, WA

Frequently Asked Questions

What is the average home price in Oak Harbor, WA 98277?

How have home prices in Oak Harbor, WA 98277 changed over the past year?

What is the home price projection for Oak Harbor, WA 98277?

What are the demographics of Oak Harbor, WA 98277?

How long does it take homes to sell in Oak Harbor, WA 98277?

What is the average rent price in Oak Harbor, WA 98277?