Skagit County, Washington Housing Market
In Skagit County, Washington, the median home value is $545,100, with a median monthly rent of $1,536. This places Skagit County at #104 nationally out of 3134 counties by median home value, and #7 within Washington.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,238
- Establishments: 3,736
- BLS QCEW, 2025
Housing Supply
- Single-family: 168
- Multi-family: 205
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 55,691 (avg $106,327)
- Outflow: 52,857 (avg $103,393)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Skagit County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 98257 | 289.7 | -4.56% | 2025 |
| 2 | 98232 | 395.1 | +2.48% | 2025 |
| 3 | 98237 | 403.9 | +5.50% | 2025 |
| 4 | 98284 | 358.7 | +3.51% | 2025 |
| 5 | 98273 | 354.7 | +5.69% | 2025 |
| 6 | 98274 | 341.1 | +0.74% | 2025 |
| 7 | 98229 | 417.8 | -0.86% | 2025 |
| 8 | 98292 | 336.4 | +1.77% | 2025 |
| 9 | 98233 | 334.2 | -1.08% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Skagit County Compares
| Metric | Skagit County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $545,100 | $436,312 | $227,706 |
| Median Gross Rent | $1,536 | $1,251 | $968 |
| Owner Occupancy Rate | 70.1% | 71.3% | 73.3% |
| Price/Rent Ratio | 29.6 | 29.2 | 18.7 |
Market Analysis
The median home value in Skagit County is 24.9% above the Washington state average and 139.4% above the U.S. national average. The median rent of $1,536/month is 22.8% above the state average.
With a price-to-rent ratio of 29.6, Skagit County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Skagit County has an owner-occupancy rate of 70.1%, compared to 71.3% in Washington and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Collier County | Florida | $540,700 | $1,862 |
| Clarke County | Virginia | $550,100 | $1,371 |
| Washoe County | Nevada | $539,900 | $1,608 |
| Forsyth County | Georgia | $550,400 | $2,090 |
| Hudson County | New Jersey | $539,700 | $1,894 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kitsap County | $555,100 | $1,822 | 70.1% |
| Jefferson County | $535,000 | $1,522 | 79.0% |
| Skamania County | $529,500 | $1,068 | 80.0% |
| Pierce County | $526,600 | $1,806 | 64.7% |
| Clark County | $522,900 | $1,748 | 66.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).