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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bainbridge Island, WA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bainbridge Island, WA Housing Market Trends

With a population of 24,494, 9,850 total housing units (homes and apartments), and a median house value of $1,199,082, Bainbridge Island house prices are not only among the most expensive in Washington, Bainbridge Island real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Bainbridge Island, accounting for 78.70% of the city's housing units. Other types of housing that are prevalent in Bainbridge Island include large apartment complexes or high rise apartments ( 10.99%), row houses and other attached homes ( 5.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bainbridge Island. Owner-occupied housing accounts for 80.60% of Bainbridge Island's homes, and 61.08% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bainbridge Island built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bainbridge Island built between 2000 and later ( 27.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.84%). There's also some housing in Bainbridge Island built before 1939 ( 7.09%).

Bainbridge Island Home Appreciation Rates

Appreciation rates for homes in Bainbridge Island have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.22%, which ranks in the top 30% nationwide. This equates to an annual average Bainbridge Island house appreciation rate of 7.40%.

Over the last year, Bainbridge Island appreciation rates have trailed the rest of the nation. In the last twelve months, Bainbridge Island's appreciation rate has been -1.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bainbridge Island were at -2.02%, which equates to an annual appreciation rate of -7.85%.

Notably, Bainbridge Island's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Bainbridge Island's latest annual appreciation rate is lower than 90% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bainbridge Island differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bainbridge Island - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bainbridge Island real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,199,082

Bainbridge Island, WA Home Prices
> $1,164,000
$873,001 - $1,164,000
$582,001 - $873,000
$466,001 - $582,000
$349,001 - $466,000
$233,001 - $349,000
$116,001 - $233,000
$58,001 - $116,000
$0 - $58,000
47.8%
47.8%
21.6%
21.6%
19.1%
19.1%
5.8%
5.8%
2.5%
2.5%
2.1%
2.1%
0.4%
0.4%
0.4%
0.4%
0.4%
0.4%
0% 100.0%
% of Homes
Very High

for Washington

Very High

for nation

Number of Homes And Apartments:

9,850

Bainbridge Island Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,154 / per month

Homeownership Rate

Owners
Renters
80.6%
80.6%
19.4%
19.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.4%
7.4%
92.6%
92.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.1%
27.1%
52.0%
52.0%
13.8%
13.8%
7.1%
7.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.7%
78.7%
5.0%
5.0%
3.5%
3.5%
11.0%
11.0%
1.8%
1.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.4%
2.4%
7.4%
7.4%
24.1%
24.1%
39.4%
39.4%
21.7%
21.7%
5.0%
5.0%
0% 100.0%
% of Homes

Zip Codes in Bainbridge Island, WA