Friday Harbor WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Friday Harbor, WA Real Estate Data

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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Friday Harbor Housing Market Information

With 2,474 people, 1,064 houses or apartments, and a median cost of homes of $469,521, Friday Harbor house prices are not only among the most expensive in Washington, Friday Harbor 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 Friday Harbor, accounting for 49.85% of the town's housing units. Other types of housing that are prevalent in Friday Harbor include large apartment complexes or high rise apartments ( 25.15%), duplexes, homes converted to apartments or other small apartment buildings ( 13.37%), and a few mobile homes or trailers ( 7.60%).

People in Friday Harbor primarily live in small (one, two or no bedroom) single-family detached homes. Friday Harbor has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Friday Harbor 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 Friday Harbor built between 2000 and later ( 25.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.22%). There's also some housing in Friday Harbor built before 1939 ( 6.23%).

Vacant housing appears to be an issue in Friday Harbor. Fully 19.15% of the housing stock is classified as vacant. Left unchecked, vacant Friday Harbor homes and apartments can be a drag on the real estate market, holding Friday Harbor real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Friday Harbor Home Appreciation Rates

Friday Harbor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Friday Harbor during the period has been just 0.98%, which is lower than 70% of US communities.

Appreciation rates are so strong in Friday Harbor that despite a nationwide downturn in the housing market, Friday Harbor real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Friday Harbor appreciation rates continue to be some of the highest in America, at 8.19%, which is higher than appreciation rates in 95.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Friday Harbor. Friday Harbor appreciation rates in the latest quarter were at 3.10%, which equates to an annual appreciation rate of 12.99%.

Importantly, this makes Friday Harbor one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Washington, our data show that Friday Harbor's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$469,521

Friday Harbor, WA HOME PRICES

Value Range
> $1,322,000 5.8
$991,001 - $1,322,000 11.3
$661,001 - $991,000 10.1
$528,001 - $661,000 12.9
$396,001 - $528,000 18.4
$265,001 - $396,000 25.9
$132,001 - $265,000 12.6
$66,001 - $132,000 0.0
$0 - $66,000 3.0

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
8.42627737226277 18.7279151943463

Number Of Homes And Apartments:
1,064

Friday Harbor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
94.32% 3.42%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,423 / per month

Homeownership Rate

Homeownership
Owners 48.78
Renters 51.22
Vacant 19.15

Housing Market Details

 

Age of Homes

AGE OF Friday Harbor HOMES
2000 or Newer 25.5
1970 - 1999 55.0
1940 - 1969 13.2
1939 or Older 6.2

Types of Homes

TYPE OF Friday Harbor HOMES
Single-Family 49.8
Townhomes 2.7
Small Apt. Buildings 13.4
Apt. Complexes 25.2
Mobile Homes 7.6
Other 1.3

Home Size

SIZE OF Friday Harbor HOMES
No Bedroom 5.93
1 Bedroom 20.52
2 Bedrooms 32.83
3 Bedrooms 28.95
4 Bedrooms 11.17
5 or more bedrooms 0.61

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Zip Codes in Friday Harbor, WA