Friday Harbor, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Friday Harbor Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Friday Harbor Housing Market Information

With a population of 2,340, 1,033 total housing units (homes and apartments), and a median house value of $430,071, 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 48.62% of the town's housing units. Other types of housing that are prevalent in Friday Harbor include large apartment complexes or high rise apartments ( 22.33%), duplexes, homes converted to apartments or other small apartment buildings ( 17.10%), and a few mobile homes or trailers ( 7.77%).

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 ( 22.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.46%). There's also some housing in Friday Harbor built before 1939 ( 8.74%).

Vacant housing appears to be an issue in Friday Harbor. Fully 22.85% 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 -1.42%, which is lower than 80% 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 6.68%, which is higher than appreciation rates in 79.09% 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 1.50%, which equates to an annual appreciation rate of 6.14%.

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

Average Home Values

 

Median Home Value:
$430,071

Friday Harbor, WA HOME PRICES

Value Range
> $1,162,000 8.8
$871,001 - $1,162,000 7.7
$581,001 - $871,000 10.5
$465,001 - $581,000 14.6
$349,001 - $465,000 19.0
$233,001 - $349,000 26.7
$116,001 - $233,000 8.8
$58,001 - $116,000 0.0
$0 - $58,000 3.9

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
8.09797257705379 14.5390070921986

Number Of Homes And Apartments:
1,033

Friday Harbor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
62.59% 2.86% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,200 / per month

Homeownership Rate

Homeownership
Owners 44.82
Renters 55.18
Vacant 22.85

Housing Market Details

 

Age of Homes

AGE OF Friday Harbor HOMES
2000 or Newer 22.5
1970 - 1999 53.3
1940 - 1969 15.5
1939 or Older 8.7

Types of Homes

TYPE OF Friday Harbor HOMES
Single-Family 48.6
Townhomes 3.0
Small Apt. Buildings 17.1
Apt. Complexes 22.3
Mobile Homes 7.8
Other 1.2

Home Size

SIZE OF Friday Harbor HOMES
No Bedroom 8.51
1 Bedroom 18.52
2 Bedrooms 33.38
3 Bedrooms 28.38
4 Bedrooms 9.86
5 or more bedrooms 1.34

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Zip Codes in Friday Harbor, WA