Freeland, WA housing market
The typical Freeland home is worth about $738,000, down 0.7% in a year, 25% above the Washington typical home. Homes typically sell in 50 days, below asking.
Home values, sales, trends and how Freeland compares with the towns next door — updated as new data is published.
Freeland at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Freeland | Washington |
|---|---|---|
| 2017 | $397,000 | $326,000 |
| 2018 | $429,000 | $362,000 |
| 2019 | $474,000 | $390,000 |
| 2020 | $504,000 | $413,000 |
| 2021 | $586,000 | $471,000 |
| 2022 | $710,000 | $554,000 |
| 2023 | $717,000 | $572,000 |
| 2024 | $716,000 | $582,000 |
| 2025 | $741,000 | $605,000 |
| 2026 | $746,000 | $601,000 |
| August 2026 | $738,000 | $592,000 |
8.9 years of income
The typical Freeland home costs about 8.9 years of the town's median household income, more than across Washington (6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,620
HUD's Fair Market Rent for a two-bedroom in Freeland is $1,620 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Freeland pay a median of $1,237, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $1,140 · 4 bedrooms $2,650
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (98249; Island County, WA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.