Port Townsend, WA housing market
The typical Port Townsend home is worth about $633,000, about the same as a year ago, 7% above the Washington typical home.
Home values, sales, trends and how Port Townsend compares with the towns next door — updated as new data is published.
Port Townsend at a glance
Typical home value, 2016–2026
Show as a table
| January | Port Townsend | Washington |
|---|---|---|
| 2017 | $330,000 | $326,000 |
| 2018 | $367,000 | $362,000 |
| 2019 | $387,000 | $390,000 |
| 2020 | $411,000 | $413,000 |
| 2021 | $489,000 | $471,000 |
| 2022 | $610,000 | $554,000 |
| 2023 | $621,000 | $572,000 |
| 2024 | $607,000 | $582,000 |
| 2025 | $628,000 | $605,000 |
| 2026 | $641,000 | $601,000 |
| August 2026 | $633,000 | $592,000 |
115 new homes permitted in 2025
Builders were permitted 115 new homes in Port Townsend in 2025: 96 single-family houses and 19 in buildings with two or more homes, worth about $28.6 million to build. That's 11 per 1,000 residents, faster than across Washington (4.6). Over the past 10 years, Port Townsend has permitted 699 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Port Townsend gained 1,035 residents while 411 new homes were permitted: about 2.5 new residents per new home. Building and growth moved roughly in step. Across Washington: 2.7 new residents per new home.
How Port Townsend ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 56 | 54 | 2 | $17.7 million |
| 2025 | 115 | 96 | 19 | $28.6 million |
| 2024 | 34 | 34 | 0 | $8.5 million |
| 2023 | 65 | 65 | 0 | $17.9 million |
| 2022 | 129 | 83 | 46 | $26.2 million |
| 2021 | 98 | 53 | 45 | $13.7 million |
| 2020 | 33 | 31 | 2 | $5.3 million |
| 2019 | 51 | 51 | 0 | $10.9 million |
| 2018 | 32 | 32 | 0 | $6.6 million |
| 2017 | 53 | 53 | 0 | $8.8 million |
| 2016 | 89 | 85 | 4 | $13.7 million |
| 2015 | 35 | 33 | 2 | $5.3 million |
| 2014 | 37 | 37 | 0 | $6.3 million |
| 2013 | 34 | 34 | 0 | $5.1 million |
| 2012 | 24 | 24 | 0 | $4.5 million |
| 2011 | 27 | 21 | 6 | $3.3 million |
| 2010 | 29 | 29 | 0 | $3.7 million |
| 2009 | 36 | 24 | 12 | $4.9 million |
| 2008 | 32 | 32 | 0 | $5.3 million |
| 2007 | 57 | 57 | 0 | $9.4 million |
| 2006 | 63 | 63 | 0 | $10.4 million |
| 2005 | 65 | 65 | 0 | $10.7 million |
| 2004 | 121 | 85 | 36 | $14.7 million |
| 2003 | 86 | 78 | 8 | $12.4 million |
| 2002 | 64 | 60 | 4 | $10.4 million |
| 2001 | 54 | 45 | 9 | $7.1 million |
| 2000 | 75 | 57 | 18 | $7.9 million |
How Port Townsend ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
10.1 years of income
The typical Port Townsend home costs about 10.1 years of the town's median household income, more than across Washington (6 years).
How Port Townsend ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,400
HUD's Fair Market Rent for a two-bedroom in Port Townsend is $1,400 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Port Townsend pay a median of $1,578. A two-bedroom takes about 27% of the town's median household income.
Studio $1,150 · 4 bedrooms $2,350
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (98368; Jefferson 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. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.