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Island County, WA

RANK #566 / 996  ·  POP 86,510  ·  WA

PROJECTED GROWTH: +0.5%

Island County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Island County?

Island County, Washington, distinguishes itself through its unique geography, being composed entirely of islands, including the prominent Whidbey and Camano Islands. Located north of Seattle, Whidbey Island is about 27 miles from the city. The county seat, Coupeville, is a historic seaport town on Whidbey Island, known for its 19th-century architecture and views of Puget Sound and the Olympic Mountains. The community offers a mild, temperate climate due to the moderating effects of water and sheltering mountains, with Central Whidbey receiving notably less rain than Seattle. Outdoor recreation is a significant draw, with 54 park facilities across the islands, offering extensive trails for hiking, biking, and horseback riding, along with opportunities for boating, fishing, and beachcombing. Deception Pass State Park, with its cliffs, bluffs, and beaches, is a notable landmark.

Life in Island County is shaped by its island setting and the presence of Naval Air Station Whidbey Island in Oak Harbor, the county's largest city. The Naval Air Station is a major employer and economic driver, supporting thousands of direct and indirect jobs. While many residents are retirees or part-time residents drawn to the scenery and quality of life, others commute to jobs outside the county, often utilizing the ferry system. Island Transit provides fare-free bus service across Whidbey and Camano Islands, including connections to ferry terminals. The county's economy, while influenced by the military, also sees activity in tourism, service industries, and real estate. Public education is served by districts such as Oak Harbor, Coupeville, and South Whidbey.

[02] Market Snapshot

Housing Ratio
11.5x

Overvalued relative to economy

GDP Growth
+2.3%

Below national median

Home Prices
+0.6%

Well below national median

Climate & Terrain
3.4

Favorable climate & terrain

Price/Rent
19x

Above national median (13x)

Housing looks overvalued at 11.5x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Island County U.S. National

The Numbers

DEMOGRAPHICS
Population
86,510
+0.67% YoY
Median Household Income
$82,850
Median Home Value
$480,800
+0.55% 12mo
Median Rent
$1,517
Average Annual Pay
$58,929
+6.9% YoY
Employment
18,271
+1.1% YoY
Income-to-Home-Value
0.1723
Less affordable than average
Migration Inflow
4.57%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$583,256
Days on Market
37
Active market
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
99.1%
Near asking price
Sold Above List
46.7%
Listings w/ Price Drops
23.7%
Building Permits (2024)
402
Single-Family Permits
297

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +2.3% 43 percentile
Population Growth +0.7% 60 percentile
Income Growth +9.6% 74 percentile
Vacancy Rate 1.3% 31 percentile
Home Price Change +0.6% 38 percentile
Rent Growth +5.0% 80 percentile
Price/Rent 19x 11 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Island County, WA a good place to move to?

Island County has a Boom Town Index score of 43/100, ranking #566 among 996 U.S. counties. With job growth at +1.1% and a median household income of $82,850, it faces some economic headwinds compared to faster-growing counties.

Is Island County affordable?

The median home value in Island County is $480,800 with median rent at $1,517/month. The income-to-home-value ratio is 0.1723, which is less affordable than the national average.

Is Island County growing or shrinking?

Population growth: +0.7% year-over-year. Job growth: +1.1%. Home values changed +0.6% in the past 12 months.

Are people moving to Island County?

Yes — 4.57% of Island County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Bronx County, NY 53 Carter County, TN 53 Portsmouth city, VA 53 Madison County, ID 53 Missoula County, MT 53 Bibb County, GA 53 Pulaski County, KY 53 Howard County, MD 53