What to know before you move: cost, market timing, who it fits.
If you're considering a move to Oak Harbor, WA, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Oak Harbor is a city in Island County, Washington, with an estimated population of 24,163. The median home value in Oak Harbor is $535,773 as of 2026-04, up 1.8% over the last 12 months. Over the last five years, home values have averaged +3.7% annual growth, with prices at or near the 5-year peak. Rents in Oak Harbor average $1,893 per month, up 5.9% year-over-year. The composite momentum score is 65 of 100 (Rising). The market is healthy with prices supported by underlying demand.
Quiet strength: prices near or at all-time highs (-0.2% from 5-year peak). Solid market for owner-occupiers; investors should underwrite conservatively given the elevated entry point.
Reasons people move here
- Held the highs: currently -0.2% from the 5-year peak — this market refused to give back gains.
- Hot rental market: rents up 5.9% YoY — landlords have pricing power, supports new investment math.
Things to know first
- Flat or shrinking population: -0.5% per year. Housing demand has to come from somewhere — verify the source.
- Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.
More about Oak Harbor
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.