Bainbridge Island, Washington Housing Market Prices
Bainbridge Island Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 159% above the Washington median$1,257,814
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Median rent 25% above the Washington median$2,194
Housing Market Overview
| Metric | Bainbridge Island | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,257,814 | $485,016 | $248,835 |
| Price Trend (Annual %) | 11.0% | 10.9% | 7.5% |
| Median Gross Rent | $2,194 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 7.5% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bainbridge Island is about 159% higher than in Washington. Rent is about 25% higher than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bainbridge Island, up about 11.0% and 7.5% a year respectively. Home prices are changing faster.
Median rent in Bainbridge Island rose about 92.8% between 2015 and 2024, from $1,138 to $2,194. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 7.2 yearly household incomes in Bainbridge Island.
Buying the median-priced home in Bainbridge Island costs roughly 47.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bainbridge Island. The price-to-rent ratio in Washington is about 23.0.
| Metric | Bainbridge Island | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,257,814 | $485,016 | $248,835 |
| Median Household Income | $173,619 | $98,224 | $80,455 |
| Price-to-Income Ratio | 7.2 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bainbridge Island rose about 47.5%, while median household income rose about 76.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bainbridge Island | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.8% | 59.1% | 58.5% |
| Rental Rate | 16.9% | 33.6% | 31.2% |
| Vacancy Rate | 9.3% | 7.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Bainbridge Island has a homeownership rate of 73.8%, higher than the Washington average of 59.1%. Its housing vacancy rate is 9.3%, compared with 7.3% in Washington.
Housing Stock
| Metric | Bainbridge Island | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1989 | 1983 | 1978 |
| Median Number of Rooms | 6.5 | 5.5 | 5.5 |
The typical housing unit in Bainbridge Island was built around 1989. On average, 2.5 people live in a home with about 6.5 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bainbridge Island, Washington.
What is the median home price in Bainbridge Island, Washington?
The median home price in Bainbridge Island, Washington is $1,257,814, higher than the Washington average of $485,016.
What is the average home price in Bainbridge Island, Washington?
The typical home price in Bainbridge Island, Washington, reported as the median sale price, is $1,257,814. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bainbridge Island, Washington?
The median gross rent in Bainbridge Island, Washington is $2,194 per month, higher than the Washington average of $1,759.
What was the median gross rent in Bainbridge Island in 2020?
In 2020, the median gross rent in Bainbridge Island, Washington was $1,612 per month.
What is the price-to-rent ratio in Bainbridge Island, Washington?
The price-to-rent ratio in Bainbridge Island, Washington is about 47.8, meaning it would take roughly 47.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bainbridge Island.
Are home prices or rent rising faster in Bainbridge Island, Washington?
Both home prices and rent are rising in Bainbridge Island, up about 11.0% and 7.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bainbridge Island, Washington?
73.8% of households in Bainbridge Island, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Bainbridge Island, Washington?
The housing vacancy rate in Bainbridge Island, Washington is 9.3%, higher than the Washington average of 7.3%.
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