98277 — Island County, Washington Market Snapshot
Housing market data for zip code 98277 in Island County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
107 sales in 2026 (year to date)
Median Sale Price
$589,900
Days to Sell
16
Homes Sold
107
Inventory
79
Sale-to-List
99.1%
New Listings
155
Price/SqFt
$317
Pending Sales
134
Conforming Loan Available
Most homebuyers in 98277 can comfortably use conventional financing. The median home price of $589,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 98277 are moving quickly at 16 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 98277 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 98277 can comfortably use conventional financing. The median home price of $589,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 98277 are set at the county level.
2026 Loan Limits — Island County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $671,600 |
| 2 Units | $1,066,250 | $859,750 |
| 3 Units | $1,288,800 | $1,039,250 |
| 4 Units | $1,601,750 | $1,291,550 |
Affordability Snapshot — Zip 98277
To purchase the median home at $589,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,670.
Monthly Payment
$4,670
Income Required
$200,127
Principal & Interest
$3,635/mo
Down Payment (5%)
$29,495
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 98277.
Estimated Monthly Payment
$3,801
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