Market Overview
Home Prices in Gig Harbor, WA
The median home value in Gig Harbor, WA is $828,733 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gig Harbor are priced102% above average. Gig Harbor is part of the Seattle-Tacoma-Bellevue, WA metro area.
Over the past five years, Gig Harbor home values have risen by approximately18.1%, reflecting steady appreciation in this market.
Price History
Gig Harbor Home Price Trend
City Comparison
Gig Harbor vs. National Median
At $828,733, homes in Gig Harbor cost 102% above the national median of $410,000. Buyers in Gig Harbor should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Gig Harbor?
20% Down Payment
$165,747
on $828,733
Monthly P&I
$4,322/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,489/mo
incl. taxes & insurance
Income Needed
$219,560
gross annual (30% rule)
10% Down Option
$82,873
+ PMI applies
Loan Amount (20% dn)
$662,986
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gig Harbor, WA?
The median home value in Gig Harbor is $828,733 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in Gig Harbor?
Over the past year, home values in Gig Harbor have increased by 0%. Over five years, prices have risen approximately 18.1%.
How much do I need to earn to buy a home in Gig Harbor?
To comfortably afford the median home price of $828,733 with a 20% down payment ($165,747) at today's rates (6.8%), you'd need a gross annual income of approximately $219,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Gig Harbor compare to the national average home price?
The national median home value is approximately $410,000. At $828,733, homes in Gig Harbor are 102% above the national average.
What metro area is Gig Harbor part of?
Gig Harbor is part of the Seattle-Tacoma-Bellevue, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.