Market Overview
Home Prices in Port Townsend, WA
The median home value in Port Townsend, WA is $642,357 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Port Townsend are priced57% above average.
Over the past five years, Port Townsend home values have risen by approximately15.1%, reflecting steady appreciation in this market.
Price History
Port Townsend Home Price Trend
2020
$429,793
$430K
—
2021
$558,169
$558K
+29.9%
2022
$686,749
$687K
+23.0%
2023
$624,193
$624K
-9.1%
2024
$624,287
$624K
+0.0%
2025
$638,474
$638K
+2.3%
2026
$642,357
$642K
+0.6%
City Comparison
Port Townsend vs. National Median
🏠 Port Townsend
$642,357
National Median
$410,000
At $642,357, homes in Port Townsend cost 57% above the national median of $410,000. Buyers in Port Townsend should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Port Townsend?
20% Down Payment
$128,471
on $642,357
Monthly P&I
$3,350/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,255/mo
incl. taxes & insurance
Income Needed
$170,200
gross annual (30% rule)
10% Down Option
$64,236
+ PMI applies
Loan Amount (20% dn)
$513,886
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 Port Townsend, WA?
The median home value in Port Townsend is $642,357 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Port Townsend?
Over the past year, home values in Port Townsend have increased by 0.6%. Over five years, prices have risen approximately 15.1%.
How much do I need to earn to buy a home in Port Townsend?
To comfortably afford the median home price of $642,357 with a 20% down payment ($128,471) at today's rates (6.8%), you'd need a gross annual income of approximately $170,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Port Townsend compare to the national average home price?
The national median home value is approximately $410,000. At $642,357, homes in Port Townsend are 57% above the national average.