Real Estate Investing in Oak Harbor, Washington

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 42,516 • Island County

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Should you buy in Oak Harbor, WA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • Elevated vacancy: 8.4% vacancy may signal weakening demand.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Oak Harbor, WA?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.1% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $268,001
Avg Monthly Rent $1,966
ZIP Codes 2

Investing in Oak Harbor Real Estate

Oak Harbor, WA covers 2 ZIP codes and a population but the investment metrics here are thin — this is not a market to enter casually.

Oak Harbor is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state investors should be especially careful with the assumptions they carry in.

Rent trends and price trends in Oak Harbor are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Washington.

Oak Harbor's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Oak Harbor, WA

Oak Harbor is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Oak Harbor, WA. Anonymous, moderated, never written by AI.

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Avg Home Value
$268,001
Avg Monthly Rent
$1,966
1% Rule
✗ Below
Landlord Friendly (WA)

📉 Market Crash Risk Index

Based on Oak Harbor, WA metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
45%
Days Pending
2/2
67 days

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❄️ Cool Market — Oak Harbor, WA metro
67
Days to pending
9.3%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Oak Harbor, WA

Screen every ZIP in Oak Harbor

Filter Oak Harbor’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Oak Harbor, WA

How do landlord-tenant laws work in Oak Harbor, WA?

The landlord environment in Oak Harbor, WA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.

Is Oak Harbor, WA suited for a house hack?

House hacking in Oak Harbor, WA is reasonable to execute. Prices around $268K and rents of $1,966/mo solid owner-occupant economics.

What is the median home value in Oak Harbor, WA?

Oak Harbor, WA home values average about $268K. That price point suits investors targeting rentals with $1,966/mo in monthly income.

Is Oak Harbor, WA a good market for buy-and-hold investors?

Oak Harbor, WA scores 3.0/5 for investability. Home values sit at $268K and rents near $1,966/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

How do experienced investors play Oak Harbor, WA?

Oak Harbor, WA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($268K prices, $1,966/mo rents) make it a reasonable choice.

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