HousingHandbookReference data

U.S. ZIP Code · WA98239

Island County

Typical home value

$645,206[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.6%
5-year / yr
+3.8%
10-year / yr
+6.8%

Relative price

vs U.S.
+127.1%
vs metro
vs state
+28.2%
ZIP 98239 location in WA
Location of ZIP 98239 in WA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 98239 is worth $645,206. Over the past year, values have risen 2.6%. Homes here rent for a typical $2,191 a month — a 4.1% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$2,191[2]
Gross yield
4.1%[2]
Cap rate
2.4%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$4,640[3]

#Climate risk

FEMA National Risk Index ratings for Island County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Relatively Moderate
Wildfire
Very Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively Moderate
Winter weather
Relatively Low

#Who lives here

Population
7,656[3]
Median household income
$92,125[3]

#Migration

Household moves in and out of Island County over a year, from IRS tax-return data.

Net migration
+158[5]
Moved in
3,956
Moved out
3,798

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
6
Elementary
1
Middle
1
High
4
  • Coupeville Elementary School

    Elementary · Grades PK–5 · Coupeville School District

    476 students

  • Coupeville High School

    High · Grades 9–12 · Coupeville School District

    266 students

  • Coupeville Middle School

    Middle · Grades 6–8 · Coupeville School District

    241 students

  • Open Den

    High · Grades 9–12 · Coupeville School District

    48 students

  • Island County Corrections Facility Ed Program

    High · Grades 9–12 · Coupeville School District

    0 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.1%
Net yield (after ~40% expenses)2.4%
Annual rent$26,295

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$3,263
Loan principal$516,165
Down payment$129,041
Total interest paid$658,340

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.91
Monthly cost to own$4,187
Monthly rent$2,191

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 98239?
The typical home in 98239 is worth $645,206, based on the Zillow Home Value Index.
Are home values rising in 98239?
Home values in 98239 are up 2.6% over the past year, and up 3.8% a year over five years.
What is the typical rent in 98239?
A typical home in 98239 rents for about $2,191 a month, a gross rental yield of 4.1%.
What is the property tax rate in 98239?
The effective property tax rate in 98239 is 0.7% — roughly $4,640 a year on a typical home.
Who lives in 98239?
ZIP code 98239 has a population of 7,656 and a median household income of $92,125.

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