ZIP Code Market Report
98365 — Port Ludlow, WA
Data through February 2026 · Updated monthly
Avg Home Value
$644,689
▲ 0.0% year-over-year
Month-over-Month
-0.3%
▼ 0.3%
Single Family
$664,749
Condo / Co-op
--
The average home value in the 98365 ZIP code (Port Ludlow, WASHINGTON) is $644,689 as of February 2026. Home prices are stable, up 0.0% compared to last year.
The market in 98365 has a $411,883 spread between bottom-tier homes at $474,116 and top-tier homes at $886,000. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Jefferson County market area in WASHINGTON. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Jefferson County report.
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Market Snapshot
98365 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $651,728 | $646,600 | $644,689 | ▼ 1.1% |
| Single Family Value | $665,537 | $665,383 | $664,749 | ▼ 0.1% |
Home Values
98365 Home Value Trend
Historical home values for ZIP code 98365. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 98365
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $483,164 |
| 2 Bedrooms | $636,697 |
| 4 Bedrooms | $808,240 |
Property Types
Home Values by Property Type in 98365
How different property types compare in this ZIP code.
All Homes
$644,689
Single Family
$664,749
Bottom Tier
$474,116
Top Tier
$886,000
Data Sources and Methodology
Home value data for ZIP code 98365 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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