ZIP Code Market Report
98261 — Lopez, WA
Data through February 2026 · Updated monthly
Avg Home Value
$837,411
▼ 2.6% year-over-year
Month-over-Month
-0.7%
▼ 0.7%
Single Family
$839,979
Condo / Co-op
--
The average home value in the 98261 ZIP code (Lopez, WASHINGTON) is $837,411 as of February 2026. Home prices are declining, down 2.6% compared to last year.
A 3-bedroom home in 98261 is valued at $990,880. 1-bedroom units start around $654,481.
The market in 98261 has a $934,367 spread between bottom-tier homes at $504,533 and top-tier homes at $1,438,900. 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 San Juan County market area in WASHINGTON. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full San Juan County report.
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Market Snapshot
98261 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 | $846,199 | $843,616 | $837,411 | ▼ 1.0% |
| Single Family Value | $835,553 | $838,373 | $839,979 | ▲ 0.5% |
Home Values
98261 Home Value Trend
Historical home values for ZIP code 98261. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 98261
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $654,481 |
| 2 Bedrooms | $856,732 |
| 3 Bedrooms | $990,880 |
Property Types
Home Values by Property Type in 98261
How different property types compare in this ZIP code.
All Homes
$837,411
Single Family
$839,979
Bottom Tier
$504,533
Top Tier
$1,438,900
Data Sources and Methodology
Home value data for ZIP code 98261 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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