Why Live in Penn Cove Park
Penn Cove Park in Oak Harbor features a diverse housing market with midcentury ranch-style homes, Craftsman cottages, and contemporary two-story properties, many offering views of Puget Sound and Penn Cove. Residents enjoy access to a private beach and a neighborhood boat ramp, making water-based activities like kayaking, boating, and fishing popular pastimes. The area is known for its mussels and occasional orca sightings. Ebey's Landing National Historical Reserve, the U.S.'s first historical reserve, offers hiking trails and historical sites, adding to the neighborhood's attractions. While primarily residential, Penn Cove Park is conveniently located 7 miles from Coupeville, known for its historic waterfront and small-town charm, and 4 miles from Oak Harbor, which hosts the island's only big box stores. Dining options include the nearby Captain Whidbey Inn, famous for its fried fish and scenic views. The neighborhood is car-dependent, with State Route 20 providing access to other parts of Whidbey Island and the mainland via the Deception Pass Bridge. Penn Cove Park is served by the Oak Harbor Public School District, with highly rated schools such as Hillcrest Elementary and Oak Harbor High School, which offers college dual credit courses.
Frequently Asked Questions
Is Penn Cove Park a good place to live?
Penn Cove Park is a good place to live. Penn Cove Park is considered very car-dependent and somewhat bikeable. It has a median age of 46. The average household income is $113,500 which is above the national average. College graduates make up 25.9% of residents. A majority of residents in Penn Cove Park are home owners, with 17.7% of residents renting and 82.3% of residents owning their home. A
local real estate agent serving Penn Cove Park can help you decide if this neighborhood is the right one for you. Learn more on our
Penn Cove Park neighborhood guide.
How much do you need to make to afford a house in Penn Cove Park?
The median home price in Penn Cove Park is $490,000. If you put a 20% down payment of $98,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $2,490 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $107K a year to afford the median home price in Penn Cove Park. The average household income in Penn Cove Park is $114K.
What are the best public schools in Penn Cove Park?
The best public schools that serve Penn Cove Park are:
What are the best private schools in Penn Cove Park?
The best private schools that serve Penn Cove Park are:
What are the most popular zip codes in Penn Cove Park, Oak Harbor, WA?
What are the most popular neighborhoods near Penn Cove Park, Oak Harbor, WA?
Home Trends in Penn Cove Park, WA
On average, homes in Penn Cove Park, Oak Harbor sell after 38 days on the market compared to the national average of 52 days. The median sale price for homes in Penn Cove Park, Oak Harbor over the last 12 months is $492,192, down 4% from the median home sale price over the previous 12 months.
Median Sale Price
$492,192
Median Single Family Sale Price
$492,192
Average Price Per Sq Ft
$364
Number of Homes for Sale
2
Last 12 months Home Sales
8
Median List Price
$490,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%
