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Lake Cavanaugh, WA
Full City Profile · Washington · Island County County
3.6
/5.0
B+
Good
305
Population
396/sq mi density
$106,875
Median Income
$67,121 per capita
$601,000
Home Value
$658,913 Zillow
49°F
Avg Temperature
233 sunny days/yr
181
Violent Crime/100K
5,882 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$106,875 median income, 0.0% unemployment
B+
Affordability
3.5 / 5.0
$601,000 home value, /mo rent
F
Safety
1.0 / 5.0
181 violent crimes/100K
A+
Education
5.0 / 5.0
61.3% bachelor's degree or higher
Housing Overview
Median Home Value
$601,000
113% above
US avg: $281,900
Homeownership Rate
100.0%
53% above US avg (65.4%)
Total Housing Units
414
Median year built: 1968
Home Value by Source
Census Median
$601,000
Zillow (ZHVI)
$658,913
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
100.0%
Owner-Occupied
0.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,082/mo
1 Bedroom
$1,180/mo
2 Bedroom
$1,472/mo
3 Bedroom
$2,003/mo
4 Bedroom
$2,351/mo
Affordability & Housing Stock
Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
100.0%
Complete Housing Data
Home Values
| Census Median Value | $601,000 |
| Zillow Home Value (ZHVI) | $658,913 |
Rent
| FMR Studio | $1,082 |
| FMR 1-Bedroom | $1,180 |
| FMR 2-Bedroom | $1,472 |
| FMR 3-Bedroom | $2,003 |
| FMR 4-Bedroom | $2,351 |
Market
Ownership & Stock
| Owner-Occupied | 100.0% |
| Renter-Occupied | 0.0% |
| Homeownership Rate | 100.0% |
| Total Housing Units | 414 |
| Median Year Built | 1968 |
| Rent Burden | 30.7% |