Since the 1970s new residents, including many retirees, have moved to town. The waterfront retail district has restaurants, services and tourist destinations. Since 1999, the city has had an annual international film festival in September. Other cultural programming, some at Fort Worden, now a state park, includes a Wooden Boat Festival, writers' conference, and blues and jazz festivals, in addition to music and dance performances. The town has an independent movie theater, upgraded in 2012 to handle digital film.
Because of the speed at which the economy declined in the 1890s and the lack of any industry to replace it, none of the Victorian buildings were torn down or built over in the intervening period. They were essentially preserved for nearly 100 years, when the value of protecting them was appreciated and fostered.
The Port Townsend Historic District, an area including many Victorian-era buildings, was listed on the National Register of Historic Places in 1976. It was designated a National Historic Landmark in 1977
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