Welcome to our 98229 real estate data hub, tailored for investors in Bellingham, WA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 98229 in Bellingham, WA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WHATCOM COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Bellingham, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Bellingham property market.
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Location Overview
- Zip Code: 98229
- City: Bellingham
- State: WA
- Metro Area: Bellingham, WA
- County Name: WHATCOM COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $645,892
- Average Home Price (Single Family Homes): $666,439
- Average Monthly Rental Price (All Types): $1,894
- Price-to-Rent Ratio: 28
- Zillow Projected % appreciation from 4/2023-4/2024: -0.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,400
- Average 3 Bedroom Section 8 Rental Rates: $1,990
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 38.45
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 27.05
- Number of Units Offered in Section 8 in the County: 725
- Number of Occupied Units in Section 8 in the County: 713
- Percentage of Section 8 Units Occupied in the County: 98.40000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 408.1
- Total % Appreciation since 2000 (Government Data): 275.47
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -2.33%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -2.79%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.78%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 51.13%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 119.99%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 78.75%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 224.09%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.57%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 10.14%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%