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Bellingham, Washington

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 49/100, supply score 70, homes go under contract 12.7% faster than the US median, at 158% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $76K, +1.1% YoY (ZIP); renters hold 44.7% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −5.6% YoY. inventory, +3.8% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $656,083 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

5 ZIPs in this city:98225 98226 98227 98228 98229

Market Hotness

49 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−12.7%

homes sell faster here

158%

of national median · above avg

Median Listing Price

$656K

Population

130,296

56,372

Median Days on Market

Active Listings

418

New Listings

116

Housing Market

The median listing price is down 5.6% YoY while the median home got up 0.5% bigger, so value per square foot is up 1.2%.

Pricing

Median Listing Price

$656K-5.6% YoY

Average Listing Price

$814K-5.6% YoY

Price per Sq Ft

$416.718+1.2% YoY

Median Sq Ft

1,697+0.5% YoY

Inventory

Active Listings

418+8.6% YoY

New Listings

116-14.7% YoY

Total Listings

545+3.8% YoY

Buyer Competition

Pending Listings

126-10.6% YoY

Pending Ratio

0.30-17.9% YoY

Median Days on Market

50-6.2% YoY

Price Reduced

21.4%+49.3% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 103,520

104Kunits

Occupied94,02190.8%

Vacant9,4999.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 94,021

94Koccupied

Owner59,90463.7%

Renter34,11736.3%

Renter Share

36.3%-0.5% YoY

Total Housing Units

103,520+1.6% YoY

FY2026 Fair Market Rent

CountyWhatcom County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,463

/month

1 BR

$1,493

/month

2 BR

$1,794

/month

3 BR

$2,495

/month

4 BR

$3,010

/month

FMR trends · Whatcom County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 44.7% of this ZIP's 56,372 occupied households, on a median household income of $76K.

Population & Age

Total Population

130,296+0.2% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 130,296

130Kresidents

Under 1819,57915.0%

Adults 18–6486,42166.3%

65 & Over24,29618.6%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.00+0.7% YoY

Population Under 18

19,579-4.3% YoY

Population 65 & Over

24,296+4.8% YoY

Households & Mobility

Total Households

56,372+1.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.23-1.2% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house81.2%

Moved (within US)18.5%

Other0.3%

Veterans

5.6%-4.3% YoY

Income & Poverty

Median Household Income

$76K+1.1% YoY

Per-Capita Income

$46K+3.3% YoY

Mean Household Income

$104K+2.2% YoY

Below Poverty Level

15.5%+3.3% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone65.8%

Public transit2.7%

Worked from home15.0%

Other16.5%

Worked From Home

15.0%+3.1% YoY

Mean Commute

19.49-2.5% YoY

Units & Tenure

Total Housing Units

59,728+0.9% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 59,728

60Kunits

Occupied56,37294.4%

Vacant3,3565.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 56,372

56Khouseholds

Owner31,18755.3%

Renter25,18544.7%

Avg Household Size — Owner

2.36-1.7% YoY

Avg Household Size — Renter

2.08-0.2% YoY

County Demographics

County population is up 0.9% to 230,503: residents under 18 are down 0.9% and those 65 and over are up 3.1%.

Median Age

38.42024

Population

Whatcom County Population

234,954+1.0% YoY

Households

Total Households

94,021+1.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.40-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 230,503

231Kresidents

Under 1842,74318.5%

Adults 18–64144,19262.6%

65 & Over43,56818.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

42,743-0.9% YoY

Population 65 & Over

43,568+3.1% YoY

Median Age

38.40+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.9%

Moved (within US)14.8%

Other0.3%

Veterans

6.3%-7.4% YoY

County Economy

County median household income is $82K, 12.9% of residents are below the poverty level, 14.8% work from home.

Income

Median Household Income

$82K+1.0% YoY

Per-Capita Income

$45K+4.4% YoY

Mean Household Income

$110K+3.4% YoY

Poverty

Below Poverty Level

12.9%+1.6% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone69.2%

Public transit1.8%

Worked from home14.8%

Other14.2%

Worked From Home

14.8%+11.3% YoY

Mean Commute

21.60-2.3% YoY

Done with Bellingham? Put it next to another market.

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City

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State

City

ZIP codes

Bellingham, Washington

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 49/100, supply score 70, homes go under contract 12.7% faster than the US median, at 158% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $76K, +1.1% YoY (ZIP); renters hold 44.7% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −5.6% YoY. inventory, +3.8% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

5 ZIPs in this city:98225 98226 98227 98228 98229

Market Hotness

49 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−12.7%

homes sell faster here

158%

of national median · above avg

Median Listing Price

$656K

Population

130,296

56,372

Median Days on Market

Active Listings

418

New Listings

116

Housing Market

The median listing price is down 5.6% YoY while the median home got up 0.5% bigger, so value per square foot is up 1.2%.

Pricing

Median Listing Price

$656K-5.6% YoY

Average Listing Price

$814K-5.6% YoY

Price per Sq Ft

$416.718+1.2% YoY

Median Sq Ft

1,697+0.5% YoY

Inventory

Active Listings

418+8.6% YoY

New Listings

116-14.7% YoY

Total Listings

545+3.8% YoY

Buyer Competition

Pending Listings

126-10.6% YoY

Pending Ratio

0.30-17.9% YoY

Median Days on Market

50-6.2% YoY

Price Reduced

21.4%+49.3% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 103,520

104Kunits

Occupied94,02190.8%

Vacant9,4999.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 94,021

94Koccupied

Owner59,90463.7%

Renter34,11736.3%

Renter Share

36.3%-0.5% YoY

Total Housing Units

103,520+1.6% YoY

FY2026 Fair Market Rent

CountyWhatcom County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,463

/month

1 BR

$1,493

/month

2 BR

$1,794

/month

3 BR

$2,495

/month

4 BR

$3,010

/month

FMR trends · Whatcom County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 44.7% of this ZIP's 56,372 occupied households, on a median household income of $76K.

Population & Age

Total Population

130,296+0.2% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 130,296

130Kresidents

Under 1819,57915.0%

Adults 18–6486,42166.3%

65 & Over24,29618.6%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.00+0.7% YoY

Population Under 18

19,579-4.3% YoY

Population 65 & Over

24,296+4.8% YoY

Households & Mobility

Total Households

56,372+1.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.23-1.2% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house81.2%

Moved (within US)18.5%

Other0.3%

Veterans

5.6%-4.3% YoY

Income & Poverty

Median Household Income

$76K+1.1% YoY

Per-Capita Income

$46K+3.3% YoY

Mean Household Income

$104K+2.2% YoY

Below Poverty Level

15.5%+3.3% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone65.8%

Public transit2.7%

Worked from home15.0%

Other16.5%

Worked From Home

15.0%+3.1% YoY

Mean Commute

19.49-2.5% YoY

Units & Tenure

Total Housing Units

59,728+0.9% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 59,728

60Kunits

Occupied56,37294.4%

Vacant3,3565.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 56,372

56Khouseholds

Owner31,18755.3%

Renter25,18544.7%

Avg Household Size — Owner

2.36-1.7% YoY

Avg Household Size — Renter

2.08-0.2% YoY

County Demographics

County population is up 0.9% to 230,503: residents under 18 are down 0.9% and those 65 and over are up 3.1%.

Median Age

38.42024

Population

Whatcom County Population

234,954+1.0% YoY

Households

Total Households

94,021+1.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.40-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 230,503

231Kresidents

Under 1842,74318.5%

Adults 18–64144,19262.6%

65 & Over43,56818.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

42,743-0.9% YoY

Population 65 & Over

43,568+3.1% YoY

Median Age

38.40+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.9%

Moved (within US)14.8%

Other0.3%

Veterans

6.3%-7.4% YoY

County Economy

County median household income is $82K, 12.9% of residents are below the poverty level, 14.8% work from home.

Income

Median Household Income

$82K+1.0% YoY

Per-Capita Income

$45K+4.4% YoY

Mean Household Income

$110K+3.4% YoY

Poverty

Below Poverty Level

12.9%+1.6% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone69.2%

Public transit1.8%

Worked from home14.8%

Other14.2%

Worked From Home

14.8%+11.3% YoY

Mean Commute

21.60-2.3% YoY

Done with Bellingham? Put it next to another market.