Bellingham, WA 98225 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Bellingham, WA — 98225
Market Hotness
51
Hotness Rank
#6,211
Hotness Score
51
Supply Score
78
Demand Score
25
DOM vs US
-16.0%
Faster
Price vs US
143%
Above avg
Median Listing Price
$615K
Population
50,216
Households
103,520
Median Days on Market
37
Active Listings
104
New Listings
56
Housing Market
Pricing
Median Listing Price
$615K
-15.0% YoY
Average Listing Price
$794K
-8.0% YoY
Price per Sq Ft
$503
+0.1% YoY
Median Sq Ft
1,299
-8.1% YoY
Inventory
Active Listings
104
+8.3% YoY
New Listings
56
0.0% YoY
Total Listings
152
+5.6% YoY
Buyer Competition
Pending Listings
52
+8.4% YoY
Pending Ratio
0.50
0.0% YoY
Median Days on Market
37
+4.2% YoY
Price Reduced
11.1%
-1.5% YoY
Units & Occupancy
2024 Occupancy
104K
units
Occupied
94,021
90.8%
Vacant
9,499
9.2%
2024 Tenure
94K
occupied
Owner
59,904
63.7%
Renter
34,117
36.3%
Renter Share
36.3%
-0.5% YoY
Total Housing Units
103,520
+1.6% YoY
FY2026 Fair Market Rent — Whatcom County
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
Demographics
Median Age
38.4
2024
Population
ZIP Population
50,216
-0.3% YoY
Whatcom County Population
234,954
+1.0% YoY
Households
Total Households
94,021
+1.7% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.40
-0.8% YoY
Age
2024 Age Mix
231K
residents
Under 18
42,743
18.5%
Adults 18–64
144,192
62.6%
65 & Over
43,568
18.9%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
84.9%
Moved (within US)
14.8%
Other
0.3%
Veterans
6.3%
-7.4% YoY
Economy
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
2023 Commute Mode
of workers
Drove alone
70.2%
Public transit
1.9%
Worked from home
13.3%
Other
14.6%
Worked From Home
14.8%
+11.3% YoY
Mean Commute
21.60
-2.3% YoY
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