Investor-grade market analytics for Bellingham, Washington. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$597,566
+0.5% year-over-year
3.8%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Bellingham, WA is in a stabilization phase with 0.5% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability pressure is significant: the price-to-income ratio of 7.38x well exceeds the national average of 4.8x. Modest net positive migration (+563 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 3.78% is below average, suggesting this market is more suited for appreciation-driven strategies.
12-month projection (Zillow ZHVF model)
Bellingham, WA's primary climate exposure is flooding (50/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.