Investor-grade market analytics for Bellingham, Washington. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.
$610,694
+0.4% year-over-year
3.9%
gross annual
+0.4%
base case (Zillow ZHVF)
+0.4% year-over-year
50/100
ModerateNet migration: Top 10% nationally
In-migrants avg $76,530 AGI vs out-migrants $62,037
Opportunity Zone Market
1 ZIP codes in Bellingham are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Bellingham, WA is in a stabilization phase with 0.4% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability pressure is significant: the price-to-income ratio of 7.54x well exceeds the national average of 4.8x. Modest net positive migration (+625 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 3.9% 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.