Bellingham housing market: home prices, trends and forecast
According to the Zillow Home Value Index, Bellingham home prices put the typical home in Bellingham, Washington at $657,528 in September 2026. It was −0.3% lower than a year earlier and −1.7% below the peak of $668,824 in February 2026.
- Value of a typical home
- $657,528September 2026, Zillow ZHVI
- Change over 12 months
- Since September 2025: −0.3%.
Bellingham home prices since 2000
Bellingham appears on the steel line, while the United States appears on the grey line. The typical Bellingham home was worth $157,266 in December 2000 and $657,528 now, a multiple of ×4.18, compared with ×2.82 for the US over those same months. The boom peaked at $322,411 in February 2007. Its low was $260,325 in March 2012, a −19.3% change.
Bellingham median home price by year
Each yearly figure averages the twelve monthly values; for 2026, it shows the latest month.
| Year | Bellingham | Change on the year | United States |
|---|---|---|---|
| 2001 | $158,822 | $134,899 | |
| 2002 | $165,931 | +4.5% | $144,276 |
| 2003 | $185,729 | +11.9% | $155,308 |
| 2004 | $222,407 | +19.7% | $169,891 |
| 2005 | $273,961 | +23.2% | $189,732 |
| 2006 | $315,071 | +15.0% | $206,531 |
| 2007 | $320,792 | +1.8% | $208,449 |
| 2008 | $315,582 | −1.6% | $195,574 |
| 2009 | $292,103 | −7.4% | $177,542 |
| 2010 | $283,015 | −3.1% | $171,462 |
| 2011 | $271,781 | −4.0% | $162,508 |
| 2012 | $261,184 | −3.9% | $161,137 |
| 2013 | $272,147 | +4.2% | $171,420 |
| 2014 | $285,270 | +4.8% | $182,996 |
| 2015 | $301,450 | +5.7% | $192,738 |
| 2016 | $330,104 | +9.5% | $204,509 |
| 2017 | $366,436 | +11.0% | $216,767 |
| 2018 | $406,938 | +11.1% | $230,541 |
| 2019 | $435,764 | +7.1% | $242,088 |
| 2020 | $474,598 | +8.9% | $257,151 |
| 2021 | $562,385 | +18.5% | $295,959 |
| 2022 | $638,666 | +13.6% | $340,014 |
| 2023 | $628,513 | −1.6% | $348,160 |
| 2024 | $646,499 | +2.9% | $359,751 |
| 2025 | $662,933 | +2.5% | $362,959 |
| September 2026 | $657,528 | −0.3% | $366,157 |
Current value of a Bellingham home bought in any year
This estimate uses an index for a typical home; it is not an appraisal.
A year's figure averages twelve monthly index values, and the value now is the one for September 2026. More options: the home appreciation calculator.
Considering a sale? Use Realtor.com to compare local agents. Advertising disclosure: links like this one may pay the site, which never changes a number. Disclosure.
Bellingham housing market forecast
For the Bellingham, WA metro, Zillow's forecast gives +0.9% across the 12 months starting September 2026, plus +0.5% over the next three months. With Bellingham's typical value at $657,528, the forecast points to about $663,400 one year from now.
Zillow's central estimate for the metro appears here; the site does not publish its own forecast. Such 12-month forecasts have usually differed from the realised change by several percentage points, either above or below it. This is not investment advice.
Metro forecasts for every metro in one table: housing market forecast.
Bellingham housing market crash risk score
High: 76 of 100
Bellingham's position among the 292 cities uses five conditions that were high before earlier price falls. Each input receives a position from 0 to 100 compared with other cities. Averaging gives the five positions equal weight. It shows current conditions, not a prediction of a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +19.5% | 69 | 20% |
| Time on the market vs 2019 | +7.5% | 57 | 20% |
| Price-to-rent ratio | 28.7 | 91 | 20% |
| Price-to-income ratio | 8.9 | 93 | 20% |
| 12-month price change | −0.3% | 68 | 20% |
This is not investment advice. The methodology explains how inputs are scored. All 292 cities ranked: city crash risks.
In Bellingham: inventory and days on market
For September 2026 the Bellingham, WA metro listed 1,004 homes for sale, +9.4% compared with a year earlier and +19.5% versus the same month of 2019. The median time to sell a listing was 57 days, up 7.5% against 2019, while 19.7% of listings received a price cut.
| Bellingham, WA metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 1,004 | +9.4% |
| New listings | 264 | |
| Median days on market | 57 | −3.4% |
| Median list price | $645,000 | −4.2% |
| Share with a price cut | 19.7% |
Metro inventory from Realtor.com® Economic Research. Realtor.com data. See days on market by city for every metro.
Rent and living expenses in Bellingham
Bellingham's typical asking rent is $1,908 a month according to the Zillow Observed Rent Index, up +2.7% over a year. At that rent rate, a typical home costs 28.7 years of rent. Census ACS 2024 reports median household income of $74,220, which puts the typical home at 8.9 times annual income. BEA reports metro prices at 103.3 compared with a US average of 100, along with housing costs at 112.9.
More housing markets across Washington
- Seattle housing market $822,572.
- Spokane $392,803
- Tacoma housing market $482,647.
- Vancouver housing market $498,160.
- Bellevue housing market $1,386,450.
- Yakima housing market $358,493.
- Olympia housing market $526,205.
For the state as a whole: Washington housing market.
How to read this chart
Every point shows the Zillow Home Value Index for Bellingham: the worth of a typical home in the market's middle third, smoothed and adjusted for seasons, in dollars of the month. An open dot shows the selected month on the slider, while a terracotta dot marks the most recent month. These figures do not account for inflation, and the index represents a typical home rather than any one property. Use the card above or the home appreciation calculator to estimate a single home's value from its sale price.