Bellingham, WA Housing Market: Home Prices & Rent
Bellingham, WA home values since 2000
Last few years
Rent in Bellingham, WA
Owning vs renting, monthly
Buying the typical Bellingham, WA home with 20% down at this week's 7.32% 30-year rate costs about $4,099/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,951/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Bellingham, WA vs Washington vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $608k | +0.3% | $1,951/mo |
| Washington | $588k | -0.5% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Bellingham, WA?
No - the typical Bellingham, WA-area home value is up 0.3% over the past 12 months, at $608k (September 2026).
Is the Bellingham, WA housing market crashing?
Home values are close to their 2020s high and up 0.3% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Bellingham, WA?
Typical rent in the Bellingham, WA metro is $1,951 a month (September 2026), +2.9% over 12 months.
How much income do you need to buy a home in Bellingham, WA?
About $158k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Seattle, WA · Spokane, WA · Olympia, WA · Flagstaff, AZ · Riverside, CA · Sacramento, CA · Washington, VA
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Bellingham, WA metro area. How we calculate.