Bellingham, WA

Bellingham, WA real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.

Appreciation

: 5.0%/yr.

Rent growth

: 4.0%/yr.

Median cap rate

: 2.5%.

Median IRR

: 5.4%.

Median rental home value

: $672,900.

Median rental rate

: $1,555/mo.

Median property tax

: $4,087/yr.

Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated October 2026.

Browse analyzed properties in Bellingham, WA →

Top listings right now

1417 N Garden St, Bellingham, WA 98225 $519,000· 4 bd· 1.5 ba
1152 Ellis St, Bellingham, WA 98225 $530,000· 4 bd· 1 ba
794 West Rd, Sedro Woolley, WA 98284 $489,000· 3 bd· 2 ba
41 Marigold Dr, Bellingham, WA 98229 $508,000· 4 bd· 2.5 ba
2313 Moore St, Bellingham, WA 98229 $494,000· 4 bd· 1.5 ba
3046 Glenhaven Dr, Sedro Woolley, WA 98284 $540,000· 3 bd· 1 ba
460 Lakeside Dr, Sedro Woolley, WA 98284 $539,000· 3 bd· 2 ba
4244 Archer Dr, Bellingham, WA 98226 $475,000· 3 bd· 2.5 ba
502 E Grover St, Lynden, WA 98264 $475,000· 3 bd· 1 ba
2375 Nicholas Dr, Ferndale, WA 98248 $499,000· 4 bd· 1 ba

ZIP codes in Bellingham, WA

Rental market data for every ZIP code in this metro area.