ZIP 98281

ZIP 98281 is in the Bellingham, WA market. Market numbers below; the ZIP's rank is on the map.

Median cap rate

: 2.5%.

Median IRR

: 5.4%.

Median list price

: $735,000.

Appreciation

: 5.0%/yr .

Rent growth

: 4.0%/yr .

Sources: FHFA House Price Index® (developmental annual index), U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public listings under system-default underwriting, updated September 2026.