Bellingham, WA · Washington
Whatcom County
ZIP 98248
228,432 residents1,173 permits TTM$80,989 median HHI16 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$536,100
ACS 5-Year
Cap rate proxy
3.3%
FMR × 0.65 ÷ Home Value
Rent-to-income
21.7%
HUD FMR ÷ ACS HHI
Net migration
+1.88%
IRS SOI
Permits (TTM)
1,173
Census BPS
Climate risk
91.0
FEMA NRI (0–100)
ZIP 98248
Median home value
—
Gross yield
—
Buy Box score
0.1
Section 8 gap
—
Affordability
P/I: 7.5R/I: 30.8%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown16 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 98244 | — | — | — | 0.6 | — |
| 98266 | — | — | — | 0.5 | — |
| 98281 | — | — | — | 0.5 | — |
| 98295 | — | — | — | 0.3 | — |
| 98276 | — | — | — | 0.2 | — |
| 98230 | — | — | — | 0.2 | — |
| 98247 | — | — | — | 0.1 | — |
| 98262 | — | — | — | 0.1 | — |
| 98240 | — | — | — | 0.1 | — |
| 98248 | — | — | — | 0.1 | — |
| 98264 | — | — | — | 0.1 | — |
| 98226 | — | — | — | 0.1 | — |
| 98229 | — | — | — | 0.1 | — |
| 98225 | — | — | — | 0.1 | — |
| 98220 | — | — | — | — | — |
| 98283 | — | — | — | — | — |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
63.5%
Census ACS
Vacancy rate
9.3%
Census ACS
Bachelor's degree +
38.1%
Census ACS
Rent burdened
56.2%
Census ACS (>30% income)
Median age
38.2
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026