Home Values

98225 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$290,300

  • 2.9% 1-year change
  • 0.8% 1-year forecast

The median home value in 98225 is $290,300. 98225 home values have gone up 2.9% over the past year and Zillow predicts they will rise 0.8% within the next year. The median rent price in 98225 is $875, which is lower than the Bellingham median of $925.

Foreclosures will be a factor impacting home values in the next several years. In 98225 2.4 homes are foreclosed (per 10,000). This is greater than the Bellingham value of 0.9 and also lower than the national value of 3.8

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 98225 homeowners underwater on their mortgage is 10.3%, which is higher than Bellingham at 9.7%.

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Relative ZHVI
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98225 Market Overview

Data through Jun 30, 2015
  • $290,300 ZHVI
  • 0.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $274,100 Median sale price
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98225 Market Health

Data through Jun 30, 2015
  • 6.5/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.3% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

2 98225
1 Bellingham
4 United States
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Nearby Zip Codes

Name Median ZHVI
98262 $367,700
98232 $330,600
98240 $305,600
Name Median ZHVI
98221 $294,300
98226 $289,400
98229 $284,100
Name Median ZHVI
98247 $264,600
98248 $261,800
98264 $253,000

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $214 Median sale price / sq ft
  • No data Listings with price cut
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98225 Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,404 98225
    $1,451 Bellingham
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $875 Rent list price
  • $1.14 Rent list price / sq ft
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