Home Values

98284 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

$198,900

  • 8.0% 1-year change
  • 2.2% 1-year forecast

The median home value in 98284 is $198,900. 98284 home values have gone up 8.0% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in 98284 is $135, which is lower than the Bellingham Metro average of $164. The median price of homes currently listed in 98284 is $195,000 while the median price of homes that sold is $213,643. The median rent price in 98284 is $1,195, which is higher than the Bellingham Metro median of $975.

Foreclosures will be a factor impacting home values in the next several years. In 98284 4.7 homes are foreclosed (per 10,000). This is greater than the Bellingham Metro value of 3.7 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 98284 is 5.6%, which is lower than the national value of 6.4%. 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 98284 homeowners underwater on their mortgage is 23.9%, which is higher than Bellingham Metro at 12.0%.

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Relative ZHVI
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98284 Market Overview

Data through Jan 31, 2015
  • $198,900 ZHVI
  • 2.2% 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
    (Jan 31, 2016)
  • $195,000 Median listing price
  • $213,643 Median sale price
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98284 Market Health

Data through Jan 31, 2015
  • 1.9/10 Less 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 23.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.7 homes 98284
3.7 homes Bellingham Metro
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
98232 $360,400
98292 $325,000
98229 $306,900
Name Median ZHVI
98223 $282,000
98274 $249,100
98244 $221,400
Name Median ZHVI
98273 $216,900
98233 $213,700
98237 $131,900

Listings & Sales

Data through Jan 31, 2015
  • $135 Median list price / sq ft
  • $141 Median sale price / sq ft
  • No data Listings with price cut
29.3%
Sold below listing
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98284 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,264 98284
    $1,413 Bellingham Metro
    $1,350 United States

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

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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