Home Values

98226 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

$298,900

  • 3.2% 1-year change
  • 1.3% 1-year forecast

The median home value in 98226 is $298,900. 98226 home values have gone up 3.2% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in 98226 is $174, which is higher than the Bellingham Metro average of $165. The median price of homes currently listed in 98226 is $320,000 while the median price of homes that sold is $268,550.

Foreclosures will be a factor impacting home values in the next several years. In 98226 4.8 homes are foreclosed (per 10,000). This is the same as the Bellingham Metro value of 4.8 and also greater than the national value of 4.2

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 98226 is 4.2%, 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 98226 homeowners underwater on their mortgage is 10.6%, which is lower than Bellingham Metro at 12.0%.

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Relative ZHVI
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98226 Market Overview

Data through Nov 30, 2014
  • $298,900 ZHVI
  • 1.3% 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
    (Nov 30, 2015)
  • $320,000 Median listing price
  • $268,550 Median sale price
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98226 Market Health

Data through Nov 30, 2014
  • 4.2/10 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.
  • No data Average days on Zillow
  • 10.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.8 homes 98226
4.8 homes Bellingham Metro
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
98232 $354,100
98262 $344,200
98240 $322,100
Name Median ZHVI
98229 $301,300
98247 $285,800
98225 $285,500
Name Median ZHVI
98248 $280,700
98264 $266,900
98295 $213,300

Listings & Sales

Data through Nov 30, 2014
  • $174 Median list price / sq ft
  • $170 Median sale price / sq ft
  • No data Listings with price cut
22.0%
Sold below listing
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98226 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,497 98226
    $1,399 Bellingham Metro
    $1,342 United States

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

  • 4.7 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 data Rent list price
  • $1.08 Rent list price / sq ft
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