Bellingham appreciation rates and housing market information

Bellingham housing market information

With a population of 66,815, 29,425 total housing units (homes and apartments), and a median house value of $354,230, real estate costs in Bellingham are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

single-family detached homes are the single most common housing type in Bellingham, accounting for 50.25% of the city's housing units. Other types of housing that are prevalent in Bellingham include large apartment complexes or high rise apartments (30.76%), duplexes, homes converted to apartments, or other small apartment buildings (11.81%), row houses and other attached homes (4.37%), and a few mobile homes or trailers (2.77%).

People in Bellingham primarily live in small (one, two, or no bedroom) single-family detached homes. Bellingham has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Bellingham built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bellingham built from 1939 and earlier (22.27%). A lesser amount of the housing stock also hails from 1940-1969 (20.98%), and some were built from 1995 and later (20.98%).

Bellingham home appreciation rates

In the last 10 years, Bellingham has experienced some of the highest home appreciation rates of any community in the nation. Bellingham real estate appreciated 125.04% over the last ten years, which is an average annual home appreciation rate of 12.50%, putting Bellingham in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bellingham definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Bellingham appreciation rates have trailed the rest of the nation. In the last twelve months, Bellingham's appreciation rate has been -0.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bellingham were at -0.60%, which equates to an annual appreciation rate of -2.40%.

Notably, Bellingham's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Bellingham's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bellingham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bellingham - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Bellingham real estate investment or home purchase decisions.