98225, Bellingham, WA

The Bellingham, WA 98225 zip code has a population of around 54,000 people and is located in the northwestern part of the state. The median home value in this zip code is $269,900 which is about average for the area. The percentage of homes that are owner-occupied is around 69% which is higher than the national average of 63%. There are also a lot of homes that are rented out which makes up around 30% of all housing units.

Home equity in Bellingham, WA has been on an upswing over the past few years. In 2016, home equity was at its highest point since 2007 when it was worth $291,100. This increase can likely be attributed to low interest rates and strong economic growth in the area. Currently, home equity is worth $283,200 which indicates that there has been some slight cooling off in prices since last year. However, it's still above where it was before the recession so overall homeownership and equity levels have continued to rise in this area.