How much is a home worth in ZIP code 98230?

The typical home in 98230 is worth $538,545, based on the Zillow Home Value Index.

Are home values rising in 98230?

Home values in 98230 are down 0.5% over the past year, and up 4.0% a year over five years.

What is the typical rent in 98230?

A typical home in 98230 rents for about $2,336 a month, a gross rental yield of 5.2%.

What is the property tax rate in 98230?

The effective property tax rate in 98230 is 0.6% — roughly $3,428 a year on a typical home.

ZIP code 98230 has a population of 18,744 and a median household income of $86,623.

HousingHandbookReference data

…

U.S. ZIP Code · WA98230

Whatcom County · Bellingham, WA

Typical home value

$538,545^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.5%
5-year / yr: +4.0%
10-year / yr: +7.4%

Relative price

vs U.S.: +89.6%
vs metro: -6.2%
vs state: +7.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 98230 is worth $538,545 — 6.2% below the Bellingham, WA median. Over the past year, values have fallen 0.5%. Homes here rent for a typical $2,336 a month — a 5.2% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,336^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $3,428^[3]

#Climate risk

FEMA National Risk Index ratings for Whatcom County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Moderate
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Moderate
Winter weather: Relatively Moderate

#Who lives here

Population: 18,744^[3]
Median household income: $86,623^[3]

#Migration

Household moves in and out of Whatcom County over a year, from IRS tax-return data.

Net migration: +582^[5]
Moved in: 6,485
Moved out: 5,903

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 3
Middle: 1
High: 1

Blaine High School
High · Grades 9–12 · Blaine School District
589 students
Blaine Elementary School
Elementary · Grades 3–5 · Blaine School District
476 students
Blaine Primary School
Elementary · Grades PK–2 · Blaine School District
452 students
Blaine Middle School
Middle · Grades 6–8 · Blaine School District
451 students
Blaine Home Connection
Elementary · Grades K–8 · Blaine School District
51 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$28,030

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,723

Loan principal$430,836

Down payment$107,709

Total interest paid$549,507

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.48

Monthly cost to own$3,459

Monthly rent$2,336

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 33rd percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 27th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98230?: The typical home in 98230 is worth $538,545, based on the Zillow Home Value Index.
Are home values rising in 98230?: Home values in 98230 are down 0.5% over the past year, and up 4.0% a year over five years.
What is the typical rent in 98230?: A typical home in 98230 rents for about $2,336 a month, a gross rental yield of 5.2%.
What is the property tax rate in 98230?: The effective property tax rate in 98230 is 0.6% — roughly $3,428 a year on a typical home.
Who lives in 98230?: ZIP code 98230 has a population of 18,744 and a median household income of $86,623.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

98276 vs 98230 →
Nooksack, WA
Typical home
$516,272
Gross yield
—
98220 vs 98230 →
Acme CDP, WA
Typical home
$497,686
Gross yield
—
98247
Deming CDP, WA
Typical home
$609,523
Gross yield
3.8%
98248
Ferndale, WA
Typical home
$620,457
Gross yield
3.9%
98295
Sumas, WA
Typical home
$456,550
Gross yield
4.3%
98264
Lynden, WA
Typical home
$624,041
Gross yield
3.8%

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Pit ZIP 98230 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98230

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