How much is a home worth in ZIP code 98264?

The typical home in 98264 is worth $624,041, based on the Zillow Home Value Index.

Are home values rising in 98264?

Home values in 98264 are up 2.3% over the past year, and up 5.0% a year over five years.

What is the typical rent in 98264?

A typical home in 98264 rents for about $1,991 a month, a gross rental yield of 3.8%.

What is the property tax rate in 98264?

The effective property tax rate in 98264 is 0.7% — roughly $4,140 a year on a typical home.

ZIP code 98264 has a population of 23,123 and a median household income of $103,638.

HousingHandbookReference data

…

U.S. ZIP Code · WA98264

Whatcom County · Bellingham, WA

Typical home value

$624,041^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.3%
5-year / yr: +5.0%
10-year / yr: +7.4%

Relative price

vs U.S.: +119.7%
vs metro: +8.7%
vs state: +24.0%

Price history

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

The typical home in 98264 is worth $624,041 — 8.7% above the Bellingham, WA median. Over the past year, values have risen 2.3%. Homes here rent for a typical $1,991 a month — a 3.8% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,991^[2]
Gross yield: 3.8%^[2]
Cap rate: 2.3%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $4,140^[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: 23,123^[3]
Median household income: $103,638^[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: 9
Elementary: 3
Middle: 2
High: 2

Lynden High School
High · Grades 9–12 · Lynden School District
968 students
Lynden Middle School
Middle · Grades 6–8 · Lynden School District
705 students
Fisher Elementary School
Elementary · Grades K–5 · Lynden School District
518 students
Vossbeck Elementary School
Elementary · Grades K–5 · Lynden School District
479 students
Isom Elementary School
Elementary · Grades K–5 · Lynden School District
414 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 yield3.8%

Net yield (after ~40% expenses)2.3%

Annual rent$23,894

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$3,155

Loan principal$499,232

Down payment$124,808

Total interest paid$636,743

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 ratio2.02

Monthly cost to own$4,019

Monthly rent$1,991

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: 93rd percentile^[1]
Rental yield: 57th percentile^[2]
Property tax: 40th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98264?: The typical home in 98264 is worth $624,041, based on the Zillow Home Value Index.
Are home values rising in 98264?: Home values in 98264 are up 2.3% over the past year, and up 5.0% a year over five years.
What is the typical rent in 98264?: A typical home in 98264 rents for about $1,991 a month, a gross rental yield of 3.8%.
What is the property tax rate in 98264?: The effective property tax rate in 98264 is 0.7% — roughly $4,140 a year on a typical home.
Who lives in 98264?: ZIP code 98264 has a population of 23,123 and a median household income of $103,638.

#Comparable ZIPs

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

98248 vs 98264 →
Ferndale, WA
Typical home
$620,457
Gross yield
3.9%
98247 vs 98264 →
Deming CDP, WA
Typical home
$609,523
Gross yield
3.8%
98262
WA
Typical home
$645,985
Gross yield
—
98226
Bellingham, WA
Typical home
$646,844
Gross yield
3.8%
98240
Custer CDP, WA
Typical home
$661,382
Gross yield
—
98225
Bellingham, WA
Typical home
$671,153
Gross yield
3.7%

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#Jump to section

U.S. ZIP Code · WA98264

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