HousingHandbookReference data

U.S. ZIP Code · WA98283

Whatcom County · Bellingham, WA

Typical home value

$420,517[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.9%
5-year / yr
+4.5%
10-year / yr
+9.3%

Relative price

vs U.S.
+48.0%
vs metro
-26.7%
vs state
-16.4%
ZIP 98283 location in WA
Location of ZIP 98283 in WA

Price history

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

The typical home in 98283 is worth $420,517 — 26.7% below the Bellingham, WA median. Over the past year, values have risen 0.9%. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$4,308[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
442[3]
Median household income
$72,237[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

Run the numbers

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

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$2,126
Loan principal$336,414
Down payment$84,103
Total interest paid$429,077

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.

Own : rent ratio
Monthly cost to own$2,834
Monthly rent

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
80th percentile[1]
Rental yield
[2]
Property tax
100th percentile[3]

Frequently asked

How much is a home worth in ZIP code 98283?
The typical home in 98283 is worth $420,517, based on the Zillow Home Value Index.
Are home values rising in 98283?
Home values in 98283 are up 0.9% over the past year, and up 4.5% a year over five years.
What is the property tax rate in 98283?
The effective property tax rate in 98283 is 1.0% — roughly $4,308 a year on a typical home.
Who lives in 98283?
ZIP code 98283 has a population of 442 and a median household income of $72,237.

#Comparable ZIPs

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

  • Point Roberts CDP, WA

    Typical home
    $400,058
    Gross yield
  • Peaceful Valley CDP, WA

    Typical home
    $386,800
    Gross yield
  • Sumas, WA

    Typical home
    $456,550
    Gross yield
    4.3%
  • Acme CDP, WA

    Typical home
    $497,686
    Gross yield
  • Kendall CDP, WA

    Typical home
    $331,199
    Gross yield
  • Nooksack, WA

    Typical home
    $516,272
    Gross yield

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