98229 — Bellingham, WA Home Values
Typical home value $704,443 as of June 2026 · 1st of 16 in Bellingham, WA
Blue: typical home value (Zillow ZHVI) in ZIP code 98229, June 2021 to June 2026. This page shows observed data only; no forecast.
How 98229 compares in the Bellingham, WA area
ZIP code 98229 (Bellingham, WA) has a typical home value of $704,443 as of June 2026, ranking 1st of 16 ZIP codes tracked in the Bellingham, WA area, the most expensive ZIP code in the metro. Prices here have moved -0.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +16.8%, from $603,052 in June 2021 to $704,443 in June 2026. Against observed rent, the typical home here sells for 27× the annual rent ($2,172/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Bellingham, WA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Bellingham.
Population and demographics
ZIP code 98229 has a population of 33,919, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 77.8% White, 10.3% Hispanic or Latino, 7.5% two or more races, 3% Asian, 0.8% Black or African American, 0.5% American Indian or Alaska Native, 0.1% Native Hawaiian or Pacific Islander, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Wade King Elementary School | 2155 Yew Street Rd, Bellingham, WA | 2.1 mi |
| Geneva Elementary School | 1401 Geneva St, Bellingham, WA | 2.9 mi |
| Kulshan Middle School | 1250 Kenoyer Dr, Bellingham, WA | 3.1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 98229?
$704,443 as of June 2026, the latest month Zillow has published observed data for.
Is 98229 an expensive ZIP code in the Bellingham, WA area?
98229 ranks 1st of 16 ZIP codes in the Bellingham, WA area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 98229 changed over the past year?
-0.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 98229?
The typical home price is 27× the observed annual rent in this ZIP code ($2,172/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 98229?
33,919, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 98229?
Wade King Elementary School (2.1 mi), Geneva Elementary School (2.9 mi), Kulshan Middle School (3.1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 98229?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Bellingham, WA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.