98248 — Ferndale, WA Home Values
Typical home value $625,885 as of June 2026 · 8th of 16 in Bellingham, WA
Blue: typical home value (Zillow ZHVI) in ZIP code 98248, June 2021 to June 2026. This page shows observed data only; no forecast.
How 98248 compares in the Bellingham, WA area
ZIP code 98248 (Ferndale, WA) has a typical home value of $625,885 as of June 2026, ranking 8th of 16 ZIP codes tracked in the Bellingham, WA area, more expensive than about 56% of ZIP codes in the metro. Prices here have moved +0.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +18.0%, from $530,547 in June 2021 to $625,885 in June 2026. Against observed rent, the typical home here sells for 26× the annual rent ($2,007/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 98248 has a population of 28,061, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 75.7% White, 10.2% Hispanic or Latino, 6.3% Asian, 4.4% two or more races, 1.6% American Indian or Alaska Native, 1.1% another race, 0.4% Black or African American, and 0.2% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Cascadia Elementary | 6175 Church Rd, Ferndale, WA | 0.2 mi |
| Eagleridge Elementary | 2651 Thornton Road, Ferndale, WA | 0.3 mi |
| Horizon Middle School | 2671 Thornton Road, Ferndale, WA | 0.3 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 98248?
$625,885 as of June 2026, the latest month Zillow has published observed data for.
Is 98248 an expensive ZIP code in the Bellingham, WA area?
98248 ranks 8th of 16 ZIP codes in the Bellingham, WA area by typical home value, more expensive than about 56% of ZIP codes in the metro.
How much have home values in 98248 changed over the past year?
+0.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 98248?
The typical home price is 26× the observed annual rent in this ZIP code ($2,007/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 98248?
28,061, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 98248?
Cascadia Elementary (0.2 mi), Eagleridge Elementary (0.3 mi), Horizon Middle School (0.3 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 98248?
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.