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With rent skyrocketing nationwide in recent years, many people are looking for more affordable areas for their next rental. Finding affordable housing can be a challenge, but new trends in Bellingham, WA are showing some hope for renters in the city.
In October 2022, rental costs in Bellingham’s ZIP code area 98225 actually decreased from $1,850 to $1,600 according to RentHub. While this is still an 18% increase year-over-year, this area of the city may be showing promise for Bellingham renters looking for more affordable options in this Washington city.
Surrounding areas, such as the 98226 and 98229 ZIP codes are still seeing increases month-over-month, and have larger increases in price compared to 2021. For example, the 98229 ZiP code has increased 20% year-over-year with a new median rent of $1,800. Looking across time, the 98225 ZIP code remains significantly cheaper than the neighboring 98226 area, with average rent prices sitting around $300 lower from 2020 until now.
The 98225 ZIP code comprises the west half of Bellingham, and includes neighborhoods such as Fairhaven, Happy Valley, Sehome, and Cornwall Park. For renters looking for a bargain in Bellingham, these neighborhoods may be a good place to start.
Overall, the average rent for studio apartments in Bellingham decreased by 7% this month, and rent for one-bedroom apartments increased by 3%. In October, median rent for a one-bedroom apartment throughout Bellingham ranged from $1,295 to $1,325.
Elly Johnson stands at the forefront of content research and online branding at Utopia Management. As the Content Marketing Manager, she delves deep into understanding local real estate and rental markets, fueled by her passion for travel and keen research skills. Elly is dedicated to empowering individuals with the knowledge they need to make informed decisions about where to reside. A proud alumna of the University of South Florida, located in the vibrant heart of Tampa Bay, she holds a Bachelor of Arts in Psychology. Her academic background and extensive travel experiences uniquely position her to provide insights that resonate with diverse audiences.
Utopia Property Management's exceptional service and unwavering commitment to tenant happiness have made my renting experience truly exceptional. Their proactive approach to maintenance, coupled with their genuine care for our well-being, sets them apart as a leader in property management. The friendly and approachable staff make every interaction a pleasure.
Their team is courteous, responsive, and dedicated to maintaining properties to the highest standards. Their online platform has made everything effortless.
Utopia Property Management has redefined the concept of property management through their impeccable attention to detail and unwavering commitment to tenant well-being. From beautifully landscaped grounds to carefully maintained properties, their dedication is evident at every corner. The friendly and approachable nature of the staff makes living here an absolute pleasure and I couldn't be more grateful to be a part of this exceptional community.
Every facet of Utopia Property Management's services demonstrates their dedication to ensuring tenant satisfaction. Every contact displays their constant commitment to fostering a peaceful living environment, from immaculately kept houses to accommodating employees. Renting from Utopia means getting more than just a roof over your head; it means getting first-rate care and service.
Your presence here indicates your desire to begin a journey. We're excited to know you and be your companions on this path.
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