Zip Code: 98225 (Bellingham, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily in the 98225 Zip Code (Bellingham, Washington) in February 2026 was $1,819.827. The month over month percentage change (MoM) was 0.45%, and the year over year percentage change (YoY) was 2.57%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 98225 zip code (Bellingham, Washington). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 98225 zip code (Bellingham, Washington).

You can see similar information for other Washington zip codes.

Note: Zillow Observed Rent Index (ZORI) is a smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just homes currently listed for-rent.

Data Source: Zillow.
Zip Code: 98225 (Bellingham, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 98225 (Bellingham, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 0 NaN NaN
Feb 2015 0 NaN NaN
Mar 2015 0 NaN NaN
Apr 2015 0 NaN NaN
May 2015 0 NaN NaN
Jun 2015 0 NaN NaN
Jul 2015 0 NaN NaN
Aug 2015 0 NaN NaN
Sep 2015 0 NaN NaN
Oct 2015 0 NaN NaN
Nov 2015 0 NaN NaN
Dec 2015 0 NaN NaN
Jan 2016 0 NaN NaN
Feb 2016 0 NaN NaN
Mar 2016 0 NaN NaN
Apr 2016 0 NaN NaN
May 2016 0 NaN NaN
Jun 2016 0 NaN NaN
Jul 2016 0 NaN NaN
Aug 2016 0 NaN NaN
Sep 2016 0 NaN NaN
Oct 2016 0 NaN NaN
Nov 2016 0 NaN NaN
Dec 2016 0 NaN NaN
Jan 2017 0 NaN NaN
Feb 2017 0 NaN NaN
Mar 2017 0 NaN NaN
Apr 2017 0 NaN NaN
May 2017 0 NaN NaN
Jun 2017 0 NaN NaN
Jul 2017 0 NaN NaN
Aug 2017 0 NaN NaN
Sep 2017 0 NaN NaN
Oct 2017 0 NaN NaN
Nov 2017 0 NaN NaN
Dec 2017 0 NaN NaN
Jan 2018 0 NaN NaN
Feb 2018 0 NaN NaN
Mar 2018 0 NaN NaN
Apr 2018 0 NaN NaN
May 2018 0 NaN NaN
Jun 2018 0 NaN NaN
Jul 2018 0 NaN NaN
Aug 2018 0 NaN NaN
Sep 2018 0 NaN NaN
Oct 2018 0 NaN NaN
Nov 2018 0 NaN NaN
Dec 2018 0 NaN NaN
Jan 2019 0 NaN NaN
Feb 2019 0 NaN NaN
Mar 2019 0 NaN NaN
Apr 2019 0 NaN NaN
May 2019 0 NaN NaN
Jun 2019 0 NaN NaN
Jul 2019 0 NaN NaN
Aug 2019 0 NaN NaN
Sep 2019 0 NaN NaN
Oct 2019 0 NaN NaN
Nov 2019 0 NaN NaN
Dec 2019 0 NaN NaN
Jan 2020 0 NaN NaN
Feb 2020 0 NaN NaN
Mar 2020 0 NaN NaN
Apr 2020 0 NaN NaN
May 2020 0 NaN NaN
Jun 2020 0 NaN NaN
Jul 2020 0 NaN NaN
Aug 2020 0 NaN NaN
Sep 2020 0 NaN NaN
Oct 2020 0 NaN NaN
Nov 2020 1316.7820834169597 Infinity Infinity
Dec 2020 1333.2973335965341 1.25 Infinity
Jan 2021 1367.1513809145233 2.54 Infinity
Feb 2021 1338.3551936607244 -2.11 Infinity
Mar 2021 1345.8915911515774 0.56 Infinity
Apr 2021 1346.8067567709422 0.07 Infinity
May 2021 1382.6313392124305 2.66 Infinity
Jun 2021 1396.1327742719286 0.98 Infinity
Jul 2021 1413.9533138265715 1.28 Infinity
Aug 2021 1433.1803703960145 1.36 Infinity
Sep 2021 1456.667756076713 1.64 Infinity
Oct 2021 1471.1701698641377 1.00 Infinity
Nov 2021 1480.3369581570973 0.62 12.42
Dec 2021 1488.0832816371392 0.52 11.61
Jan 2022 1492.1633287054553 0.27 9.14
Feb 2022 1521.5563532213964 1.97 13.69
Mar 2022 1537.2260869072234 1.03 14.22
Apr 2022 1561.840079305152 1.60 15.97
May 2022 1561.3869960483125 -0.03 12.93
Jun 2022 1582.3956962097664 1.35 13.34
Jul 2022 1601.0493707182302 1.18 13.23
Aug 2022 1620.0233317247778 1.19 13.04
Sep 2022 1632.8981847940943 0.80 12.10
Oct 2022 1639.9795984284692 0.43 11.48
Nov 2022 1638.4105089851446 -0.10 10.68
Dec 2022 1641.41326262021 0.18 10.30
Jan 2023 1651.6791788274481 0.63 10.69
Feb 2023 1661.9067187560054 0.62 9.22
Mar 2023 1669.7383917223835 0.47 8.62
Apr 2023 1670.568224199368 0.05 6.96
May 2023 1679.0855529839268 0.51 7.54
Jun 2023 1686.8510610531519 0.46 6.60
Jul 2023 1685.0983752859615 -0.10 5.25
Aug 2023 1690.2248170671603 0.30 4.33
Sep 2023 1692.8899319056827 0.16 3.67
Oct 2023 1722.1107511036091 1.73 5.01
Nov 2023 1736.010018825199 0.81 5.96
Dec 2023 1741.4962241168348 0.32 6.10
Jan 2024 1724.6522892361215 -0.97 4.42
Feb 2024 1723.027578114123 -0.09 3.68
Mar 2024 1728.274133135858 0.30 3.51
Apr 2024 1730.8191764096198 0.15 3.61
May 2024 1728.2049788019704 -0.15 2.93
Jun 2024 1732.1893686184962 0.23 2.69
Jul 2024 1744.4121060628095 0.71 3.52
Aug 2024 1756.3702781646814 0.69 3.91
Sep 2024 1765.5823881474926 0.52 4.29
Oct 2024 1761.1566498525608 -0.25 2.27
Nov 2024 1760.6344085979324 -0.03 1.42
Dec 2024 1764.5269168355157 0.22 1.32
Jan 2025 1772.1040724968898 0.43 2.75
Feb 2025 1774.1990513166122 0.12 2.97
Mar 2025 1776.1939288281155 0.11 2.77
Apr 2025 1781.4967157450358 0.30 2.93
May 2025 1790.9472233680708 0.53 3.63
Jun 2025 1791.5332741321722 0.03 3.43
Jul 2025 1790.789952765788 -0.04 2.66
Aug 2025 1786.8000340310957 -0.22 1.73
Sep 2025 1787.4309493987946 0.04 1.24
Oct 2025 1786.9264863492992 -0.03 1.46
Nov 2025 1793.2782641376957 0.36 1.85
Dec 2025 1799.2190832772221 0.33 1.97
Jan 2026 1811.670715855664 0.69 2.23
Feb 2026 1819.8265306122448 0.45 2.57