Zip Code: 98229 (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 98229 Zip Code (Bellingham, Washington) in February 2026 was $2,207.405. The month over month percentage change (MoM) was -1.06%, and the year over year percentage change (YoY) was 2.30%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 98229 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 98229 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: 98229 (Bellingham, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 98229 (Bellingham, Washington) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) 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 0 NaN NaN
Dec 2020 0 NaN NaN
Jan 2021 0 NaN NaN
Feb 2021 0 NaN NaN
Mar 2021 0 NaN NaN
Apr 2021 0 NaN NaN
May 2021 0 NaN NaN
Jun 2021 0 NaN NaN
Jul 2021 0 NaN NaN
Aug 2021 0 NaN NaN
Sep 2021 0 NaN NaN
Oct 2021 0 NaN NaN
Nov 2021 1876.7702209962554 Infinity Infinity
Dec 2021 1918.6544231276114 2.23 Infinity
Jan 2022 1891.4389744523671 -1.42 Infinity
Feb 2022 1874.0640476214987 -0.92 Infinity
Mar 2022 1864.2067115803818 -0.53 Infinity
Apr 2022 1872.6925930617545 0.46 Infinity
May 2022 1919.3756945853347 2.49 Infinity
Jun 2022 1923.8793108940856 0.24 Infinity
Jul 2022 1947.5928220163742 1.23 Infinity
Aug 2022 1927.7557701357389 -1.02 Infinity
Sep 2022 1927.451506467719 -0.02 Infinity
Oct 2022 1913.7381361134826 -0.71 Infinity
Nov 2022 1961.3084658590267 2.49 4.50
Dec 2022 1974.8526245703108 0.69 2.93
Jan 2023 2002.087983575201 1.38 5.85
Feb 2023 1968.6722681744607 -1.67 5.05
Mar 2023 1970.8700840446802 0.11 5.72
Apr 2023 2001.935351979794 1.58 6.90
May 2023 2011.7185410165284 0.49 4.81
Jun 2023 2025.199531672511 0.67 5.27
Jul 2023 2020.4672866301776 -0.23 3.74
Aug 2023 2046.9829138534958 1.31 6.19
Sep 2023 2069.9004818600565 1.12 7.39
Oct 2023 2071.826623022142 0.09 8.26
Nov 2023 2064.8102638574123 -0.34 5.28
Dec 2023 2053.870614827814 -0.53 4.00
Jan 2024 2075.3810731619856 1.05 3.66
Feb 2024 2083.033053229695 0.37 5.81
Mar 2024 2081.4145237381567 -0.08 5.61
Apr 2024 2075.5313809014556 -0.28 3.68
May 2024 2071.9014436235184 -0.17 2.99
Jun 2024 2087.719664722349 0.76 3.09
Jul 2024 2097.281962180755 0.46 3.80
Aug 2024 2122.610031684144 1.21 3.70
Sep 2024 2117.722790385353 -0.23 2.31
Oct 2024 2148.8120299723228 1.47 3.72
Nov 2024 2106.7633797633744 -1.96 2.03
Dec 2024 2143.381688139019 1.74 4.36
Jan 2025 2106.976224168389 -1.70 1.52
Feb 2025 2157.684914206251 2.41 3.58
Mar 2025 2178.168317190729 0.95 4.65
Apr 2025 2183.234502431082 0.23 5.19
May 2025 2188.7176987489 0.25 5.64
Jun 2025 2185.5203099760165 -0.15 4.68
Jul 2025 2191.6475561949383 0.28 4.50
Aug 2025 2178.6108371608875 -0.59 2.64
Sep 2025 2186.2915199271097 0.35 3.24
Oct 2025 2178.480681262762 -0.36 1.38
Nov 2025 2217.534674341354 1.79 5.26
Dec 2025 2205.0455561322397 -0.56 2.88
Jan 2026 2231.0673084639443 1.18 5.89
Feb 2026 2207.404761904762 -1.06 2.30