Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Bellingham, Washington Home Affordability

The data below measures home affordability for the Bellingham, Washington metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Bellingham home affordability to other cities.

Bellingham, Washington Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Bellingham HPI series. Median household income data for Bellingham is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Bellingham, Washington Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 140.6
September 2013 141.1
June 2013 137.9
March 2013 136.6
December 2012 137.3
September 2012 136.0
June 2012 133.1
March 2012 134.2

Bellingham, Washington Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Bellingham median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Bellingham, Washington Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 129.5
September 2013 130.0
June 2013 127.0
March 2013 125.8
December 2012 126.4
September 2012 125.3
June 2012 122.6
March 2012 123.6

Bellingham, Washington Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Bellingham, Washington and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Bellingham, Washington Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $259,956
January 2014 $255,992
December 2013 $255,090
November 2013 $261,194
October 2013 $263,382
September 2013 $254,193
August 2013 $255,090
July 2013 $257,810
June 2013 $267,197
May 2013 $285,066
April 2013 $288,274
March 2013 $284,008
February 2013 $285,420

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data.