34 / 100

Whatcom County, WA

Bellingham

RANK #656 / 996 NAT  ·  #13 / 21 WA  ·  POP 226,523

1YR FORECAST: +1.8%

5YR OUTLOOK: +20%

#49 Best Climate & Terrain
Our model projects Whatcom County's housing market at +1.8% over the next year, underperforming most U.S. counties.

[01] Why Whatcom County?

Whatcom County, Washington, is distinguished by its direct access to both the Salish Sea and the Cascade Mountains, offering a diverse landscape from marine coastlines to alpine environments. Bellingham, the county seat, serves as a cultural and economic hub, home to Western Washington University and known for its waterfront. Other notable towns include Lynden, recognized for its Dutch heritage and agricultural roots, and Blaine, a border town with a maritime focus. The county is located in the northwest corner of Washington, bordering British Columbia, Canada. Commute options within the county include public transit via Whatcom Transportation Authority (WTA) buses, which serve Bellingham, Ferndale, Lynden, Blaine, and other communities, alongside initiatives promoting biking, walking, and carpooling. Outdoor recreation is a significant draw, with opportunities for skiing and snowboarding at Mount Baker, hiking on extensive trails, and water activities along over 100 miles of Salish Sea shoreline.

Life in Whatcom County is characterized by a strong connection to the outdoors and a mix of community types, from the college-town atmosphere of Bellingham to the agricultural areas. Public school districts, such as Bellingham Public Schools, Blaine School District, and Lynden School District, serve families across the county. The economy, historically rooted in timber and agriculture, has diversified. Recent economic developments show growth in sectors like construction and healthcare services. The county is also seeing investment in energy-related infrastructure and the clean-technology sector.

[02] Market Snapshot

Housing Ratio
6.9x

Above national median (4.7x)

GDP Growth
+6.4%

Well above national median

Home Prices
+0.6%

Well below national median

Climate & Terrain
5.3

Favorable climate & terrain

Price/Rent
21x

Prices detached from rents

Housing is fairly valued at 6.9x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Western Washington University Education
    2,500+
  2. 2
    PeaceHealth St. Joseph Medical Center Healthcare
  3. 3
    Lummi Nation Government
    1,000+
  4. 4
    Bellingham Public Schools Education
  5. 5
    City of Bellingham Government
  6. 6
    Whatcom County Government
  7. 7
    BP Cherry Point Refinery Energy
    500+
  8. 8
    Haggen Retail
  9. 9
    Whatcom Community College Education
  10. 10
    LTI, Inc. Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Whatcom County U.S. National

The Numbers

DEMOGRAPHICS
Population
226,523
+0.89% YoY
Median Household Income
$77,581
Median Home Value
$475,000
+0.56% 12mo
Median Rent
$1,370
Average Annual Pay
$65,174
+5.2% YoY
Employment
93,430
+0.2% YoY
Income-to-Home-Value
0.1633
Less affordable than average
Migration Inflow
4.0%
of pop. from another state
Bachelor's Degree+
37.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$622,250
Days on Market
71
Slower market
Months of Supply
3.3
Balanced market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
32.5%
Listings w/ Price Drops
17.8%
Building Permits (2024)
1,190
Single-Family Permits
773

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.3
per 100K · nat avg 6.3
Firearm Fatalities
11.8
per 100K · nat avg 14.8
Injury Deaths
65.3
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B+
AIR QUALITY
GRADE
Median AQI (3yr)
30.3
Good
Good Air Days
91%
944 of 1,035 days
Unhealthy+ Days (3yr)
11
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
28
2022
32
2023
31
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$200M
TOTAL
PROJECT AMOUNT STATUS
Birch Bay Battery Energy Storage Project
NextEra Energy Resources
$100M Planned
Mateo Meadows (Mixed-Use Development)
Habitat for Humanity in Whatcom County
$50M Under Construction
Telegraph Townhomes (Affordable Housing)
Habitat for Humanity in Whatcom County, Kulshan Community Land Trust, Whatcom Community Foundation
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +6.4% 92 percentile
Population Growth +0.9% 68 percentile
Income Growth +10.8% 89 percentile
Vacancy Rate 0.8% 73 percentile
Home Price Change +0.6% 39 percentile
Rent Growth +2.6% 43 percentile
Price/Rent 21x 7 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Whatcom County, WA a good place to move to?

At 34/100, Whatcom County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $77,581 combined with job growth of +0.2% suggests the local economy is struggling to keep pace with national trends.

Is Whatcom County affordable?

Whatcom County leans toward the expensive side. A median home value of $475,000 against an income-to-home-value ratio of 0.16 means housing eats a bigger share of local earnings than the national norm. Renters face $1,370/month on average.

Is Whatcom County growing or shrinking?

Whatcom County's population is growing — up +0.9% YoY — while the job market is roughly flat (employment change of +0.2%). Home values shifted +0.6% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Whatcom County?

There's a moderate stream of newcomers. About 4.0% of residents moved from another state, which is above average and suggests Whatcom County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Snohomish County, WA 34 Grant County, WA 34 Thurston County, WA 32 Clark County, WA 32 Lewis County, WA 37 Walla Walla County, WA 31 Pueblo County, CO 34 Smith County, TX 35