LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,954
Monthly Cash Flow
-$1,678
Principal + Equity
$4,936
Annual Total Gain
$39,088
Cash on Cash
-12.11%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Live in Washington
#143out of 489 markets
Best Places to Retire in Washington
#59out of 284 markets
Places with the Best Public Schools in Washington
#49out of 286 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Bellingham, WA.
In Bellingham, WA, Short Term Rentals (STRs) are regulated by the city's zoning code and licensing requirements. Here are some key regulations that an investor should be aware of before purchasing a property for STR use in Bellingham:
1. Zoning Restrictions: Bellingham has specific zoning regulations that dictate where STRs are allowed to operate. It is important for investors to check the zoning of the property they are interested in to ensure that it is located in a zone that permits STRs.
2. Licensing Requirements: In order to operate a STR in Bellingham, property owners must obtain a Short Term Rental License from the city. This license must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the license.
3. Occupancy Limits: Bellingham has occupancy limits for STRs, which vary depending on the zoning district. Investors should be aware of these limits and ensure that they comply with them when renting out their property.
4. Noise and Nuisance Regulations: Bellingham has regulations in place to address noise and nuisance issues related to STRs. Property owners are responsible for ensuring that their guests comply with these regulations and are not causing disturbances to neighbors.
5. Taxes and Fees: Property owners who operate STRs in Bellingham are required to collect and remit lodging taxes to the city. There may also be additional fees associated with obtaining a Short Term Rental License.
6. Homeowner's Association Rules: If the property is located in a neighborhood with a homeowner's association, investors should also be aware of any rules or restrictions that the HOA may have regarding STRs.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a Short Term Rental in Bellingham before purchasing a property for this purpose. Failure to comply with these regulations could result in fines or other penalties, so it is important to be informed and proactive in ensuring compliance.
Market Trends Over Time
Explore 25 years of market data for Bellingham, WA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Bellingham, WA.
The LTR Genie Score of Bellingham, WA is 61 and STR Genie Score is 73, indicating a moderate and high rating respectively. The LTR Rentability is low, which may be contributing to the lower LTR Genie Score. However, the LTR Net ROI of 23.51% is quite attractive, suggesting that while rentability may be low, the return on investment is still favorable. On the other hand, the STR Genie Score is higher, likely due to the STR Net ROI of 28.26% and the STR Occupancy rate of 70.0%.
Bellingham, WA is a growing city located in the Pacific Northwest, known for its beautiful scenery, outdoor activities, and proximity to the Canadian border. The city has a strong rental market, with a mix of students from Western Washington University and young professionals contributing to the demand for both long-term and short-term rentals.
Based on the metrics provided, Bellingham, WA appears to be a more attractive market for short-term rental investment. The higher STR Genie Score, STR Net ROI, and occupancy rate suggest that short-term rentals may yield better returns compared to long-term rentals in this market. However, investors should consider the 1-Year Price Appreciation Forecast of 1.0% when making their decision. Ultimately, a diversified portfolio that includes both long-term and short-term rentals may be a prudent strategy in Bellingham, WA.
LTR Genie Score 93
$299,900
🛏 2 Beds🛁 2.0000 Baths🏙 1,652 sqft.🏠 SINGLE FAMILY
