Rental market snapshot for Mt. Baker, Bellingham
Mt. Baker rental market summary
The rental market in Mt. Baker, Washington is showing signs of growth. On July 31, 2023, there were 14 new listings, indicating an increase in rental activity. The median rent on July 31, 2023 was $1,679, which is a 1.9% increase from the median rent on June 30, 2023. This is a significant increase from the median rent on July 31, 2022, which was $2,040, representing a 17.7% increase.
Overall, the rental market in Mt. Baker, Washington is showing signs of growth. With an increase in new listings and a steady increase in median rent, it is clear that the rental market is on the rise. This is good news for potential renters, as it indicates that there are more options available and that rental prices are becoming more affordable.
Median rent for all residential properties in Mt. Baker
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The most expensive listings and top trending buildings in Mt. Baker
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1496 Fruitland Dr | $2,500 | 3 / 2.5 |
3126 Racine St | $2,468 | 3 / 2.0 |
3126 Racine St | $1,679 | 1 / 1.0 |
3126 Racine St | $1,657 | 1 / 1.0 |
3126 Racine St | $1,565 | 1 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
COAST EQUITY PARTNERS III LLC | $1,634 |
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Bedroom Breakdown in Mt. Baker
Mt. Baker neighborhood apartments rents
The rental market for studios in Mt. Baker, Washington is relatively stable. In July 2023, there was only one new studio listing, indicating that the market is not experiencing a large influx of new properties. The median rent for studios in July 2023 was $1,504, which is a 1.7% decrease from the median rent in June 2023 of $1,530. This suggests that the rental market for studios in Mt. Baker is not experiencing significant fluctuations in pricing.
The rental market for 1-bedroom apartments in Mt. Baker, Washington is showing signs of stability. In July 2023, there were 3 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 3.0% from June 2023 to July 2023, settling at $1,657. This suggests that the rental market is not experiencing any significant changes in the short-term, and that renters can expect to find reasonable prices for 1-bedroom apartments in the area.
The rental market for 2-bedroom apartments in Mt. Baker, Washington is showing signs of growth. In June 2023, there were two new 2-bedroom listings, and the median rent for 2-bedroom apartments increased by 13.1% from May 2023 to June 2023, from $2,214 to $1,924. This suggests that the rental market for 2-bedroom apartments in Mt. Baker is becoming more competitive, and that renters should expect to pay more for their apartments in the near future.