you are using your dom elements (htmlObjects) instead of their values (text, that in this case can be parsed as number). Try this
function trapArea()
{
var b1=document.getElementById("b1").value;
var b2=document.getElementById("b2").value;
var height=document.getElementById("height").value;
console.log(b1,b2,height);
var area=(.5*(b1+b2)*height);
document.getElementById("area").innerHTML="The area of this trapezoid is "+area+".</br>";
}