Bellevue appreciation rates and housing market information

Bellevue housing market information

With 109,189 people, 48,303 houses or apartments, and a median cost of homes of $594,226, Bellevue house prices are not only among the most expensive in Washington, Bellevue real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Bellevue, accounting for 53.51% of the city's housing units. Other types of housing that are prevalent in Bellevue include large apartment complexes or high rise apartments (35.16%), duplexes, homes converted to apartments, or other small apartment buildings (5.69%), and a few row houses and other attached homes (5.50%).

The most prevalent building size and type in Bellevue are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 57.99% owning, and 36.59% renting.

There is a lot of housing in Bellevue built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bellevue built from 1940-1969 (37.00%). A lesser amount of the housing stock also hails from 1995 and later (10.09%), and some were built from 1939 and earlier (10.09%).

Bellevue home appreciation rates

Appreciation rates for homes in Bellevue have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.64%, which ranks in the top 40% nationwide. This equates to an annual average Bellevue house appreciation rate of 8.36%.

Over the last year, Bellevue appreciation rates have trailed the rest of the nation. In the last twelve months, Bellevue's appreciation rate has been -7.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bellevue were at -2.05%, which equates to an annual appreciation rate of -8.20%.

Notably, Bellevue's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Bellevue's latest annual appreciation rate is higher than 7% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bellevue differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bellevue - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Bellevue real estate investment or home purchase decisions.