Bellevue, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bellevue Neighborhoods Since 2000




Bellevue, KY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bellevue Housing Market Information

With 5,892 people, 2,703 houses or apartments, and a median cost of homes of $119,273, house prices in Bellevue are solidly below the national average.

Single-family detached homes are the single most common housing type in Bellevue, accounting for 67.69% of the city's housing units. Other types of housing that are prevalent in Bellevue include duplexes, homes converted to apartments or other small apartment buildings ( 16.71%), large apartment complexes or high rise apartments ( 12.58%), and a few row houses and other attached homes ( 2.24%).

Dwellings in Bellevue tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 60.26% of the homes in Bellevue have two or fewer bedrooms.

The housing in Bellevue was primarily built before 1939 ( 60.42%), making the housing stock in Bellevue some of the oldest overall in America, although there is a range of ages of homes in Bellevue. The next most important housing age is between 1940-1969 ( 22.99%), followed by between 1970-1999 ( 12.81%). There's also some housing in Bellevue built between 2000 and later ( 3.78%).

Vacant housing appears to be an issue in Bellevue. Fully 13.45% of the housing stock is classified as vacant. Left unchecked, vacant Bellevue homes and apartments can be a drag on the real estate market, holding Bellevue real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 5.23%, which ranks in the top 40% nationwide. This equates to an annual average Bellevue house appreciation rate of 0.51%.

Appreciation rates are so strong in Bellevue that despite a nationwide downturn in the housing market, Bellevue real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bellevue appreciation rates continue to be some of the highest in America, at 9.23%, which is higher than appreciation rates in 91.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bellevue. Bellevue appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Kentucky, our data show that Bellevue's latest annual appreciation rate is higher than 90% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$119,273

Bellevue, KY HOME PRICES

Value Range
> $1,144,000 0.8
$858,001 - $1,144,000 0.0
$572,001 - $858,000 0.8
$458,001 - $572,000 1.0
$343,001 - $458,000 1.4
$229,001 - $343,000 5.1
$114,001 - $229,000 51.8
$57,001 - $114,000 35.7
$0 - $57,000 3.3

High for KY
Low for Nation

Value Relative to Nation Value Relative to State
65.8385093167702 39.5989974937343

Number Of Homes And Apartments:
2,703

Bellevue Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.12% 1.76% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$732 / per month

Homeownership Rate

Homeownership
Owners 70.11
Renters 29.89
Vacant 13.45

Housing Market Details

 

Age of Homes

AGE OF Bellevue HOMES
2000 or Newer 3.8
1970 - 1999 12.8
1940 - 1969 23.0
1939 or Older 60.4

Types of Homes

TYPE OF Bellevue HOMES
Single-Family 67.7
Townhomes 2.2
Small Apt. Buildings 16.7
Apt. Complexes 12.6
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Bellevue HOMES
No Bedroom 6.56
1 Bedroom 16.30
2 Bedrooms 37.40
3 Bedrooms 32.02
4 Bedrooms 4.84
5 or more bedrooms 2.88