Bellevue MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bellevue, MI 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Bellevue Housing Market Information

With 1,290 people, 1,679 houses or apartments, and a median cost of homes of $149,464, 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 89.45% of the village's housing units. Other types of housing that are prevalent in Bellevue include mobile homes or trailers ( 6.57%), large apartment complexes or high rise apartments ( 1.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bellevue. Owner-occupied housing accounts for 84.86% of Bellevue's homes, and 69.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bellevue built from 1970 to 1999 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 before 1939 ( 26.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.76%). There's also some housing in Bellevue built between 2000 and later ( 15.15%).

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 37.76%, which ranks in the top 40% nationwide. This equates to an annual average Bellevue house appreciation rate of 3.26%.

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 2.32%, 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 -0.41%, which equates to an annual appreciation rate of -1.63%.

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

Relative to Michigan, our data show that Bellevue's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$149,464

Bellevue, MI HOME PRICES

Value Range
> $1,213,000 0.5
$909,001 - $1,213,000 0.3
$606,001 - $909,000 0.3
$485,001 - $606,000 1.3
$364,001 - $485,000 4.2
$242,001 - $364,000 15.9
$121,001 - $242,000 38.0
$61,001 - $121,000 30.3
$0 - $61,000 9.3

Average for MI
Low for Nation

Value Relative to Nation Value Relative to State
61.2963503649635 52.724358974359

Number Of Homes And Apartments:
1,679

Bellevue Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
32.41% 1.38%
6
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,103 / per month

Homeownership Rate

Homeownership
Owners 84.86
Renters 15.14
Vacant 8.67

Housing Market Details

 

Age of Homes

AGE OF Bellevue HOMES
2000 or Newer 15.1
1970 - 1999 40.8
1940 - 1969 17.8
1939 or Older 26.3

Types of Homes

TYPE OF Bellevue HOMES
Single-Family 89.4
Townhomes 0.6
Small Apt. Buildings 1.4
Apt. Complexes 1.6
Mobile Homes 6.6
Other 0.3

Home Size

SIZE OF Bellevue HOMES
No Bedroom 0.49
1 Bedroom 5.45
2 Bedrooms 18.94
3 Bedrooms 54.03
4 Bedrooms 15.25
5 or more bedrooms 5.85

Popular Neighborhoods in Bellevue

Zip Codes in Bellevue, MI