Bellevue, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bellevue, NE Real Estate Data


Bellevue Housing Market Information

With a population of 55,510, 20,105 total housing units (homes and apartments), and a median house value of $163,201, Bellevue real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bellevue, accounting for 71.35% of the city's housing units. Other types of housing that are prevalent in Bellevue include large apartment complexes or high rise apartments ( 18.49%), duplexes, homes converted to apartments or other small apartment buildings ( 3.94%), and a few row houses and other attached homes ( 3.67%).

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 66.75% of Bellevue's homes, and 63.36% 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 between 1940-1969 ( 34.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.57%). There's also some housing in Bellevue built before 1939 ( 4.23%).

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 6.32%, which ranks in the top 50% nationwide. This equates to an annual average Bellevue house appreciation rate of 0.61%.

NeighborhoodScout's data show that during the latest twelve months, Bellevue's appreciation rate, at 5.12%, has been at or slightly above the national average. In the latest quarter, Bellevue's appreciation rate has been 1.93%, which annualizes to a rate of 7.95%.

Relative to Nebraska, our data show that Bellevue's latest annual appreciation rate is lower than 60% of the other cities and towns in Nebraska.

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 2000, to assist you in making the best Bellevue real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$163,201

Bellevue, NE HOME PRICES

Value Range
> $1,143,000 0.5
$858,001 - $1,143,000 0.2
$572,001 - $858,000 0.5
$457,001 - $572,000 0.5
$343,001 - $457,000 2.1
$229,001 - $343,000 11.7
$114,001 - $229,000 69.3
$57,001 - $114,000 10.9
$0 - $57,000 4.3

Very High for NE
Average for Nation

Value Relative to Nation Value Relative to State
45.5349300228377 20.0

Number Of Homes And Apartments:
20,105

Rent & Ownership

 

Average Market Rent:
$1,078 / per month

Homeownership Rate

Homeownership
Owners 66.75
Renters 33.25
Vacant 5.80

Housing Market Details

 

Age of Homes

AGE OF Bellevue HOMES
2000 or Newer 6.6
1970 - 1999 54.6
1940 - 1969 34.6
1939 or Older 4.2

Types of Homes

TYPE OF Bellevue HOMES
Single-Family 71.4
Townhomes 3.7
Small Apt. Buildings 3.9
Apt. Complexes 18.5
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Bellevue HOMES
No Bedroom 1.30
1 Bedroom 7.74
2 Bedrooms 24.26
3 Bedrooms 48.18
4 Bedrooms 15.18
5 or more bedrooms 3.34

Bellevue Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
27.33% 1.43% 1 3
* 10 is highest