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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 8,005 people, 3,220 houses or apartments, and a median cost of homes of $110,790, 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 77.88% of the city's housing units. Other types of housing that are prevalent in Bellevue include large apartment complexes or high rise apartments ( 8.99%), duplexes, homes converted to apartments or other small apartment buildings ( 8.63%), and a few row houses and other attached homes ( 2.38%).
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 68.48% of Bellevue's homes, and 61.84% have either three or four bedrooms, which is average sized relative to America.
The housing in Bellevue was primarily built before 1939 ( 36.51%), 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 ( 35.55%), followed by between 1970-1999 ( 23.41%). There's also some housing in Bellevue built between 2000 and later ( 4.52%).
Vacant housing appears to be an issue in Bellevue. Fully 11.73% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bellevue during the period has been just -1.77%, which is lower than 80% of US communities.
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 -0.05%, 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 -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, Bellevue's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Bellevue's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
|$782,001 - $1,042,000||0.0|
|$521,001 - $782,000||0.5|
|$417,001 - $521,000||0.8|
|$313,001 - $417,000||1.5|
|$208,001 - $313,000||5.6|
|$105,001 - $208,000||37.8|
|$52,001 - $105,000||48.1|
|$0 - $52,000||5.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Bellevue HOMES|
|2000 or Newer||4.5|
|1970 - 1999||23.4|
|1940 - 1969||35.6|
|1939 or Older||36.5|
|TYPE OF Bellevue HOMES|
|Small Apt. Buildings||8.6|
|SIZE OF Bellevue HOMES|
|5 or more bedrooms||2.19|