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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bellevue, PA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bellevue, PA Housing Market Trends

With a population of 8,095, 4,322 total housing units (homes and apartments), and a median house value of $213,073, 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 36.32% of the borough's housing units. Other types of housing that are prevalent in Bellevue include large apartment complexes or high rise apartments ( 34.51%), duplexes, homes converted to apartments or other small apartment buildings ( 21.94%), and a few row houses and other attached homes ( 7.23%).

People in Bellevue primarily live in small (one, two or no bedroom) single-family detached homes. Bellevue has a mixture of owner-occupied and renter-occupied housing.

The housing in Bellevue was primarily built before 1939 ( 50.27%), 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 ( 29.91%), followed by between 1970-1999 ( 18.15%). There's also some housing in Bellevue built between 2000 and later ( 1.67%).

Vacant housing appears to be an issue in Bellevue. Fully 10.96% 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 90.51%, which ranks in the top 40% nationwide. This equates to an annual average Bellevue house appreciation rate of 6.66%.

NeighborhoodScout's data show that during the latest twelve months, Bellevue's appreciation rate, at 5.71%, has been at or slightly above the national average. In the latest quarter, Bellevue's appreciation rate has been -0.10%, which annualizes to a rate of -0.25%.

Relative to Pennsylvania, our data show that Bellevue's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$213,073

Bellevue, PA Home Prices
> $1,277,000
$958,001 - $1,277,000
$639,001 - $958,000
$511,001 - $639,000
$383,001 - $511,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.3%
1.3%
3.7%
3.7%
29.5%
29.5%
48.9%
48.9%
9.2%
9.2%
7.3%
7.3%
0% 100.0%
% of Homes
Average

for Pennsylvania

Low

for nation

Number of Homes And Apartments:

4,322

Bellevue Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,362 / per month

Homeownership Rate

Owners
Renters
40.9%
40.9%
59.1%
59.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.0%
11.0%
89.0%
89.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.7%
1.7%
18.2%
18.2%
29.9%
29.9%
50.3%
50.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
36.3%
36.3%
7.2%
7.2%
21.9%
21.9%
34.5%
34.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.6%
4.6%
30.9%
30.9%
29.3%
29.3%
20.3%
20.3%
10.6%
10.6%
4.4%
4.4%
0% 100.0%
% of Homes