Bellevue, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bellevue Neighborhoods Since 2000




Bellevue, PA 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 a population of 8,252, 4,310 total housing units (homes and apartments), and a median house value of $114,251, 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 35.56% of the borough's housing units. Other types of housing that are prevalent in Bellevue include large apartment complexes or high rise apartments ( 34.58%), duplexes, homes converted to apartments or other small apartment buildings ( 21.46%), and a few row houses and other attached homes ( 8.26%).

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 ( 48.74%), 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 ( 37.21%), followed by between 1970-1999 ( 11.94%). There's also some housing in Bellevue built between 2000 and later ( 2.10%).

Vacant housing appears to be an issue in Bellevue. Fully 11.24% 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 10.58%, which ranks in the top 30% nationwide. This equates to an annual average Bellevue house appreciation rate of 1.01%.

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 0.33%, 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 -1.65%.

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

Average Home Values

 

Median Home Value:
$114,251

Bellevue, PA HOME PRICES

Value Range
> $1,072,000 0.0
$804,001 - $1,072,000 0.0
$536,001 - $804,000 0.0
$428,001 - $536,000 0.4
$321,001 - $428,000 1.2
$214,001 - $321,000 2.7
$107,001 - $214,000 46.4
$54,001 - $107,000 43.9
$0 - $54,000 5.4

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
68.7565920543771 66.0869565217391

Number Of Homes And Apartments:
4,310

Bellevue Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
39.15% 1.93% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 35.39
Renters 64.61
Vacant 11.24

Housing Market Details

 

Age of Homes

AGE OF Bellevue HOMES
2000 or Newer 2.1
1970 - 1999 11.9
1940 - 1969 37.2
1939 or Older 48.7

Types of Homes

TYPE OF Bellevue HOMES
Single-Family 35.6
Townhomes 8.3
Small Apt. Buildings 21.5
Apt. Complexes 34.6
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Bellevue HOMES
No Bedroom 4.32
1 Bedroom 28.64
2 Bedrooms 32.50
3 Bedrooms 21.27
4 Bedrooms 7.13
5 or more bedrooms 6.14