Bellaire, TX 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Bellaire, TX Housing Market Trends

With 18,971 people, 6,753 houses or apartments, and a median cost of homes of $810,167, Bellaire house prices are not only among the most expensive in Texas, Bellaire real estate also is some of the most expensive in all of America.

Bellaire is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Bellaire than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bellaire. Owner-occupied housing accounts for 89.11% of Bellaire's homes, and 71.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bellaire 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 Bellaire built between 2000 and later ( 29.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.58%). There's also some housing in Bellaire built before 1939 ( 2.59%).

Bellaire Home Appreciation Rates

Appreciation rates for homes in Bellaire have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 37.74%, which ranks in the top 40% nationwide. This equates to an annual average Bellaire house appreciation rate of 3.25%.

Over the last year, Bellaire appreciation rates have trailed the rest of the nation. In the last twelve months, Bellaire's appreciation rate has been 3.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bellaire were at 0.45%, which equates to an annual appreciation rate of 1.80%.

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

Relative to Texas, our data show that Bellaire's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$810,167

Bellaire, TX HOME PRICES

> $1,046,000
32.2%
32.2%
$785,001 - $1,046,000
27.0%
27.0%
$523,001 - $785,000
21.3%
21.3%
$418,001 - $523,000
5.3%
5.3%
$314,001 - $418,000
7.2%
7.2%
$209,001 - $314,000
4.1%
4.1%
$104,001 - $209,000
2.0%
2.0%
$53,001 - $104,000
0.2%
0.2%
$0 - $53,000
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
6,753

Bellaire Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
108.10% 3.55%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,430 / per month

Homeownership Rate

Owners
89.1%
89.1%
Renters
10.9%
10.9%
Vacant
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
29.6%
29.6%
1970 - 1999
42.2%
42.2%
1940 - 1969
25.6%
25.6%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
90.2%
90.2%
Townhomes
6.6%
6.6%
Small Apt. Buildings
0.2%
0.2%
Apt. Complexes
2.6%
2.6%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
1.6%
1.6%
2 Bedrooms
7.7%
7.7%
3 Bedrooms
30.0%
30.0%
4 Bedrooms
41.1%
41.1%
5 or more bedrooms
18.7%
18.7%
0.0% 100.0%
% OF HOMES