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 a population of 139,820, 54,216 total housing units (homes and apartments), and a median house value of $770,829, Bellevue house prices are not only among the most expensive in Washington, Bellevue real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Bellevue, accounting for 49.83% of the city's housing units. Other types of housing that are prevalent in Bellevue include large apartment complexes or high rise apartments ( 38.59%), duplexes, homes converted to apartments or other small apartment buildings ( 6.81%), and a few row houses and other attached homes ( 4.58%).
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.
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 ( 32.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.68%). There's also some housing in Bellevue built before 1939 ( 1.35%).
In the last 10 years, Bellevue has experienced some of the highest home appreciation rates of any community in the nation. Bellevue real estate appreciated 36.29% over the last ten years, which is an average annual home appreciation rate of 3.14%, putting Bellevue in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bellevue definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Bellevue that despite a nationwide downturn in the housing market, Bellevue real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bellevue appreciation rates continue to be some of the highest in America, at 14.89%, which is higher than appreciation rates in 99.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bellevue. Bellevue appreciation rates in the latest quarter were at 5.61%, which equates to an annual appreciation rate of 24.42%.
Importantly, NeighborhoodScout’s exclusive research found that Bellevue's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Washington, our data show that Bellevue's latest annual appreciation rate is higher than 90% of the other cities and towns in Washington.
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.
|$1,136,001 - $1,515,000||13.5|
|$758,001 - $1,136,000||30.3|
|$606,001 - $758,000||14.7|
|$454,001 - $606,000||14.9|
|$303,001 - $454,000||8.9|
|$152,001 - $303,000||4.6|
|$76,001 - $152,000||0.6|
|$0 - $76,000||1.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Bellevue HOMES|
|2000 or Newer||15.7|
|1970 - 1999||50.9|
|1940 - 1969||32.0|
|1939 or Older||1.3|
|TYPE OF Bellevue HOMES|
|Small Apt. Buildings||6.8|
|SIZE OF Bellevue HOMES|
|5 or more bedrooms||8.07|