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 about Scout's Real Estate Data
With 8,095 people, 4,322 houses or apartments, and a median cost of homes of $216,142, 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.
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 95.48%, which ranks in the top 50% nationwide. This equates to an annual average Bellevue house appreciation rate of 6.93%.
NeighborhoodScout's data show that during the latest twelve months, Bellevue's appreciation rate, at 7.50%, has been at or slightly above the national average. In the latest quarter, Bellevue's appreciation rate has been 0.73%, which annualizes to a rate of 2.95%.
Relative to Pennsylvania, our data show that Bellevue's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.
$216,142
for Pennsylvania
for nation
4,322
$1,368 / per month