Bellevue, WA
King County · Pop. 153,900
Ranked #229 of 243 cities
16Crisis
Median Home Price
🏠$1.1M
3.0% YoY
Median Rent
🔑$2,800
2.0% YoY
Median Income
💰$120K
Rent Burden
📊30.0%
% of income to rent
Income to Buy
🏦$316K
annual income needed
Income to Rent
📝$112K
annual income needed
Price-to-Income
⚖️9.2x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$5,855/mo
Est. mortgage (7%, 20% down)
Need $316K/yr income
Rent
$2,800/mo
Median rent
Need $112K/yr income
How Bellevue Compares
| Metric | Bellevue | Washington | National |
|---|---|---|---|
| Home Price | $1.1M | $576K | $410K |
| Rent | $2,800 | $1,731 | $1,500 |
| Income | $120K | $95K | $75K |
| Rent Burden | 30.0% | 35.0% | 30.0% |
Key Takeaways
- • Home prices in Bellevue are 168% higher than the national average.
- • Rent is 87% higher than the national average.
- • You need an income of $316K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.