Bellevue, Nebraska Housing Market Prices
Bellevue Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 38% below the Nebraska median$109,241
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Median rent 13% above the Nebraska median$1,207
Housing Market Overview
| Metric | Bellevue | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,241 | $175,282 | $248,835 |
| Price Trend (Annual %) | 4.2% | 7.7% | 7.5% |
| Median Gross Rent | $1,207 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bellevue is about 38% lower than in Nebraska. Rent is about 13% higher than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bellevue, up about 4.2% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Bellevue rose about 43.5% between 2015 and 2024, from $841 to $1,207. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Bellevue.
Buying the median-priced home in Bellevue costs roughly 7.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bellevue. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Bellevue | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,241 | $175,282 | $248,835 |
| Median Household Income | $84,337 | $76,615 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bellevue fell about 36.8%, while median household income rose about 35.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bellevue | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 61.5% | 58.5% |
| Rental Rate | 32.6% | 30.9% | 31.2% |
| Vacancy Rate | 4.3% | 7.6% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Bellevue has a homeownership rate of 63.1%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 4.3%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Bellevue | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1980 | 1974 | 1978 |
| Median Number of Rooms | 6.2 | 6.1 | 5.5 |
The typical housing unit in Bellevue was built around 1980. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bellevue, Nebraska.
What is the median home price in Bellevue, Nebraska?
The median home price in Bellevue, Nebraska is $109,241, lower than the Nebraska average of $175,282.
What is the average home price in Bellevue, Nebraska?
The typical home price in Bellevue, Nebraska, reported as the median sale price, is $109,241. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bellevue, Nebraska?
The median gross rent in Bellevue, Nebraska is $1,207 per month, higher than the Nebraska average of $1,071.
What was the median gross rent in Bellevue in 2020?
In 2020, the median gross rent in Bellevue, Nebraska was $973 per month.
What is the price-to-rent ratio in Bellevue, Nebraska?
The price-to-rent ratio in Bellevue, Nebraska is about 7.5, meaning it would take roughly 7.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bellevue.
Are home prices or rent rising faster in Bellevue, Nebraska?
Both home prices and rent are rising in Bellevue, up about 4.2% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bellevue, Nebraska?
63.1% of households in Bellevue, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Bellevue, Nebraska?
The housing vacancy rate in Bellevue, Nebraska is 4.3%, lower than the Nebraska average of 7.6%.
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