The typical owner-occupied home in Bellevue is worth about $206,500, about the same as the Kentucky median of $205,600 and 38% below the national median of $332,700. Owners pay a median $2,318 a year in property taxes, about 1.12% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $71,166 a year, so the median home costs 2.9 times the median income (3.2 times for Kentucky). 70% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Bellevue at a glance
| Bellevue | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $206,500 | $205,600 | $332,700 |
| Median property tax paid per year | $2,318 | $1,544 | $3,119 |
| Property tax as a share of value | 1.12% | 0.75% | 0.94% |
| Median household income | $71,166 | $63,726 | $80,734 |
| Homes lived in by their owners | 70% | 68% | 65% |
| Owner homes with a mortgage | 66% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,541 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 21.1% | 18.8% | 21.0% |
| Median rent | $1,265 | $967 | $1,413 |
| Rent as a share of renters' income | 31.9% | 28.1% | 30.6% |
| Median year homes were built | 1938 | 1982 | 1980 |
| Vacant homes | 8.0% | 10.3% | 10.1% |
| Population | 5,636 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Bellevue
At this week's average 30-year rate of 7.11%, buying the median Bellevue home of $206,500 with 20% down costs about $1,390 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,734, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $59,575 for the 20%-down payment. That payment is 23% of the median Bellevue household income of $71,166; at that income and 20% down, the 28% guideline points to a home of about $247,000.
The median rent here is $1,265 a month, so owning the median home costs about $125 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,300 |
|---|---|
| Loan amount | $165,200 |
| Principal and interest | $1,111 |
| Property taxes (1.12% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| PMI | $0 |
| Total per month | $1,390 |
Change the numbers in the calculator
| Down payment | $7,228 |
|---|---|
| Loan amount | $202,760 |
| Principal and interest | $1,364 |
| Property taxes (1.12% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| FHA mortgage insurance | $91 |
| Total per month | $1,734 |
Change the numbers in the calculator
Questions about home buying in Bellevue
What is the median home value in Bellevue?
About $206,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bellevue?
Homeowners pay a median $2,318 a year, which is about 1.12% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bellevue?
For the median home with 20% down at 7.11%, the payment is about $1,390 a month. Keeping that under 28% of gross income takes about $59,575 a year.
More about Bellevue
- Mortgage Refinance in Bellevue
- Debt Relief in Bellevue
- Home Equity Loans in Bellevue
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data