The typical owner-occupied home in Bellevue is worth about $247,000, 4% above the Nebraska median of $238,600 and 26% below the national median of $332,700. Owners pay a median $4,239 a year in property taxes, about 1.72% of their home's value, higher than the Nebraska rate of 1.49%. The median household earns $85,462 a year, so the median home costs 2.9 times the median income (3.1 times for Nebraska). 65% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Bellevue at a glance
| Bellevue | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $247,000 | $238,600 | $332,700 |
| Median property tax paid per year | $4,239 | $3,549 | $3,119 |
| Property tax as a share of value | 1.72% | 1.49% | 0.94% |
| Median household income | $85,462 | $76,475 | $80,734 |
| Homes lived in by their owners | 65% | 67% | 65% |
| Owner homes with a mortgage | 66% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,804 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.5% | 21.0% |
| Median rent | $1,226 | $1,072 | $1,413 |
| Rent as a share of renters' income | 27.3% | 27.9% | 30.6% |
| Median year homes were built | 1982 | 1975 | 1980 |
| Vacant homes | 4.4% | 7.6% | 10.1% |
| Population | 64,510 | 1,978,707 | 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 $247,000 with 20% down costs about $1,786 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,198, 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 $76,552 for the 20%-down payment. That payment is 25% of the median Bellevue household income of $85,462; at that income and 20% down, the 28% guideline points to a home of about $276,000.
The median rent here is $1,226 a month, so owning the median home costs about $560 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $49,400 |
|---|---|
| Loan amount | $197,600 |
| Principal and interest | $1,329 |
| Property taxes (1.72% a year) | $354 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| PMI | $0 |
| Total per month | $1,786 |
Change the numbers in the calculator
| Down payment | $8,645 |
|---|---|
| Loan amount | $242,526 |
| Principal and interest | $1,631 |
| Property taxes (1.72% a year) | $354 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| FHA mortgage insurance | $109 |
| Total per month | $2,198 |
Change the numbers in the calculator
Questions about home buying in Bellevue
What is the median home value in Bellevue?
About $247,000 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 $4,239 a year, which is about 1.72% 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 $1,786 a month. Keeping that under 28% of gross income takes about $76,552 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