The typical owner-occupied home in Bellaire is worth about $85,400, 60% below the Ohio median of $214,800 and 74% below the national median of $332,700. Owners pay a median $827 a year in property taxes, about 0.97% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $38,205 a year, so the median home costs 2.2 times the median income (3.0 times for Ohio). 53% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Bellaire at a glance
| Bellaire | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $85,400 | $214,800 | $332,700 |
| Median property tax paid per year | $827 | $2,822 | $3,119 |
| Property tax as a share of value | 0.97% | 1.31% | 0.94% |
| Median household income | $38,205 | $71,389 | $80,734 |
| Homes lived in by their owners | 53% | 67% | 65% |
| Owner homes with a mortgage | 42% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,055 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 20.9% | 18.6% | 21.0% |
| Median rent | $759 | $1,034 | $1,413 |
| Rent as a share of renters' income | 29.6% | 28.3% | 30.6% |
| Median year homes were built | 1944 | 1970 | 1980 |
| Vacant homes | 22.7% | 8.1% | 10.1% |
| Population | 3,800 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Bellaire
At this week's average 30-year rate of 7.11%, buying the median Bellaire home of $85,400 with 20% down costs about $564 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $706, 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 $24,180 for the 20%-down payment. That payment is 18% of the median Bellaire household income of $38,205; at that income and 20% down, the 28% guideline points to a home of about $135,000.
The median rent here is $759 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,080 |
|---|---|
| Loan amount | $68,320 |
| Principal and interest | $460 |
| Property taxes (0.97% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $564 |
Change the numbers in the calculator
| Down payment | $2,989 |
|---|---|
| Loan amount | $83,853 |
| Principal and interest | $564 |
| Property taxes (0.97% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $706 |
Change the numbers in the calculator
Questions about home buying in Bellaire
What is the median home value in Bellaire?
About $85,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bellaire?
Homeowners pay a median $827 a year, which is about 0.97% 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 Bellaire?
For the median home with 20% down at 7.11%, the payment is about $564 a month. Keeping that under 28% of gross income takes about $24,180 a year.
More about Bellaire
- Mortgage Refinance in Bellaire
- Debt Relief in Bellaire
- Home Equity Loans in Bellaire
- 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