Bellevue, NE—68005
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bellevue, NE
As of Oct '25, the median home price in Bellevue, NE is $247,000, with a year-over-year change of 2.1%. This indicates that home prices in Bellevue, NE are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | 2.1% |
| Single Family | $248,000 | 2.1% |
| Condos | $168,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $172,000 | 0.0% |
2 Bed | $189,000 | 1.1% |
3 Bed | $249,000 | 2.5% |
4 Bed | $304,000 | 2.4% |
| 5 Bed | $388,000 | 2.6% |
% of Housing Stock
Rental Trends — Bellevue, NE
As of July '25, Rentcast reports the average rent in Bellevue, NE is $1,200, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Bellevue, NE is studios: $773, 1-bedrooms: $910, 2-bedrooms: $1,130, 3-bedrooms: $1,850, 4-bedrooms: $2,060. The most common rental property sizes in Bellevue, NE are 2-bedroom and 1-bedroom, accounting for 44.0% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,200 |
| Studio Rent | $775 | $773 |
| 1 Bed Rent | $950 | $910 |
| 2 Bed Rent | $1,050 | $1,130 |
| 3 Bed Rent | $1,800 | $1,850 |
| 4 Bed Rent | $1,980 | $2,060 |
% of Rental Stock
Property Listings — Bellevue, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Bellevue, NE is 29. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $274,000 | 9.0% |
Listing Count | 73 | 29.0% |
| Listings as % of Homes | 0.2% | 29.0% |
Days on Market | 29 | -4.0% |
Demographics — Bellevue, NE
As of the latest ACS Survey released in 2023, Bellevue, NE has a population of 21,900, which has decreased by -5.1% over the past 5 years. Bellevue, NE is a popular place for families, as children make up 25.7% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | -5.1% |
% Under 18 | 25.7% | 12.2% |
% Seniors | 17.1% | 6.2% |
% WFH | 7.7% | 266.7% |
% w/ College Degree | 29.4% | -1.0% |
As of the latest ACS Survey released in 2023, Bellevue, NE is a predominantly white area, with 68.3% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Bellevue, NE is hispanic, making up 15.2% of the population. Foreign-born residents account for 8.3% of the population in Bellevue, NE, and this percentage has increased by 15.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.3% | -9.7% |
% Black | 8.1% | 47.3% |
% Hispanic | 15.2% | 27.7% |
% Asian | 2.8% | 0.0% |
% Foreign Born | 8.3% | 15.3% |
Mortgage and Risk — Bellevue, NE
According to HUD data as of 2023, there were 460 mortgage originations in Bellevue, NE, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Bellevue, NE. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 460 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Bellevue, NE
As of 2024, the percent of homes in Bellevue, NE under the Section 8 program is 11.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Bellevue, NE, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 432 |
Total Units Section 8 | 422 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $950 | $960 |
| 2 Bedroom | $100 | $1,050 | $1,150 |
| 3 Bedroom | -$270 | $1,800 | $1,530 |
| 4 Bedroom | -$280 | $1,980 | $1,700 |
Affordability — Bellevue, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $247,000 |
| Median Household Income | $66,300 |