Bellevue, NE—68123
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 $322,000, with a year-over-year change of 1.8%. This indicates that home prices in Bellevue, NE are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | 1.8% |
| Single Family | $323,000 | 1.9% |
| Condos | $239,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $292,000 | 2.8% |
3 Bed | $299,000 | 1.7% |
4 Bed | $371,000 | 1.4% |
| 5 Bed | $418,000 | 0.5% |
% of Housing Stock
Rental Trends — Bellevue, NE
As of July '25, Rentcast reports the average rent in Bellevue, NE is $2,030, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Bellevue, NE is studios: $1,070, 1-bedrooms: $1,160, 2-bedrooms: $1,580, 3-bedrooms: $2,250, 4-bedrooms: $2,460. The most common rental property sizes in Bellevue, NE are 3-bedroom and 2-bedroom, accounting for 32.5% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,030 |
| Studio Rent | $980 | $1,070 |
| 1 Bed Rent | $1,080 | $1,160 |
| 2 Bed Rent | $1,370 | $1,580 |
| 3 Bed Rent | $2,200 | $2,250 |
| 4 Bed Rent | $2,400 | $2,460 |
% 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 36. This is a decrease of -20.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -7.0% |
Listing Count | 96 | -27.0% |
| Listings as % of Homes | 0.5% | -27.0% |
Days on Market | 36 | -20.0% |
Demographics — Bellevue, NE
As of the latest ACS Survey released in 2023, Bellevue, NE has a population of 34,100, which has increased by 6.6% over the past 5 years. Bellevue, NE is a popular place for families, as children make up 27.7% of the population. The area has a moderately educated workforce, with 39.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,100 | 6.6% |
% Under 18 | 27.7% | -5.5% |
% Seniors | 10.0% | 19.0% |
% WFH | 10.0% | 284.6% |
% w/ College Degree | 39.2% | -8.0% |
As of the latest ACS Survey released in 2023, Bellevue, NE is a predominantly white area, with 70.9% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Bellevue, NE is hispanic, making up 12.4% of the population. Foreign-born residents account for 7.3% of the population in Bellevue, NE, and this percentage has increased by 49.0% 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 | 70.9% | -2.3% |
% Black | 6.3% | -21.3% |
% Hispanic | 12.4% | 10.7% |
% Asian | 3.5% | 0.0% |
% Foreign Born | 7.3% | 49.0% |
Mortgage and Risk — Bellevue, NE
According to HUD data as of 2023, there were 643 mortgage originations in Bellevue, NE, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Bellevue, NE. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 643 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Bellevue, NE
As of 2024, the percent of homes in Bellevue, NE under the Section 8 program is 1.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Bellevue, NE, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 60 |
Total Units Section 8 | 60 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,080 | $1,130 |
| 2 Bedroom | -$10 | $1,370 | $1,360 |
| 3 Bedroom | -$390 | $2,200 | $1,810 |
| 4 Bedroom | -$390 | $2,400 | $2,010 |
Affordability — Bellevue, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $322,000 |
| Median Household Income | $96,200 |