Bellevue, NE—68147
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 $241,000, with a year-over-year change of 1.6%. This indicates that home prices in Bellevue, NE are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | 1.6% |
| Single Family | $241,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $194,000 | 3.2% |
3 Bed | $247,000 | 1.6% |
4 Bed | $331,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bellevue, NE
As of July '25, Rentcast reports the average rent in Bellevue, NE is $1,580, with a year-over-year rent change of -10.2%. Per bedroom, the median rent as of July '25 in Bellevue, NE is 1-bedrooms: $946, 2-bedrooms: $1,270, 3-bedrooms: $2,090, 4-bedrooms: $2,000. The most common rental property sizes in Bellevue, NE are 2-bedroom and 3-bedroom, accounting for 53.1% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $946 | $946 |
| 2 Bed Rent | $1,100 | $1,270 |
| 3 Bed Rent | $1,800 | $2,090 |
| 4 Bed Rent | $1,500 | $2,000 |
% 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 47. This is a increase of 61.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $328,000 | 4.0% |
Listing Count | 55 | 53.0% |
| Listings as % of Homes | 0.4% | 53.0% |
Days on Market | 47 | 61.0% |
Demographics — Bellevue, NE
As of the latest ACS Survey released in 2023, Bellevue, NE has a population of 12,700, which has increased by 13.7% over the past 5 years. Bellevue, NE is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | 13.7% |
% Under 18 | 25.3% | 0.8% |
% Seniors | 12.1% | -8.3% |
% WFH | 8.5% | 63.5% |
% w/ College Degree | 21.0% | 12.3% |
As of the latest ACS Survey released in 2023, Bellevue, NE is a predominantly white area, with 56.5% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Bellevue, NE is hispanic, making up 34.5% of the population. Foreign-born residents account for 12.6% of the population in Bellevue, NE, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.5% | -8.7% |
% Black | 3.6% | -33.3% |
% Hispanic | 34.5% | 21.5% |
% Asian | 1.0% | -58.3% |
% Foreign Born | 12.6% | 0.0% |
Mortgage and Risk — Bellevue, NE
According to HUD data as of 2023, there were 241 mortgage originations in Bellevue, NE, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Bellevue, NE. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Bellevue, NE
As of 2024, the percent of homes in Bellevue, NE under the Section 8 program is 7.9%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 70 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $94 | $946 | $1,040 |
| 2 Bedroom | $150 | $1,100 | $1,250 |
| 3 Bedroom | -$140 | $1,800 | $1,660 |
| 4 Bedroom | $350 | $1,500 | $1,850 |
Affordability — Bellevue, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $241,000 |
| Median Household Income | $91,700 |