Bellevue, MI—49021
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bellevue, MI
As of Nov '25, the median home price in Bellevue, MI is $231,000, with a year-over-year change of 0.9%. This indicates that home prices in Bellevue, MI are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 0.9% |
| Single Family | $232,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $192,000 | 1.6% |
3 Bed | $238,000 | 1.7% |
4 Bed | $252,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bellevue, MI
As of July '25, Rentcast reports the average rent in Bellevue, MI is $1,040, with a year-over-year rent change of -45.3%. Per bedroom, the median rent as of July '25 in Bellevue, MI is 1-bedrooms: $835, 3-bedrooms: $1,250. The most common rental property sizes in Bellevue, MI are 3-bedroom and 2-bedroom, accounting for 36.6% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $835 | $1,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $835 | $835 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,250 | $1,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bellevue, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Bellevue, MI is 48. This is a decrease of -17.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | 22.0% |
Listing Count | 15 | 17.0% |
| Listings as % of Homes | 1.0% | 17.0% |
Days on Market | 48 | -17.0% |
Demographics — Bellevue, MI
As of the latest ACS Survey released in 2023, Bellevue, MI has a population of 6,470, which has increased by 3.2% over the past 5 years. Bellevue, MI is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,470 | 3.2% |
% Under 18 | 23.5% | 4.9% |
% Seniors | 17.3% | -3.9% |
% WFH | 8.1% | 179.3% |
% w/ College Degree | 15.0% | 10.3% |
As of the latest ACS Survey released in 2023, Bellevue, MI is a predominantly white area, with 91.3% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Bellevue, MI is hispanic, making up 4.4% of the population. Foreign-born residents account for 0.9% of the population in Bellevue, MI, and this percentage has increased by 200.0% 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 | 91.3% | -2.8% |
% Black | 2.8% | 600.0% |
% Hispanic | 4.4% | 51.7% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.9% | 200.0% |
Mortgage and Risk — Bellevue, MI
According to HUD data as of 2023, there were 181 mortgage originations in Bellevue, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Bellevue, MI. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 181 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Bellevue, MI
Bellevue, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$25 | $835 | $810 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | $80 | $1,250 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Bellevue, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $231,000 |
| Median Household Income | $78,700 |