House Charts

Bellevue, WA Housing Market: Home Prices & Rent

Updated September 2026 data · city in the Seattle metro
Bellevue, WA home values are down 4.4% over the past year, to a typical $1.39M - 9% below the June 2022 peak. Typical rent is $2,759 a month (+1.6% in a year). That's 93% above the Seattle-area typical of $720k.
Typical home value
$1.39M
-4.4% (-$64k) in 12 months
From the peak
-9%
Peak $1.53M, Jun 2022
Since Dec 2019
+55%
from $895k
Typical rent
$2,759/mo
+1.6% in 12 months
vs Seattle metro
+93%
metro typical $720k
Days to go under contract
46
Seattle metro, September 2026

Bellevue home values since 2000

$500k$1,000k$1,500k2000200420082012201620202024Peak $1,527k (Jun 2022)Now $1,386k

Last few years

$1,000k$1,200k$1,400k$1,600k20192020202120222023202420252026Peak $1,527k (Jun 2022)Now $1,386k

Rent in Bellevue

$2,000$2,500201520172019202120232025Now $2,759

Owning vs renting, monthly

Buying the typical Bellevue home with 20% down at this week's 7.32% 30-year rate costs about $9,352/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,759/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

What changed this month

Bellevue vs the Seattle metro, Washington and the U.S.

Typical home12-month changeTypical rent
Bellevue, WA$1.39M-4.4%$2,759/mo
Seattle metro$720k-1.6%$2,250/mo
Washington$588k-0.5%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Bellevue, WA?

Yes - the typical Bellevue home value is down 4.4% over the past 12 months, at $1.39M (September 2026). Values are 9% below their June 2022 peak of $1.53M.

Is the Bellevue housing market crashing?

Home values are 9% below their June 2022 peak and down 4.4% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Bellevue, WA?

Typical rent in Bellevue is $2,759 a month (September 2026), +1.6% over 12 months.

Is Bellevue more expensive than the rest of the Seattle area?

The typical Bellevue home ($1.39M) is 93% above the Seattle metro typical of $720k (September 2026).

More of the Seattle area

Seattle metro housing market · Tacoma · Renton · Bothell · Redmond

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Bellevue, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.