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Bellevue vs Yakima:
Housing Costs in Washington

Side-by-side comparison of home prices, mortgage payments, and housing costs between Bellevue and Yakima, Washington. Using Washington's 0.98% property tax rate and $1,600/year insurance. Updated for 2026.

MetricBellevueYakima
Median Home Price$1.1M$295K
Population151,85496,968
Average Rent$2,850/mo$1,150/mo
Est. Monthly Mortgage (P&I)$6,542/mo$1,678/mo
Est. Monthly Property Tax$939/mo$241/mo
Est. Monthly Insurance$133/mo$133/mo
Est. Total PITI$8,046/mo$2,163/mo
Price-to-Rent Ratio33.621.4
Verdict

Yakima is significantly more affordable than Bellevue, with homes priced 74% lower on average. That translates to $5,883/month in savings on your total housing payment. For budget-conscious buyers in Washington, Yakima offers a much more accessible path to homeownership.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Washington's 0.98% property tax rate.

Bellevue
Home Price$1,150,000
Down Payment (10%)$115,000
Loan Amount$1,035,000
Monthly P&I$6,542
Monthly Property Tax$939
Monthly Insurance$133
Monthly PMI$431
Total PITI$8,046/mo
Annual property tax: $11,270
Yakima
Home Price$295,000
Down Payment (10%)$29,500
Loan Amount$265,500
Monthly P&I$1,678
Monthly Property Tax$241
Monthly Insurance$133
Monthly PMI$111
Total PITI$2,163/mo
Annual property tax: $2,891

Buying in Yakima saves you approximately $5,883/month ($70,596/year) compared to Bellevue, based on median home prices with identical loan terms.

Which City Is Better For...

First-Time Buyers

Yakima is the better choice for first-time buyers, with a median price of $295K versus $1.1M in Bellevue. That's $855K less to save for a down payment. You'd need roughly $10K for an FHA 3.5% down payment in Yakima, compared to $40K in Bellevue. Washington offers the WSHFC Home Advantage program (Up to $10,000 DPA) which applies in both cities.

Real Estate Investment

Yakima has the better price-to-rent ratio at 21.4x versus 33.6x in Bellevue. A lower ratio generally signals better rental income relative to purchase price. Average rent in Yakima is $1,150/month on a $295K median home, making it a stronger candidate for buy-and-rent investors.

Families

Bellevue (pop. 151,854) offers more amenities, schools, and services typical of a larger city, while Yakima (pop. 96,968) may offer a quieter, more community-oriented lifestyle. Families on a budget may prefer Yakima, where lower housing costs free up more income for childcare, education, and savings.

Income Needed to Afford the Median Home

Bellevue
$345K
annual household income
Based on $8,046/mo PITI at 28% DTI
Yakima
$93K
annual household income
Based on $2,163/mo PITI at 28% DTI

Other Cities in Washington

Seattle$825K
Pop. 737,015 · Rent $2,450/mo
Spokane$365K
Pop. 228,989 · Rent $1,350/mo
Tacoma$475K
Pop. 219,346 · Rent $1,650/mo
Vancouver$445K
Pop. 190,915 · Rent $1,520/mo
Olympia$445K
Pop. 55,605 · Rent $1,520/mo
Bellingham$575K
Pop. 92,314 · Rent $1,780/mo
Kennewick$385K
Pop. 84,347 · Rent $1,380/mo
Everett$545K
Pop. 112,800 · Rent $1,750/mo

Explore Washington

Washington Mortgage Guide$580K median →
0.98% tax · $8K closing · $1,600/yr insurance
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Bellevue or Yakima.
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