Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bellevue, Washington.
Pre-filled with Bellevue median home price and Washington tax/insurance rates. Adjust for your property.
Estimated closing costs based on Washington rates and fees applied to Bellevue prices.
The median home price in Bellevue is $1,150,000, 98% above the Washington state median of $580,000. With a population of 151,854, Bellevue is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Washington average 0.98% annually. This moderate property tax rate means a $1,150,000 home in Bellevue would carry roughly $939/month in property taxes. Homeowners insurance in Washington runs approximately $1,600 per year. This is within the normal range nationally.
Average rent in Bellevue is $2,850/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Bellevue is a higher-cost market. At $1.1M median, buyers need significant savings or strong income. Down payment assistance through Washington's WSHFC Home Advantage program becomes especially important.