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Bellevue city, WA

ZIP 98007 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98007

Median Home Value
$934,600
Median Rent
$2,137
Affordability Snapshot
$257,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,004/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

36.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98007 in Bellevue city, WA, a household would need roughly $257,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $6,004. That is about 103% above the local median household income ($126,814), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
34.7%-47% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
95.6%+10% vs US avg
x
4+ Bedrooms
4.5%-69% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
17.3%-65% vs US avg
x
Mortgage-Free
41.1%+8% vs US avg
x
$934,600
Home Value
$2,137
Rent
1978
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached24.8%
  • 1-unit attached5.8%
  • 2-9 units28.0%
  • 10+ units41.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$934,600
Median rent$2,137
Owner-occupied34.7%
Vacant6.9%
Price-to-income7.4x
Est. income to buy$257,000