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Bellevue city, WA

ZIP 98008 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98008

Median Home Value
$1,130,000
Median Rent
$2,319
Affordability Snapshot
$311,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,259/mo PITI).

16%
Rent-to-Income Ratio

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

6.4x
Home Price-to-Income Ratio

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

40.6 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 98008 in Bellevue city, WA, a household would need roughly $311,000 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 $7,259. That is about 77% above the local median household income ($175,242), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
73.0%+12% vs US avg
x
Vacancy Rate
6.4%-38% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
11.4%-23% vs US avg
x
Built Pre-1939
0.8%-94% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
15.9%-68% vs US avg
x
Mortgage-Free
40.3%+5% vs US avg
x
$1,130,000
Home Value
$2,319
Rent
1968
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached75.1%
  • 1-unit attached7.0%
  • 2-9 units6.4%
  • 10+ units11.3%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,130,000
Median rent$2,319
Owner-occupied73.0%
Vacant6.4%
Price-to-income6.4x
Est. income to buy$311,000