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Bellevue city, WA

ZIP 98004 — 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 98004

Median Home Value
$2,000,001
Median Rent
$2,608
Affordability Snapshot
$551,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$12,847/mo PITI).

18%
Rent-to-Income Ratio

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

11.3x
Home Price-to-Income Ratio

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

63.9 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 98004 in Bellevue city, WA, a household would need roughly $551,000 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 $12,847. That is about 212% above the local median household income ($176,367), 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
36.2%-45% vs US avg
x
Vacancy Rate
8.1%-21% vs US avg
x
Broadband Access
97.2%+12% vs US avg
x
4+ Bedrooms
6.6%-55% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
1.7%-75% vs US avg
x
Rent Burden >30%
15.2%-69% vs US avg
x
Mortgage-Free
40.4%+6% vs US avg
x
$2,000,001
Home Value
$2,608
Rent
2000
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached29.2%
  • 1-unit attached2.8%
  • 2-9 units7.0%
  • 10+ units60.8%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$2,000,001
Median rent$2,608
Owner-occupied36.2%
Vacant8.1%
Price-to-income11.3x
Est. income to buy$551,000