CALCMONEY // HOME AFFORDABILITY // NE // BELLEVUE
How much house can you afford in Bellevue? Based on local median home prices, current NE mortgage rates, and Bellevue property tax data.
$265,000
$1,889/mo
$80,964/yr
$225,502
Monthly housing costs of $1,889 represent 31.5% of Bellevue's median gross monthly income ($6,000/mo). At 31.5%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $265,000 |
| Down Payment (20%) | $53,000 |
| Loan Amount | $212,000 |
| Monthly PI Payment | $1,403 |
| Monthly Property Tax | $375 |
| Monthly Insurance Est. | $110 |
| Total Monthly PITI | $1,889 |
| Housing Cost % of Income | 31.5% |
| Required Income (28% rule) | $80,964/yr |
| Max Affordable Home | $225,502 |
$9,275
$2,360/mo
Bellevue Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $265,000 | Bellevue city median |
| Down Payment (20%) | $53,000 | Conventional loan |
| Monthly PITI | $1,889 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $80,964 | Annual gross |
| Max Affordable Home | $225,502 | Based on median income |
| FHA Down (3.5%) | $9,275 | Minimum FHA |
| Housing Cost % of Income | 31.5% | Median income: $72,000/yr |
| Property Tax Rate | 1.7% | $4,505/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Bellevue is $265,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $212,000, generating a monthly P&I payment of $1,403. Adding property taxes ($375/mo) and homeowners insurance ($110/mo) brings total monthly PITI to $1,889.
Bellevue's property tax rate of 1.7% is near the national average, adding a standard increment to monthly housing costs. On the Bellevue median home, that is $375/month, or $4,505 per year.
Nebraska levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Bellevue should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Bellevue's median income of $72,000/year can afford up to $1,680/month in total housing costs. Based on Bellevue's mortgage rate of 6.95% and property tax rate of 1.7%, that translates to a maximum affordable home price of approximately $225,502 with 20% down on a 30-year loan.
To afford the median Bellevue home priced at $265,000, you need an annual gross income of approximately $80,964. Total monthly housing costs (principal and interest of $1,403, property taxes of $375, and insurance of $110) come to $1,889/month, which equals 28% of the required income.
At the median home price of $265,000 and median household income of $72,000, the total monthly housing cost of $1,889 represents 31.5% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Bellevue home of $265,000 is $53,000. An FHA loan requires just 3.5% down — $9,275 — but adds mortgage insurance of roughly $181/month, bringing total FHA payments to $2,360/month.