Quick facts: Bellevue, NE

Quick Facts

98.6
Cost of Living
below US average
63,015
Population
15.84
Crime Rate per 1000
below US average
$79,839
Median Income
below US average
$234,700
Median House Price
above US average
$1400.94
Average Rent
below US average
5%
Poverty Rate
below US average
3.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $79,839.

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Income Needed to Buy

βœ“ Affordable
$74k/year
Based on $234,700 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($79,839) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$60k/year
Based on $1400.94/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($79,839) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bellevue, NE

Bellevue, located in Nebraska, is a charming city situated just south of Omaha. Established in the mid-19th century, it holds the title of the oldest continuous settlement in Nebraska. With a diverse population of around 50,000 residents, Bellevue offers a blend of urban and suburban living. The city is home to numerous parks and recreational areas, including the popular Fontenelle Forest, which provides trails for hiking and bird-watching. Bellevue is also known for its rich military history, being located near Offutt Air Force Base, which contributes to the local economy and community events. Culturally, Bellevue hosts various festivals and local events throughout the year, promoting community engagement and showcasing local talent. The education system is robust, featuring several public schools and access to higher education institutions. With its proximity to Omaha, residents benefit from easy access to larger city amenities while enjoying a more relaxed, community-oriented lifestyle. The cost of living is relatively reasonable, making Bellevue an attractive place for families and professionals alike.

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