Bellevue, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Bellevue short-term rental market based on reliable data.

Listings

248 / 980

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$39,213

Middle-Earners Revenue

Occupancy

74%

Middle-Earners Occupancy

Home Value

$1,499,175

Median Home Sale Price

Top Earners

$71,435

Top-Earners Revenue

Bellevue

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Bellevue.

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C

Challenging to Investors

Bellevue Regulations

Bellevue's STR regulations are technically legal but highly constrained with strict caps (5 units per building, 20% of total units), prohibitions on entire single-family homes, and limited zoning allowances. The compliance burden includes multiple permits, owner-occupancy requirements, and complex operational rules that significantly limit viable investment opportunities while requiring substantial regulatory navigation.

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About Bellevue

Bellevue sits on the eastern shore of Lake Washington in King County, Washington, just across the water from Seattle. With a population of roughly 155,000, it is the largest city on the "Eastside" and one of the fastest-growing cities in the state. Often described as a polished, business-friendly suburb with a sleek downtown skyline, Bellevue has evolved from a quiet lakeside community into a major commercial and tech hub, frequently ranked among the best places to live in the United States. It serves as a convenient base for visitors exploring the greater Seattle metropolitan area, the Cascade Mountains, and the wine country and farmlands of the Snoqualmie Valley to the east. The city lies only about ten miles east of downtown Seattle, typically a fifteen- to twenty-minute drive (longer in traffic) via Interstate 90 or State Route 520 across the floating Lacey V. Murrow Memorial Bridge.

A natural starting point for visitors is the revitalized Downtown Bellevue district, centered around the Bellevue Collection, a cluster of upscale shopping centers, hotels, and restaurants that has become the city's retail and dining core. Just south of downtown, the 320-acre Mercer Slough Nature Park offers a striking contrast, with boardwalks winding through one of the largest remaining freshwater wetlands along Lake Washington's shore, plus a blueberry farm and an environmental education center roughly five minutes from the city center.

Families and casual visitors are drawn to Kelsey Creek Farm and Park in the northern part of the city, where a small working farm, picnic areas, and easy walking trails provide a relaxed slice of the countryside within city limits. A short drive east into the surrounding hills, Cougar Mountain Regional Wildland Park offers more than 30 miles of trails for hiking and mountain biking, including connections to the broader Issaquah Alps trail network. For art and culture lovers, the Bellevue Arts Museum anchors the downtown arts scene with rotating exhibitions of craft, design, and contemporary art, while the adjacent Bellevue Botanical Garden, a 53-acre display garden, draws gardeners and strollers year-round.

Bellevue's appeal as a short-term-rental market rests on a rare combination of factors: a clean, modern urban core with strong hotels, dining, and retail; immediate access to Lake Washington parks and Puget Sound; and quick connectivity to both downtown Seattle and the Cascade recreation areas. Travelers who want the convenience of a walkable, business-grade city with the option of a half-day hike, a wine-country drive, or a ferry ride to the San Juan Islands all within easy reach often find Bellevue a more practical and quieter base than Seattle itself.

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