ZIP Code 98005 — Bellevue, WA Home Prices (2026)

The typical home in ZIP 98005 (Bellevue, Washington) is worth about $1,567,000 at roughly $617 per square foot — about the same as the Bellevue median and 433% more expensive than the typical U.S. home.

$1,567,000

Typical home value

$617

Price per sq ft

#3 of 5

Bellevue ZIPs by value

+0%

vs Bellevue median

How 98005 compares

ZIP 98005 is a mid-priced ZIP code for Bellevue: its typical home value of $1,567,000 ranks #3 of the 5 Bellevue ZIP codes we track (the citywide range runs from $1,020,000 in 98007 to $1,989,000 in 98004). Per square foot it costs about $617, against $617 for Bellevue as a whole, $317 for Washington, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 98005	$1,567,000	$617
Bellevue, WA	$1,567,000	$617
Washington	$519,500	$317
United States	$294,000	$195

Home value by size in 98005

Using this ZIP’s rate of about $617 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$617,000
1,500 sq ft	$925,500
2,000 sq ft	$1,234,000
2,500 sq ft	$1,542,500
3,000 sq ft	$1,851,000

Salary needed to buy a home in ZIP 98005

To buy the typical $1,567,000 home in ZIP 98005 with 20% down, you need a household income of roughly $426,000 a year (about $9,950 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $507,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$78,400	$12,360/mo	$530,000/yr
10% (+PMI)	$156,700	$11,820/mo	$507,000/yr
20%	$313,400	$9,950/mo	$426,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 98005

At about $617 per square foot, here is roughly how much home different budgets get you in ZIP 98005:

Budget	Approx. size	What that looks like locally
$750k	1220 sq ft	below the local median — condos, smaller or older homes
$1.00M	1620 sq ft	below the local median — condos, smaller or older homes
$1.50M	2430 sq ft	around the typical home here
$2.00M	3240 sq ft	around the typical home here
$3.00M	4860 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 98005 home.

Estimate a specific home in 98005

The estimator below is pre-set to ZIP 98005 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Bellevue ZIP codes by home value

Where 98005 sits among Bellevue’s 5 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	98004	$1,989,000	$944
2	98006	$1,611,000	$614
3	98005 (this page)	$1,567,000	$617
4	98008	$1,353,000	$675
5	98007	$1,020,000	$501

ZIP 98005 home prices: frequently asked

What is the average home price in ZIP code 98005? +

The typical home in ZIP 98005 (Bellevue, WA) is worth about $1,567,000 as of 2026. That is about the same as the Bellevue median of $1,567,000 and 433% more expensive than the U.S. median of $294,000.

What is the price per square foot in 98005? +

About $617 per square foot in 98005, versus $617 across Bellevue and $317 across Washington. At that rate a 1,500 sq ft home runs roughly $925,500 and a 2,500 sq ft home about $1,542,500.

What salary do you need to buy a house in ZIP 98005? +

For the typical $1,567,000 home in ZIP 98005, a household income of about $426,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $507,000; with 5% down about $530,000.

Is 98005 an expensive ZIP code? +

Within Bellevue, 98005 ranks #3 of 5 ZIP codes by typical home value, which makes it a mid-priced ZIP code for Bellevue. Nationally it is relatively expensive.

See the full Bellevue home values page, all Washington cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.