{
  "schema_version": "1.0",
  "submarket": {
    "slug": "downtown-bellevue-wa",
    "name": "Downtown Bellevue",
    "state": "WA",
    "city": "BELLEVUE",
    "cbsa": "Seattle-Tacoma-Bellevue",
    "zip_codes": [
      "98004",
      "98005"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:53:08.153Z",
    "last_updated_at": "2026-06-02T13:44:11.384Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 2538,
        "low": 2399,
        "high": 2678,
        "mom_pct": -2.027787610619469,
        "yoy_pct": -2.182920353982301
      },
      "2br": {
        "median": 3298,
        "low": 3116,
        "high": 3479,
        "mom_pct": 1.686088888888889,
        "yoy_pct": 2.8516
      },
      "3br": {
        "median": 3709,
        "low": 3523,
        "high": 3894,
        "mom_pct": 0.16758620689655176,
        "yoy_pct": 1.2020689655172414
      },
      "4br": {
        "median": 4530,
        "low": 4429,
        "high": 4666,
        "mom_pct": 0.34111111111111114,
        "yoy_pct": 1.6322222222222225
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 2628,
        "low": 2549,
        "high": 2707,
        "mom_pct": 0.013333333333333378,
        "yoy_pct": -0.2366666666666667
      },
      "2br": {
        "median": 3191,
        "low": 3025,
        "high": 3357,
        "mom_pct": 2.5404347826086955,
        "yoy_pct": -3.0578260869565215
      },
      "3br": {
        "median": 3811,
        "low": 3678,
        "high": 3945,
        "mom_pct": 2.1733333333333333,
        "yoy_pct": 1.7100000000000002
      },
      "4br": {
        "median": 4495,
        "low": 4425,
        "high": 4652,
        "mom_pct": 0.3428571428571429,
        "yoy_pct": 0.8914285714285713
      }
    },
    "single_family": {
      "1br": {
        "median": 2752,
        "low": 2731,
        "high": 2853,
        "mom_pct": 0.02,
        "yoy_pct": 3.28
      },
      "2br": {
        "median": 3172,
        "low": 3088,
        "high": 3286,
        "mom_pct": 0.46818181818181814,
        "yoy_pct": 3.5481818181818183
      },
      "3br": {
        "median": 4045,
        "low": 3903,
        "high": 4187,
        "mom_pct": 0.9366666666666665,
        "yoy_pct": 1.2733333333333334
      },
      "4br": {
        "median": 4534,
        "low": 4308,
        "high": 4761,
        "mom_pct": -2.7381818181818183,
        "yoy_pct": -1.5627272727272727
      }
    }
  },
  "vacancy": 3.6628,
  "days_on_market": {
    "apartment": 30,
    "condo_townhome": 30,
    "single_family": 24
  },
  "ai_summary": [
    {
      "headline": "1BR apartments see 2.18% YoY decline",
      "body": "In the Downtown Bellevue (98004, 98005) rental market, 1-bedroom apartments posted a median rent of $2,538 in April 2026, down -2.18% year-over-year and -2.03% month-over-month. This signals a downturn for entry-level apartment rentals compared to prior months."
    },
    {
      "headline": "2BR condo/townhomes trail apartments by $107",
      "body": "Median rent for 2-bedroom condo/townhomes in Downtown Bellevue (98004, 98005) reached $3,191, which is $107 below 2-bedroom apartments at $3,298. Although condo/townhomes increased 2.54% MoM, their YoY change was a -3.06% drop, indicating lagging performance versus apartments."
    },
    {
      "headline": "Single-family 1BR rises 3.3% YoY to $2,752",
      "body": "Rental demand for 1-bedroom single-family homes increased, as Downtown Bellevue (98004, 98005) rental trends show this segment at $2,752—registering a 3.28% rise year-over-year and outpacing 1BR apartments by $214 in April 2026."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Downtown Bellevue, WA range from $2,538 to $4,534 per month depending on property type and bedroom count.",
      "The largest year-over-year change was a -3.06% decline for 2-bedroom condo/townhome units in Downtown Bellevue, WA.",
      "For 2-bedroom rentals, apartments are priced at $3,298 while single-family homes are at $3,172."
    ],
    "qa": [
      {
        "question": "What is the typical rent range in Downtown Bellevue, WA as of April 2026?",
        "answer": "In April 2026, rents in Downtown Bellevue, WA range from $2,538 for a 1-bedroom apartment to $4,534 for a 4-bedroom single-family home."
      },
      {
        "question": "Are rents overall increasing, decreasing, or showing mixed changes across segments in Downtown Bellevue, WA?",
        "answer": "Rents in Downtown Bellevue, WA show mixed trends as of April 2026, with some segments like 2-bedroom apartments rising 2.85% year-over-year, while others like 2-bedroom condo/townhomes decreased -3.06% YoY."
      },
      {
        "question": "Which rental segment in Downtown Bellevue, WA saw the largest annual decrease, and was this drop broad or limited to one type?",
        "answer": "The largest annual decline was for 2-bedroom condo/townhome units, which fell -3.06% year-over-year in April 2026, while other bedroom counts for condo/townhomes had smaller or even positive changes, indicating the drop was concentrated in 2-bedrooms."
      },
      {
        "question": "What is the most affordable rental option in Downtown Bellevue, WA as of April 2026?",
        "answer": "The most affordable median rent in Downtown Bellevue, WA is $2,538 per month for a 1-bedroom apartment."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 2538,
          "2br": 3298,
          "3br": 3709,
          "4br": 4530
        },
        "condo_townhome": {
          "1br": 2628,
          "2br": 3191,
          "3br": 3811,
          "4br": 4495
        },
        "single_family": {
          "1br": 2752,
          "2br": 3172,
          "3br": 4045,
          "4br": 4534
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 2564,
          "2br": 3219,
          "3br": 3740,
          "4br": 4515
        },
        "condo_townhome": {
          "1br": 2633,
          "2br": 3114,
          "3br": 3602,
          "4br": 4480
        },
        "single_family": {
          "1br": 2751,
          "2br": 3159,
          "3br": 4047,
          "4br": 4580
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 2476,
          "2br": 3214,
          "3br": 3673,
          "4br": 4546
        },
        "condo_townhome": {
          "1br": 2639,
          "2br": 3167,
          "3br": 3612,
          "4br": 4508
        },
        "single_family": {
          "1br": 2771,
          "2br": 3194,
          "3br": 4010,
          "4br": 4560
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 2482,
          "2br": 3140,
          "3br": 3723,
          "4br": 4611
        },
        "condo_townhome": {
          "1br": 2628,
          "2br": 3168,
          "3br": 3616,
          "4br": 4565
        },
        "single_family": {
          "1br": 2802,
          "2br": 3209,
          "3br": 4043,
          "4br": 4604
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 2452,
          "2br": 3159,
          "3br": 3811,
          "4br": 4686
        },
        "condo_townhome": {
          "1br": 2630,
          "2br": 3132,
          "3br": 3703,
          "4br": 4645
        },
        "single_family": {
          "1br": 2823,
          "2br": 3238,
          "3br": 4066,
          "4br": 4676
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 2538,
          "2br": 3324,
          "3br": 3827,
          "4br": 4716
        },
        "condo_townhome": {
          "1br": 2668,
          "2br": 3126,
          "3br": 3702,
          "4br": 4686
        },
        "single_family": {
          "1br": 2838,
          "2br": 3252,
          "3br": 4076,
          "4br": 4717
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 2575,
          "2br": 3234,
          "3br": 3800,
          "4br": 4721
        },
        "condo_townhome": {
          "1br": 2668,
          "2br": 3173,
          "3br": 3708,
          "4br": 4698
        },
        "single_family": {
          "1br": 2838,
          "2br": 3243,
          "3br": 4119,
          "4br": 4747
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 2618,
          "2br": 3196,
          "3br": 3804,
          "4br": 4705
        },
        "condo_townhome": {
          "1br": 2696,
          "2br": 3125,
          "3br": 3825,
          "4br": 4699
        },
        "single_family": {
          "1br": 2831,
          "2br": 3245,
          "3br": 4197,
          "4br": 4754
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 2652,
          "2br": 3235,
          "3br": 3778,
          "4br": 4674
        },
        "condo_townhome": {
          "1br": 2708,
          "2br": 3119,
          "3br": 3808,
          "4br": 4689
        },
        "single_family": {
          "1br": 2815,
          "2br": 3217,
          "3br": 4156,
          "4br": 4760
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 2703,
          "2br": 3344,
          "3br": 3746,
          "4br": 4620
        },
        "condo_townhome": {
          "1br": 2727,
          "2br": 3292,
          "3br": 3853,
          "4br": 4652
        },
        "single_family": {
          "1br": 2785,
          "2br": 3184,
          "3br": 4197,
          "4br": 4702
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 2679,
          "2br": 3233,
          "3br": 3706,
          "4br": 4576
        },
        "condo_townhome": {
          "1br": 2707,
          "2br": 3289,
          "3br": 3816,
          "4br": 4593
        },
        "single_family": {
          "1br": 2746,
          "2br": 3174,
          "3br": 4119,
          "4br": 4606
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 2628,
          "2br": 3261,
          "3br": 3661,
          "4br": 4511
        },
        "condo_townhome": {
          "1br": 2675,
          "2br": 3331,
          "3br": 3766,
          "4br": 4516
        },
        "single_family": {
          "1br": 2699,
          "2br": 3119,
          "3br": 4052,
          "4br": 4599
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/downtown-bellevue-wa/",
    "self": "https://data.estaite.com/feeds/downtown-bellevue-wa.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}