Bellevue, Washington, has experienced significant economic growth in recent years, solidifying its position as a dynamic regional center. This article provides an overview of the city’s economic landscape, focusing on employment trends, housing market dynamics, and the impact of tourism.
Employment Trends
With over 150,000 jobs, Bellevue stands as the second-largest city in Washington State in terms of employment. The city’s job market has shown resilience, with an average annual growth rate of 1.12% since 2000. Projections indicate that by 2035, the number of jobs in Bellevue is expected to reach 192,800. This growth underscores Bellevue’s role as a robust and diverse economic hub.
Housing Market Dynamics
The housing market in Bellevue reflects the city’s economic vitality. As of May 2026, the average home value is $1,499,175, marking a 3.7% decrease over the past year. Homes typically go pending in around 11 days, indicating a competitive market. The median sale price per square foot stands at $662, down 8.7% from the previous year. These figures highlight the dynamic nature of Bellevue’s real estate sector.
Tourism’s Economic Impact
Tourism plays a pivotal role in Bellevue’s economy. In 2025, the city welcomed 2.2 million overnight visitors, resulting in $760 million in spending and a total economic impact of $2.03 billion. This sector supports approximately 14,000 hospitality industry jobs and generates $142 million in state and local taxes. The introduction of the “UnExpect it” brand platform reflects Bellevue’s evolution into a globally connected city, emphasizing its culinary depth, cultural richness, natural beauty, and innovation.
Community Sentiment
Community sentiment remains positive, with 75% of voters indicating that Bellevue is headed in the right direction. Additionally, 96% feel safe downtown during the day, and 86% hold a favorable view of the Police Department. However, 74% express concerns about their personal finances, highlighting the need for continued economic development and support for residents.
In summary, Bellevue’s economic landscape is characterized by steady employment growth, a dynamic housing market, and a thriving tourism sector. The city’s commitment to strategic development and community engagement positions it well for sustained prosperity in the years to come.