Bellevue, WA
Landlord insurance in Bellevue, Washington
Coverage for rental homes and 2–4 unit buildings in Bellevue, with local Census housing data. A quote is not a binder.
Census estimates put Bellevue's renter-occupied share at 48%, or roughly 29,743 of 61,977 occupied homes. Compared with 36% across Washington, that is above average, and it tells you a lot about the local rental stock owners are insuring.
Key housing figures for Bellevue, WA
| Measure | Bellevue | Washington |
|---|---|---|
| Renter-occupied homes | 48% (29,743) | 36% |
| Median owner-occupied home value | $1,340,300 | $564,600 |
| Median gross rent | $2,572/mo | $1,760/mo |
| Median year structure built | 1982 | 1985 |
| Homes in 2–4 unit buildings | 5% | 6% |
| Single-family homes (detached or attached) | 52% | 66% |
Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.
Setting coverage on a Bellevue rental
Homes in Bellevue carry a median value near $1,340,300 according to the Census, compared with $564,600 statewide. Because land is never rebuilt, many owners find their rebuild estimate differs from that figure in either direction.
NAIC data for 2023 shows an average Washington dwelling-fire premium of $795 in the $1,000,000 and over coverage band, which brackets Bellevue's median value; across all coverage amounts the state average was $886. Treat it as background, since landlord pricing depends on the building and occupancy.
How much rent to protect in Bellevue
With median gross rent near $2,572 per month, twelve months of interrupted income in Bellevue comes to about $30,864 for a single unit. Multiply by your unit count when you size loss-of-rents coverage.
Older vs. newer rentals in Bellevue
With a median year built of 1982, many Bellevue rentals are reaching the age where original roofs, water heaters, and HVAC units are replaced. Note those dates on your request.
Bellevue's mix of rental buildings
Bellevue's housing is mixed: about 52% single-family, 5% in 2–4 unit buildings, and 42% in buildings of five or more units. Dwelling forms fit up to four units; larger buildings need commercial apartment coverage.
Bellevue versus other large Washington communities
Seattle has a renter share of 56% with homes valued around $938,600 at the median. Nearby Kent reports 43% renter households and a $587,800 median home value, so proportionally fewer renters than Bellevue. In Renton, 46% of occupied homes are rented and the median value is $672,600. Bellevue places 10 of 30 profiled Washington cities by share of rented homes. Roughly 42% of homes in Bellevue are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Natural hazards Bellevue landlords plan for
In Bellevue, think about winter windstorms and heavy rain west of the Cascades first, then wildfire and smoke in drier eastern counties. Both appear frequently in Washington property claims and can change which policy form and deductible make sense.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Requesting coverage for a Bellevue rental
- Current insurer and any losses in five years
- Lender name for the mortgagee clause
- How much liability and lost rent you want covered
- The Bellevue address and how many units it has
- When the building went up and when the roof was last replaced
- Lease type and whether the unit is ever empty
- Electrical, plumbing, and heating update years
Request a Bellevue landlord quote
Questions from Bellevue rental owners
What share of Bellevue homes are rentals?
About 48% of occupied homes in Bellevue, roughly 29,743 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Bellevue landlords have to carry insurance?
Washington law does not require landlord insurance, but lenders usually require property coverage, and many leases, HOAs, and property managers require liability coverage.
What is a typical landlord premium in Bellevue?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Washington dwelling-fire average of $886; see our Washington page for the full table.
Other Washington cities
Landlord insurance in Washington · Cost by state
Last updated October 15, 2026. Sources and method: how we research.