Buying the median home in Bellevue means financing $265,000. Against the area's $72,000 median household income, that works out to a 3.7x price-to-income ratio.
Property taxes in Bellevue run 1.7% of assessed value, above the 1.1% national average. On the median home, that's $4,505 a year, or $375 added to the monthly payment.
Nebraska levies a state income tax on top of the $1,867/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
Bellevue's cost of living index is 90, below the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Bellevue's median home price runs 4% higher than nearby Omaha: $255,000 there versus $265,000 here.