Bellevue, facing Seattle across Lake Washington, is already one of the most expensive markets on the West Coast, with distinct price ranges within it.

The median home price in Bellevue is around $1.5 to $1.7 million, placing it in the upper tier compared to the national average. This is due to the concentration of high-income professionals, with major tech headquarters like Microsoft and Amazon nearby.

The Meydenbauer and West Bellevue areas in western Bellevue offer views of the city and Lake Washington, featuring a mix of large condos and single-family homes, with median prices often exceeding $2 million. Somerset, located on the southeastern hills of Bellevue, is a quiet single-family home community that maintains a median price range of $2.2 to $2.8 million, thanks to excellent public schools and spacious lots.

Medina, located right next to Bellevue, is well-known as an ultra-high-end area where tech founders like Bill Gates reside. Most of the waterfront properties along Lake Washington have median prices ranging from $4 million to $5 million, making it one of the top areas in Washington State.

Clyde Hill and Hunts Point are also frequently mentioned. Both are small municipalities with populations under a few thousand, with Clyde Hill having a median price of $3.5 to $4.5 million, and Hunts Point often exceeding $5 million, making them some of the most expensive residential areas in the region.

• Medina: Median price around $4 million to $5 million, residence of tech founders
• Clyde Hill: $3.5 million to $4.5 million, small top-tier municipality
• Somerset (in Bellevue): $2.2 million to $2.8 million, single-family home community with excellent schools

Comparing the overall median price in Bellevue to that of Medina reveals a gap of about three times. This can be interpreted as a result of waterfront location, school districts, and the longstanding presence of tech founders.

With a significant Korean population centered around the Bellevue Crossroads area, there is an increasing trend of Korean professional families with some wealth moving to Somerset or West Bellevue. While the entry barriers to Medina or Clyde Hill are high, families considering both school districts and asset growth may find Somerset a realistic target.