Belmont appreciation rates and housing market information

Belmont housing market information

With 8,713 people, 3,514 houses or apartments, and a median cost of homes of $146,158, Belmont real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Belmont, accounting for 72.82% of the city's housing units. Other types of housing that are prevalent in Belmont include mobile homes or trailers (10.39%), large apartment complexes or high rise apartments (9.39%), duplexes, homes converted to apartments, or other small apartment buildings (5.26%), and a few row houses and other attached homes (1.79%).

Dwellings in Belmont tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 52.84% of the homes in Belmont have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Belmont's housing was primarily built during this period, from the '40s through the '60s. A full 43.23% of the city's housing hails from this era. Other housing ages represented in Belmont include homes built between 1970-1994 (29.65%), and housing constructed from 1939 and earlier (16.28%). There's also some housing in Belmont built between 1995 and later (10.84%).

Belmont home appreciation rates

Real estate appreciation rates in Belmont have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.92% during the period.

NeighborhoodScout's data show that during the latest twelve months, Belmont home appreciation rates, at 2.49%, have been at or slightly above the national average. In the latest quarter, Belmont's appreciation rate has been -0.01%, which annualizes to a rate of -0.04%.

Relative to North Carolina, our data show that Belmont's latest annual appreciation rate is higher than 51% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Belmont differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Belmont - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Belmont real estate investment or home purchase decisions.