Belton appreciation rates and housing market information

Belton housing market information

With a population of 14,713, 5,139 total housing units (homes and apartments), and a median house value of $103,063, house prices in Belton are solidly below the national average.

single-family detached homes are the single most common housing type in Belton, accounting for 62.85% of the city's housing units. Other types of housing that are prevalent in Belton include large apartment complexes or high rise apartments (17.71%), duplexes, homes converted to apartments, or other small apartment buildings (9.09%), mobile homes or trailers (6.27%), and a few row houses and other attached homes (4.09%).

People in Belton primarily live in small (one, two, or no bedroom) single-family detached homes. Belton has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Belton built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Belton built from 1940-1969 (34.79%). A lesser amount of the housing stock also hails from 1995 and later (12.78%), and some were built from 1939 and earlier (12.78%).

Belton home appreciation rates

Belton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Belton during the period has been just 6.15%, which is lower than % of US communities.

Appreciation rates are so strong in Belton that despite a nationwide downturn in the housing market, Belton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belton appreciation rates continue to be some of the highest in America, at 3.25%, which is higher than appreciation rates in 77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belton. Belton appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Texas, our data show that Belton's latest annual appreciation rate is higher than 46% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Belton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Belton - 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 Belton real estate investment or home purchase decisions.