Belmont, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Belmont, CA Real Estate Data


Belmont Housing Market Information

With a population of 27,218, 10,493 total housing units (homes and apartments), and a median house value of $1,336,758, Belmont house prices are not only among the most expensive in California, Belmont real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Belmont, accounting for 59.49% of the city's housing units. Other types of housing that are prevalent in Belmont include large apartment complexes or high rise apartments ( 32.34%), row houses and other attached homes ( 4.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.35%).

The most prevalent building size and type in Belmont are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.57% owning and 40.43% renting.

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 65.80% of the city's housing hails from this era. Other housing ages represented in Belmont include homes built between 1970-1999 ( 29.08%) and housing constructed before 1939 ( 3.42%). There's also some housing in Belmont built between 2000 and later ( 1.70%).

Belmont Home Appreciation Rates

In the last 10 years, Belmont has experienced some of the highest home appreciation rates of any community in the nation. Belmont real estate appreciated 47.40% over the last ten years, which is an average annual home appreciation rate of 3.96%, putting Belmont in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Belmont definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Belmont that despite a nationwide downturn in the housing market, Belmont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belmont appreciation rates continue to be some of the highest in America, at 6.89%, which is higher than appreciation rates in 83.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belmont. Belmont appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.92%.

Relative to California, our data show that Belmont's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

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 2000, to assist you in making the best Belmont real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,336,758

Belmont, CA HOME PRICES

Value Range
> $1,513,000 32.9
$1,134,001 - $1,513,000 40.5
$756,001 - $1,134,000 19.7
$605,001 - $756,000 1.7
$454,001 - $605,000 1.6
$302,001 - $454,000 1.7
$151,001 - $302,000 0.9
$76,001 - $151,000 0.8
$0 - $76,000 0.2

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.597294606781051 6.60501981505945

Number Of Homes And Apartments:
10,493

Rent & Ownership

 

Average Market Rent:
$2,785 / per month

Homeownership Rate

Homeownership
Owners 59.57
Renters 40.43
Vacant 2.95

Housing Market Details

 

Age of Homes

AGE OF Belmont HOMES
2000 or Newer 1.7
1970 - 1999 29.1
1940 - 1969 65.8
1939 or Older 3.4

Types of Homes

TYPE OF Belmont HOMES
Single-Family 59.5
Townhomes 4.8
Small Apt. Buildings 3.3
Apt. Complexes 32.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Belmont HOMES
No Bedroom 4.65
1 Bedroom 19.06
2 Bedrooms 16.95
3 Bedrooms 34.03
4 Bedrooms 20.88
5 or more bedrooms 4.42

Belmont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
119.50% 4.73% 9 10
* 10 is highest