Most Expensive Belmont Neighborhoods
Belmont is a medium-sized town located in the state of Massachusetts. With a population of 25,496 people and eight constituent neighborhoods, Belmont is the 75th largest community in Massachusetts. Much of the housing stock in Belmont was built prior to World War II, making it one of the older and more historic towns in the country.
Belmont home prices are not only among the most expensive in Massachusetts, but Belmont real estate also consistently ranks among the most expensive in America.
Belmont is a decidedly white-collar town, with fully 93.64% of the workforce employed in white-collar jobs, well above the national average. Overall, Belmont is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Belmont who work in management occupations (14.64%), teaching (10.26%) and office and administrative support (9.96%).
Also of interest is that Belmont has more people living here who work in computers and math than 95% of the places in the US.
And if you like science, one thing you'll find is that Belmont has lots of scientists living in town - whether they be life scientists, physical scientists (like astronomers), or social scientists (like geographers!). So, if you're scientific-minded, you might like it here too.
Of important note, Belmont is also a town of artists. Belmont has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Belmont’s character.
Telecommuters are a relatively large percentage of the workforce: 9.25% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Belmont is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Because of many things, Belmont is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Belmont really has some of the features that families look for when choosing a good community to raise children. Is Belmont perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Although the majority of commuting trips in the town are by private automobile, Belmont is somewhat unusual for a town of its size for having a substantial number of people who use public transportation. For a lot of people, the bus helps to get to and from their jobs every morning, which benefits everyone in the Belmont area by reducing both traffic and air pollution.
If knowledge is power, Belmont is a pretty powerful place. 71.24% of the adults in Belmont have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Belmont in 2010 was $55,996, which is wealthy relative to Massachusetts and the nation. This equates to an annual income of $223,984 for a family of four.
Belmont is a somewhat ethnically-diverse town. The people who call Belmont home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Belmont residents report their race to be White, followed by Asian. Important ancestries of people in Belmont include Irish, Italian, English, German, Armenian and Scottish.
Foreign born people are also an important part of Belmont's cultural character, accounting for 21.93% of the town’s population.
The languages spoken by people in Belmont are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Belmont is English. Other important languages spoken here include Chinese, Spanish and Armenian.
|NUMBER OF HOMES AND APARTMENTS||9,292|
|BELMONT HOME OWNERSHIP|
|% OWNER OCCUPIED||61.19%|
|% RENTER OCCUPIED||38.81%|
|TYPE OF BELMONT HOMES|
|SINGLE FAMILY DETACHED||45.30%|
|ROWHOUSES AND ATTACHED HOMES||4.33%|
|SMALL APARTMENT BUILDINGS||42.86%|
|COMPLEXES OR HIGH RISE APARTMENTS||7.40%|
|SIZE OF BELMONT HOMES|
|5 OR MORE BEDROOMS||10.06%|
|AGE OF BELMONT HOMES|
|NEWER HOMES (2000 OR LATER)||2.90%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||9.74%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||26.14%|
|HISTORIC (1939 OR BEFORE)||61.23%|
|BELMONT REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$745,725|
|MEDIAN RENTAL PRICE||$1,964|
|HOME VALUE RANGE|
|$0 - $58,000||0.90%|
|$58,001 - $117,000||0.35%|
|$117,001 - $234,000||1.01%|
|$234,001 - $350,000||4.56%|
|$350,001 - $467,000||7.69%|
|$467,001 - $584,000||8.36%|
|$584,001 - $876,000||43.49%|
|$876,001 - $1,168,000||21.25%|
|PEOPLE OF BELMONT||DETAILS|
|UNDER 5 YEARS||5.47%|
|5 TO 17||18.97%|
|18 TO 24||5.93%|
|25 TO 34||11.51%|
|35 TO 54||30.47%|
|55 TO 64||12.06%|
|65 YEARS AND OVER||15.59%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||96.77%|
|MEDIAN HOUSEHOLD INCOME||$105,859|
|PER CAPITA INCOME||$55,996|
|INDIVIDUALS BELOW POVERTY LEVEL||5.81%|
|INDUSTRIES PEOPLE WORK IN||Education (18.41%)
Professional, scientific, and technical services (18.20%)
Public Service (3.19%)
Information Technology (2.68%)
Real estate (2.25%)
|BLACK OR AFRICAN AMERICAN||2.36%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.11%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.02%|
|SOME OTHER RACE ALONE||0.83%|
|TWO OR MORE RACES||2.19%|
|HISPANIC OR LATINO (OF ANY RACE)||5.16%|
|ETHNICITIES PRESENT||Irish (21.12%)
French Canadian (2.36%)
|LANGUAGES SPOKEN||English (70.74%)
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