Belmont, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Belmont Neighborhoods Since 2000




Belmont, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Belmont Housing Market Information

With 25,584 people, 9,504 houses or apartments, and a median cost of homes of $899,888, Belmont house prices are not only among the most expensive in Massachusetts, 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 45.64% of the town's housing units. Other types of housing that are prevalent in Belmont include duplexes, homes converted to apartments or other small apartment buildings ( 43.01%), large apartment complexes or high rise apartments ( 7.18%), and a few row houses and other attached homes ( 4.16%).

The most prevalent building size and type in Belmont are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.75% owning and 37.25% renting.

The housing in Belmont was primarily built before 1939 ( 60.75%), making the housing stock in Belmont some of the oldest overall in America, although there is a range of ages of homes in Belmont. The next most important housing age is between 1940-1969 ( 27.02%), followed by between 1970-1999 ( 9.10%). There's also some housing in Belmont built between 2000 and later ( 3.14%).

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 34.97% over the last ten years, which is an average annual home appreciation rate of 3.04%, 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.

NeighborhoodScout's data show that during the latest twelve months, Belmont's appreciation rate, at 4.59%, has been at or slightly above the national average. In the latest quarter, Belmont's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. 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:
$899,888

Belmont, MA HOME PRICES

Value Range
> $1,233,000 13.4
$925,001 - $1,233,000 24.1
$616,001 - $925,000 39.5
$493,001 - $616,000 7.9
$370,001 - $493,000 8.2
$246,001 - $370,000 5.0
$123,001 - $246,000 0.6
$62,001 - $123,000 0.2
$0 - $62,000 1.0

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
1.42974334934958 3.52564102564103

Number Of Homes And Apartments:
9,504

Belmont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
76.87% 3.36% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,560 / per month

Homeownership Rate

Homeownership
Owners 62.75
Renters 37.25
Vacant 5.98

Housing Market Details

 

Age of Homes

AGE OF Belmont HOMES
2000 or Newer 3.1
1970 - 1999 9.1
1940 - 1969 27.0
1939 or Older 60.7

Types of Homes

TYPE OF Belmont HOMES
Single-Family 45.6
Townhomes 4.2
Small Apt. Buildings 43.0
Apt. Complexes 7.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Belmont HOMES
No Bedroom 0.73
1 Bedroom 7.91
2 Bedrooms 28.89
3 Bedrooms 35.06
4 Bedrooms 18.58
5 or more bedrooms 8.83