Belton, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Belton, MO 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

Belton Housing Market Information

With a population of 23,168, 8,338 total housing units (homes and apartments), and a median house value of $125,799, 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 62.04% of the city's housing units. Other types of housing that are prevalent in Belton include mobile homes or trailers ( 9.99%), duplexes, homes converted to apartments or other small apartment buildings ( 9.72%), and a few row houses and other attached homes ( 9.14%).

The most prevalent building size and type in Belton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.92% owning and 37.08% renting.

There is a lot of housing in Belton built from 1970 to 1999 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 between 1940-1969 ( 24.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.97%). There's also some housing in Belton built before 1939 ( 3.65%).

Vacant housing appears to be an issue in Belton. Fully 11.65% of the housing stock is classified as vacant. Left unchecked, vacant Belton homes and apartments can be a drag on the real estate market, holding Belton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Belton Home Appreciation Rates

Real estate appreciation rates in Belton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.27% during the period.

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 6.68%, which is higher than appreciation rates in 79.08% 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 -0.04%, which equates to an annual appreciation rate of -0.17%.

Relative to Missouri, our data show that Belton's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.

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

Average Home Values

 

Median Home Value:
$125,799

Belton, MO HOME PRICES

Value Range
> $1,133,000 0.8
$850,001 - $1,133,000 1.4
$566,001 - $850,000 0.8
$453,001 - $566,000 0.5
$340,001 - $453,000 1.5
$226,001 - $340,000 5.9
$113,001 - $226,000 57.0
$56,001 - $113,000 17.9
$0 - $56,000 14.1

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
62.1176608461268 47.2

Number Of Homes And Apartments:
8,338

Belton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
22.68% 1.19% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,254 / per month

Homeownership Rate

Homeownership
Owners 62.92
Renters 37.08
Vacant 11.65

Housing Market Details

 

Age of Homes

AGE OF Belton HOMES
2000 or Newer 19.0
1970 - 1999 52.7
1940 - 1969 24.7
1939 or Older 3.6

Types of Homes

TYPE OF Belton HOMES
Single-Family 62.0
Townhomes 9.1
Small Apt. Buildings 9.7
Apt. Complexes 9.0
Mobile Homes 10.0
Other 0.1

Home Size

SIZE OF Belton HOMES
No Bedroom 0.48
1 Bedroom 5.27
2 Bedrooms 18.41
3 Bedrooms 60.05
4 Bedrooms 14.86
5 or more bedrooms 0.94