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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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 23,598, 8,896 total housing units (homes and apartments), and a median house value of $183,588, Belton real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Belton, accounting for 65.11% of the city's housing units. Other types of housing that are prevalent in Belton include large apartment complexes or high rise apartments ( 9.48%), row houses and other attached homes ( 9.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Belton. Owner-occupied housing accounts for 65.15% of Belton's homes, and 70.78% have either three or four bedrooms, which is average sized relative to America.

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 ( 22.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.66%). There's also some housing in Belton built before 1939 ( 3.28%).

Belton Home Appreciation Rates

Appreciation rates for homes in Belton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 30.47%, which ranks in the top 40% nationwide. This equates to an annual average Belton house appreciation rate of 2.70%.

NeighborhoodScout's data show that during the latest twelve months, Belton's appreciation rate, at 4.83%, has been at or slightly above the national average. In the latest quarter, Belton's appreciation rate has been 0.07%, which annualizes to a rate of 0.26%.

Notably, Belton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Missouri, our data show that Belton's latest annual appreciation rate is higher than 70% 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:
$183,588

Belton, MO HOME PRICES

Value Range
> $1,266,000 1.0
$949,001 - $1,266,000 0.9
$633,001 - $949,000 1.7
$506,001 - $633,000 0.7
$380,001 - $506,000 1.9
$253,001 - $380,000 11.6
$127,001 - $253,000 57.0
$63,001 - $127,000 16.1
$0 - $63,000 9.1

High for MO
Average for Nation

Value Relative to Nation Value Relative to State
45.2321167883212 26.8

Number Of Homes And Apartments:
8,896

Belton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
50.91% 2.08%
5
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,388 / per month

Homeownership Rate

Homeownership
Owners 65.15
Renters 34.85
Vacant 7.44

Housing Market Details

 

Age of Homes

AGE OF Belton HOMES
2000 or Newer 20.7
1970 - 1999 53.2
1940 - 1969 22.8
1939 or Older 3.3

Types of Homes

TYPE OF Belton HOMES
Single-Family 65.1
Townhomes 9.4
Small Apt. Buildings 8.7
Apt. Complexes 9.5
Mobile Homes 7.2
Other 0.1

Home Size

SIZE OF Belton HOMES
No Bedroom 0.94
1 Bedroom 7.88
2 Bedrooms 17.31
3 Bedrooms 55.03
4 Bedrooms 15.75
5 or more bedrooms 3.09