Belton, MO Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Belton, MO Housing Market Trends

With a population of 23,642, 8,716 total housing units (homes and apartments), and a median house value of $196,462, 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 64.29% of the city's housing units. Other types of housing that are prevalent in Belton include row houses and other attached homes ( 11.58%), duplexes, homes converted to apartments or other small apartment buildings ( 8.76%), and a few large apartment complexes or high rise apartments ( 7.85%).

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 64.28% owning and 35.72% 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 ( 23.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.86%). There's also some housing in Belton built before 1939 ( 2.59%).

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 58.67%, which ranks in the top 30% nationwide. This equates to an annual average Belton house appreciation rate of 4.73%.

NeighborhoodScout's data show that during the latest twelve months, Belton's appreciation rate, at 10.04%, has been at or slightly above the national average. In the latest quarter, Belton's appreciation rate has been 2.48%, which annualizes to a rate of 10.31%.

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:
$196,462

Belton, MO HOME PRICES

> $1,345,000
1.3%
1.3%
$1,009,001 - $1,345,000
1.3%
1.3%
$673,001 - $1,009,000
1.6%
1.6%
$538,001 - $673,000
0.5%
0.5%
$403,001 - $538,000
2.3%
2.3%
$269,001 - $403,000
13.0%
13.0%
$134,001 - $269,000
57.0%
57.0%
$67,001 - $134,000
15.0%
15.0%
$0 - $67,000
7.9%
7.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for MO

Value Relative To Nation

Number Of Homes And Apartments:
8,716

Belton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
71.25% 2.53%
6
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,592 / per month

Homeownership Rate

Owners
64.3%
64.3%
Renters
35.7%
35.7%
Vacant
7.5%
7.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.9%
20.9%
1970 - 1999
53.2%
53.2%
1940 - 1969
23.4%
23.4%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.3%
64.3%
Townhomes
11.6%
11.6%
Small Apt. Buildings
8.8%
8.8%
Apt. Complexes
7.9%
7.9%
Mobile Homes
7.5%
7.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
6.8%
6.8%
2 Bedrooms
15.9%
15.9%
3 Bedrooms
56.5%
56.5%
4 Bedrooms
16.9%
16.9%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES