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Real Estate Prices & Overview

Belmont median real estate price is $355,493, which is more expensive than 62.3% of the neighborhoods in Pennsylvania and 46.0% of the neighborhoods in the U.S.

The average rental price in Belmont is currently $2,077, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.1% of the neighborhoods in Pennsylvania.

Belmont is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.

Belmont real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Belmont neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Belmont. The current real estate vacancy rate here is 26.5%. This is higher than the rate of vacancies in 93.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Belmont neighborhood could be your paradise. With 67.6% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 0.5% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Belmont neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 67.8% of the residential real estate in the Belmont neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Belmont neighborhood has more single mother households than 97.8% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Belmont neighborhood have a highly unusual car ownership. 32.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.5% of U.S. neighborhoods.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 97.5% of U.S. neighborhoods.

Diversity

Did you know that the Belmont neighborhood has more Native American and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.0% of this neighborhood's residents have Native American ancestry and 1.1% have Slovak ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Belmont neighborhood in Philadelphia are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.0% of U.S. neighborhoods. With 22.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.5% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Belmont neighborhood, 34.5% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.2%), and 17.7% in executive, management, and professional occupations.

Languages

The most common language spoken in the Belmont neighborhood is English, spoken by 96.3% of households. Some people also speak Spanish (2.5%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Belmont neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Native American (6.0%). There are also a number of people of Mexican ancestry (2.1%), and residents who report Sub-Saharan African roots (2.0%), and some of the residents are also of African ancestry (2.0%), along with some Jamaican ancestry residents (1.5%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Belmont neighborhood spend between 30 and 45 minutes commuting one-way to work (31.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (53.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (14.9%) and 13.5% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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