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Real Estate Prices & Overview

Belmont Estates median real estate price is $464,056, which is more expensive than 58.0% of the neighborhoods in Virginia and 64.3% of the neighborhoods in the U.S.

The average rental price in Belmont Estates is currently $1,520, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.9% of Virginia neighborhoods.

Belmont Estates is a rural neighborhood (based on population density) located in Dayton, Virginia.

Belmont Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Belmont Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Belmont Estates are 4.7%, which is lower than one will find in 68.4% of American neighborhoods. Demand for real estate in Belmont Estates is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Dayton, the Belmont Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

With 2.1% of employed workers living in the Belmont Estates neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.5% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Belmont Estates neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 58.9% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.7% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Belmont Estates neighborhood has more Swiss and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.1% of this neighborhood's residents have Swiss ancestry and 2.3% have Welsh ancestry.

Belmont Estates is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 97.6% of the neighborhoods in America.

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 Estates neighborhood in Dayton are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.4% of the neighborhoods in America. In addition, 1.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 78.0% of America'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 Estates neighborhood, 46.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 23.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.8%), and 11.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Belmont Estates neighborhood is English, spoken by 78.5% of households. Some people also speak Spanish (15.7%).

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 Estates neighborhood in Dayton, VA, residents most commonly identify their ethnicity or ancestry as German (20.3%). There are also a number of people of English ancestry (15.5%), and residents who report Swiss roots (9.1%), and some of the residents are also of Sub-Saharan African ancestry (5.9%), along with some Mexican ancestry residents (5.7%), among others. In addition, 12.0% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Belmont Estates neighborhood spend under 15 minutes commuting one-way to work (58.9% of working residents), one of the shortest commutes across America.

Here most residents (74.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (12.8%) . 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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