The housing market in Belmont, ME is a booming one. The median value of homes in Belmont is $284,600, which is significantly lower than the US median value of $338,100. However, the appreciation rate for houses in Belmont over the last year was 16.46%, which is much higher than the US 1 year appreciation rate of 8.27%. This indicates that Belmont's housing market is currently on an upward trajectory and is a great place to invest in property.
The median home cost in Belmont is $284,600. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Belmont is up 20.6%.
Average Age of Homes
- The median age of Belmont real estate is 31 years old
The Rental Market in Belmont
- Renters make up 18.5% of the Belmont population
- 2.0% of houses and apartments in Belmont, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.