Belmont, VA is known for its high housing median value, with an estimated $717,200. Despite being higher than the US House Median Value of $338,100, Belmont has experienced a slightly lower 1 year house appreciation rate of 7.46% compared to the US's 8.27%. This indicates that while Belmont is still a desirable and expensive place to live in terms of housing, the area isn't seeing as significant of an increase in home values as some other parts of the country.
The median home cost in Belmont is $717,200. Home appreciation the last 10 years has been 66.4%. Home Appreciation in Belmont is up 8.1%.
Average Age of Homes
- The median age of Belmont real estate is 18 years old
The Rental Market in Belmont
- Renters make up 6.8% of the Belmont population
- 0.0% 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.