BELMONT HOUSING MARKET INFORMATION With 26,886 people, 10,358 houses or apartments, and a median cost of homes of $1,467,012, Belmont house prices are not only among the most expensive in Massachusetts, Belmont real estate also is some of the most expensive in all of America. Single-family detached homes are the single most common housing type in Belmont, accounting for 45.63% of the town's housing units. Other types of housing that are prevalent in Belmont include duplexes, homes converted to apartments or other small apartment buildings ( 38.16%), large apartment complexes or high rise apartments ( 10.26%), and a few row houses and other attached homes ( 5.94%). The most prevalent building size and type in Belmont are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.70% owning and 36.30% renting. The housing in Belmont was primarily built before 1939 ( 56.59%), making the housing stock in Belmont some of the oldest overall in America, although there is a range of ages of homes in Belmont. The next most important housing age is between 1940-1969 ( 26.51%), followed by between 2000 and later ( 8.79%). There's also some housing in Belmont built between 1970-1999 ( 8.11%). BELMONT HOME APPRECIATION RATES Belmont's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Belmont during the period has been just 5.77%, which is lower than 70% of US communities. 蘑菇视频's data show that during the latest twelve months, Belmont's appreciation rate, at 8.61%, has been at or slightly above the national average. In the latest quarter, Belmont's appreciation rate has been 1.15%, which annualizes to a rate of 4.67%. Relative to Massachusetts, our data show that Belmont's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts. One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Belmont differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Belmont - 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 Belmont real estate investment or home purchase decisions.