BELMONT HOUSING MARKET INFORMATION With 15,515 people, 6,289 houses or apartments, and a median cost of homes of $468,202, Belmont real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in Belmont, accounting for 70.50% of the city's housing units. Other types of housing that are prevalent in Belmont include large apartment complexes or high rise apartments ( 17.16%), row houses and other attached homes ( 6.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.41%). The most prevalent building size and type in Belmont are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.55% owning and 37.45% renting. Belmont homes and real estate are some of the newest in America. 48.42% of Belmont's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Belmont real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.18%), and between 1940-1969 ( 15.88%). There's also some housing in Belmont built before 1939 ( 13.51%). BELMONT HOME APPRECIATION RATES In the last 10 years, Belmont has experienced some of the highest home appreciation rates of any community in the nation. Belmont real estate appreciated 140.49% over the last ten years, which is an average annual home appreciation rate of 9.17%, putting Belmont in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Belmont definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Over the last year, Belmont appreciation rates have trailed the rest of the nation. In the last twelve months, Belmont's appreciation rate has been 5.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Belmont were at -0.14%, which equates to an annual appreciation rate of -0.55%. Notably, Belmont's appreciation rate in the latest quarter is one of the lowest in America. Relative to North Carolina, our data show that Belmont's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina. One very important thing to keep in mind is that these are average appreciation rates for the city. 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.