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Affordable
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These days, finding an affordable place to live in the Belmont area can be challenging. Home prices in Belmont are now at a median cost of $103,491, lower than the Alabama average of $228,911.
The average cost of rent is $825/mo in Belmont, primarily driven by the current value of real estate in the Belmont area. In Belmont, 33.48% of households rent, and 67.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Belmont is $2,883 per month. Households that rent pay about 28.62% of their income on rent here. Belmont’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Forkland, AL: equally priced homes
- Brewersville, AL: less expensive homes
- Epes, AL: less expensive homes
- Demopolis, AL: higher priced homes
- Boligee, AL: less expensive homes
- Livingston, AL: higher priced homes
- Hamner, AL: equally priced homes
- Prairieville, AL: higher priced homes
- Sumterville, AL: higher priced homes
- Gainesville, AL: less expensive homes
Cities with Similar Populations
- Saratoga Center, IL: higher priced homes
- Grayson, NC: higher priced homes
- Gray Hill, GA: higher priced homes
- Rogers, NM: higher priced homes
- Glendevey, CO: higher priced homes
- Rudolph, TN: higher priced homes
- Gateway, CO: higher priced homes
- Gardiner, IA: higher priced homes
- San Antonito, NM: higher priced homes
- Fourmile Hill, AR: higher priced homes
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