Home Price Key
Affordable
Average
Expensive
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 $59,348, lower than the Detroit average of $215,900.
The average cost of rent is $938/mo in Belmont, primarily driven by the current value of real estate in the Belmont area. While nearly 72.37% of residents own their homes outright in Belmont, 33.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Belmont is $2,409 per month. Households that rent pay about 38.93% of their income on rent here. Belmont's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Grandmont-Rosedale, Detroit, MI: higher priced homes
- Crary-St Marys, Detroit, MI: higher priced homes
- Schoolcraft Southfield, Detroit, MI: equally priced homes
- Harmony Village, Detroit, MI: equally priced homes
- Winship, Detroit, MI: equally priced homes
- Rosedale Park, Detroit, MI: higher priced homes
- North Rosedale Park, Detroit, MI: higher priced homes
- MacKenzie, Detroit, MI: less expensive homes
- Greenfield, Detroit, MI: equally priced homes
- Fitzgerald, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Greater Oakhill, Evansville, IN: higher priced homes
- Camp Lake, Trevor, WI: higher priced homes
- Downtown Neptune City, Neptune City, NJ: higher priced homes
- Village Park, McKinney, TX: higher priced homes
- Southside University, St. Cloud, MN: higher priced homes
- Central State, Schenectady, NY: higher priced homes
- West End, Concord, NH: higher priced homes
- Kendall, San Bernardino, CA: higher priced homes
- Stoneybrook West, Winter Garden, FL: higher priced homes
- Bradford Park, Springfield, MO: higher priced homes
All Local Stats
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