Affordable
Expensive
Expensive
Colorblind friendly
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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 $413,600, lower than the Downers Grove average of $455,471.
The average cost of rent is $1,731/mo in Belmont, primarily driven by the current value of real estate in the Belmont area. In Belmont, 22.11% of households rent, and 42.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Belmont is $11,104 per month. Households that rent pay about 15.59% of their income on rent here. Belmont’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Lace, Darien, IL: equally priced homes
- Yorkfield, Elmhurst, IL: higher priced homes
- Valley View, Glen Ellyn, IL: less expensive homes
- Frontenac, Aurora, IL: less expensive homes
- Tall Grass, Naperville, IL: higher priced homes
- Garfield Ridge, Chicago, IL: less expensive homes
- Samuel A Rothermel, Oak Park, IL: less expensive homes
- Clearing, Chicago, IL: less expensive homes
- Edmund F Burton, Oak Park, IL: equally priced homes
- Ellsworth, Elmwood Park, IL: less expensive homes
Neighborhoods with Similar Populations
- Downtown Grand Forks, Grand Forks, ND: less expensive homes
- Westbury, Lehi, UT: higher priced homes
- Fairview, Charlotte, NC: less expensive homes
- Bluemound Heights, Milwaukee, WI: less expensive homes
- Downtown Conneaut, Conneaut, OH: less expensive homes
- Coquina Key, St. Petersburg, FL: less expensive homes
- Urbanizacion Las Colinas, Dorado, PR: less expensive homes
- Windham, Coral Springs, FL: higher priced homes
- Burrage, Hanson, MA: higher priced homes
- Summit Heights, Fontana, CA: higher priced homes
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