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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 $403,341, higher than the Michigan average of $250,415.
The average cost of rent is $1,265/mo in Belmont, primarily driven by the current value of real estate in the Belmont area. In Belmont, 2.95% of households rent, and 44.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Belmont is $10,419 per month. Households that rent pay about 12.14% of their income on rent here. Belmont’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Northview, MI: less expensive homes
- Rockford, MI: equally priced homes
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- Cannonsburg, MI: higher priced homes
- Alpine, MI: less expensive homes
- Edgerton, MI: less expensive homes
- Sparta, MI: less expensive homes
- Ada, MI: higher priced homes
- Grand Rapids, MI: less expensive homes
- Parnell, MI: equally priced homes
Cities with Similar Populations
- Newaygo, MI: less expensive homes
- Hartwell, GA: less expensive homes
- Harvard, IL: less expensive homes
- Hazlehurst, GA: less expensive homes
- Hellertown, PA: less expensive homes
- Highland Springs, VA: less expensive homes
- Hillsdale, MI: less expensive homes
- Monticello, AR: less expensive homes
- Moulton, AL: less expensive homes
- Mount Vernon, VA: higher priced homes
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