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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 $172,885, lower than the Mississippi average of $183,008.
The average cost of rent is $723/mo in Belmont, primarily driven by the current value of real estate in the Belmont area. In Belmont, 27.59% of households rent, and 55.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Belmont is $4,953 per month. Households that rent pay about 14.59% of their income on rent here. Belmont’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ellistown, MS: less expensive homes
- Dennis, MS: less expensive homes
- Moores Mill, MS: less expensive homes
- Bloody Springs, MS: equally priced homes
- Red Bay, AL: less expensive homes
- Golden, MS: less expensive homes
- New Site, MS: less expensive homes
- Tishomingo, MS: less expensive homes
- Maud, AL: equally priced homes
- Sandy Springs, MS: less expensive homes
Cities with Similar Populations
- Pocono Lake, PA: higher priced homes
- Trinidad, CA: higher priced homes
- Baileyton, AL: equally priced homes
- Ogden, KS: higher priced homes
- Osceola Mills, PA: less expensive homes
- Peachland, NC: higher priced homes
- Proctor, VT: higher priced homes
- Redland, TX: higher priced homes
- Draper, VA: higher priced homes
- Depoe Bay, OR: higher priced homes
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