Belmont, MA—02478
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belmont, MA
As of Oct '25, the median home price in Belmont, MA is $1,432,000, with a year-over-year change of 0.6%. This indicates that home prices in Belmont, MA are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,432,000 | 0.6% |
| Single Family | $1,615,000 | 0.7% |
| Condos | $763,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $746,000 | 1.1% |
3 Bed | $1,382,000 | 0.9% |
4 Bed | $1,712,000 | 0.9% |
| 5 Bed | $2,186,000 | 1.4% |
% of Housing Stock
Rental Trends — Belmont, MA
As of July '25, Rentcast reports the average rent in Belmont, MA is $3,700, with a year-over-year rent change of 0.3%. Per bedroom, the median rent as of July '25 in Belmont, MA is studios: $3,260, 1-bedrooms: $3,000, 2-bedrooms: $3,130, 3-bedrooms: $3,890, 4-bedrooms: $5,400. The most common rental property sizes in Belmont, MA are 2-bedroom and 1-bedroom, accounting for 56.9% and 18.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,700 |
| Studio Rent | $3,260 | $3,260 |
| 1 Bed Rent | $3,080 | $3,000 |
| 2 Bed Rent | $2,900 | $3,130 |
| 3 Bed Rent | $3,600 | $3,890 |
| 4 Bed Rent | $5,200 | $5,400 |
% of Rental Stock
Property Listings — Belmont, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Belmont, MA is 48. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,500,000 | -9.0% |
Listing Count | 32 | 9.0% |
| Listings as % of Homes | 0.1% | 9.0% |
Days on Market | 48 | 31.0% |
Demographics — Belmont, MA
As of the latest ACS Survey released in 2023, Belmont, MA has a population of 27,000, which has increased by 3.6% over the past 5 years. Belmont, MA is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 80.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,000 | 3.6% |
% Under 18 | 24.4% | -3.6% |
% Seniors | 18.2% | 9.0% |
% WFH | 28.4% | 205.4% |
% w/ College Degree | 80.1% | 9.7% |
As of the latest ACS Survey released in 2023, Belmont, MA is a predominantly white area, with 68.4% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Belmont, MA is asian, making up 20.4% of the population. Foreign-born residents account for 25.1% of the population in Belmont, MA, and this percentage has increased by 2.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.4% | -7.7% |
% Black | 1.5% | 0.0% |
% Hispanic | 4.7% | -6.0% |
% Asian | 20.4% | 25.9% |
% Foreign Born | 25.1% | 2.4% |
Mortgage and Risk — Belmont, MA
According to HUD data as of 2023, there were 331 mortgage originations in Belmont, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Belmont, MA. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 331 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Belmont, MA
As of 2024, the percent of homes in Belmont, MA under the Section 8 program is 2.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Belmont, MA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$360 | $3,080 | $2,720 |
| 2 Bedroom | $320 | $2,900 | $3,220 |
| 3 Bedroom | $280 | $3,600 | $3,880 |
| 4 Bedroom | -$930 | $5,200 | $4,270 |
Affordability — Belmont, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $1,432,000 |
| Median Household Income | $178,000 |