Belmont, NC—28012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belmont, NC
As of Oct '25, the median home price in Belmont, NC is $411,000, with a year-over-year change of 1.6%. This indicates that home prices in Belmont, NC are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $411,000 | 1.6% |
| Single Family | $413,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $205,000 | 1.0% |
2 Bed | $263,000 | 1.5% |
3 Bed | $378,000 | 1.6% |
4 Bed | $598,000 | 2.9% |
| 5 Bed | $700,000 | 3.2% |
% of Housing Stock
Rental Trends — Belmont, NC
As of July '25, Rentcast reports the average rent in Belmont, NC is $2,110, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Belmont, NC is 1-bedrooms: $1,230, 2-bedrooms: $1,600, 3-bedrooms: $2,180, 4-bedrooms: $2,980. The most common rental property sizes in Belmont, NC are 2-bedroom and 1-bedroom, accounting for 47.8% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,110 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,230 |
| 2 Bed Rent | $1,600 | $1,600 |
| 3 Bed Rent | $2,100 | $2,180 |
| 4 Bed Rent | $2,680 | $2,980 |
% of Rental Stock
Property Listings — Belmont, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Belmont, NC is 58. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $520,000 | 9.0% |
Listing Count | 215 | 33.0% |
| Listings as % of Homes | 0.7% | 33.0% |
Days on Market | 58 | -6.0% |
Demographics — Belmont, NC
As of the latest ACS Survey released in 2023, Belmont, NC has a population of 26,500, which has increased by 15.5% over the past 5 years. Belmont, NC is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,500 | 15.5% |
% Under 18 | 20.6% | -8.0% |
% Seniors | 15.8% | 9.0% |
% WFH | 17.1% | 242.0% |
% w/ College Degree | 41.7% | 24.1% |
As of the latest ACS Survey released in 2023, Belmont, NC is a predominantly white area, with 83.7% of the population identifying as white. The white population has grown by 5.5% in the last 5 years. The second most common race or ethnicity in Belmont, NC is black, making up 5.9% of the population. Foreign-born residents account for 4.5% of the population in Belmont, NC, and this percentage has decreased by 18.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.7% | 5.5% |
% Black | 5.9% | -29.8% |
% Hispanic | 4.3% | -17.3% |
% Asian | 3.6% | 28.6% |
% Foreign Born | 4.5% | -18.2% |
Mortgage and Risk — Belmont, NC
According to HUD data as of 2023, there were 682 mortgage originations in Belmont, NC, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Belmont, NC. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 682 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Belmont, NC
As of 2024, the percent of homes in Belmont, NC under the Section 8 program is 2.8%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Belmont, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 184 |
Total Units Section 8 | 95 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,050 | $1,450 |
| 2 Bedroom | $0 | $1,600 | $1,600 |
| 3 Bedroom | -$130 | $2,100 | $1,970 |
| 4 Bedroom | -$180 | $2,680 | $2,500 |
Affordability — Belmont, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $411,000 |
| Median Household Income | $81,100 |