Belmont, MI—49306
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belmont, MI
As of Oct '25, the median home price in Belmont, MI is $473,000, with a year-over-year change of 8.1%. This indicates that home prices in Belmont, MI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $473,000 | 8.1% |
| Single Family | $453,000 | 7.9% |
| Condos | $541,000 | 8.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $443,000 | 6.2% |
3 Bed | $418,000 | 6.9% |
4 Bed | $518,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Belmont, MI
Belmont, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Belmont, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Belmont, MI is 43. This is a decrease of -11.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $571,000 | 9.0% |
Listing Count | 36 | 19.0% |
| Listings as % of Homes | 0.3% | 19.0% |
Days on Market | 43 | -11.0% |
Demographics — Belmont, MI
As of the latest ACS Survey released in 2023, Belmont, MI has a population of 10,800, which has increased by 2.0% over the past 5 years. Belmont, MI is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 47.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 2.0% |
% Under 18 | 23.3% | -2.5% |
% Seniors | 22.6% | 46.8% |
% WFH | 15.3% | 118.6% |
% w/ College Degree | 47.8% | 22.3% |
As of the latest ACS Survey released in 2023, Belmont, MI is a predominantly white area, with 86.6% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Belmont, MI is hispanic, making up 7.7% of the population. Foreign-born residents account for 2.6% of the population in Belmont, MI, and this percentage has increased by 4.0% 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 | 86.6% | -7.0% |
% Black | 1.0% | 400.0% |
% Hispanic | 7.7% | 108.1% |
% Asian | 0.6% | -66.7% |
% Foreign Born | 2.6% | 4.0% |
Mortgage and Risk — Belmont, MI
According to HUD data as of 2023, there were 258 mortgage originations in Belmont, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Belmont, MI. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 258 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Belmont, MI
Belmont, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 46 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $530 | $850 | $1,380 |
| 2 Bedroom | N/A | N/A | $1,650 |
| 3 Bedroom | N/A | N/A | $2,140 |
| 4 Bedroom | N/A | N/A | $2,350 |
Affordability — Belmont, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $473,000 |
| Median Household Income | $105,000 |