Belmont, CA—94002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belmont, CA
As of Oct '25, the median home price in Belmont, CA is $2,209,000, with a year-over-year change of 1.2%. This indicates that home prices in Belmont, CA are increasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,209,000 | 1.2% |
| Single Family | $2,258,000 | 1.2% |
| Condos | $894,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $610,000 | -7.4% |
2 Bed | $1,559,000 | 1.4% |
3 Bed | $2,109,000 | 1.4% |
4 Bed | $2,672,000 | 1.9% |
| 5 Bed | $2,960,000 | 2.0% |
% of Housing Stock
Rental Trends — Belmont, CA
As of July '25, Rentcast reports the average rent in Belmont, CA is $3,380, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Belmont, CA is studios: $2,590, 1-bedrooms: $2,870, 2-bedrooms: $3,690, 3-bedrooms: $6,840, 4-bedrooms: $7,260. The most common rental property sizes in Belmont, CA are 1-bedroom and 2-bedroom, accounting for 38.3% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,840 | $3,380 |
| Studio Rent | $2,520 | $2,590 |
| 1 Bed Rent | $2,780 | $2,870 |
| 2 Bed Rent | $3,480 | $3,690 |
| 3 Bed Rent | $6,700 | $6,840 |
| 4 Bed Rent | $6,760 | $7,260 |
% of Rental Stock
Property Listings — Belmont, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Belmont, CA is 28. This is a increase of 27.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,950,000 | -6.0% |
Listing Count | 26 | -19.0% |
| Listings as % of Homes | 0.1% | -19.0% |
Days on Market | 28 | 27.0% |
Demographics — Belmont, CA
As of the latest ACS Survey released in 2023, Belmont, CA has a population of 27,700, which has increased by 1.9% over the past 5 years. Belmont, CA is a moderately popular place for families, as children make up 23.4% of the population. The area has a highly educated workforce, with 68.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,700 | 1.9% |
% Under 18 | 23.4% | 0.9% |
% Seniors | 13.9% | -16.3% |
% WFH | 30.9% | 586.7% |
% w/ College Degree | 68.6% | 6.5% |
As of the latest ACS Survey released in 2023, Belmont, CA is a predominantly white area, with 45.9% of the population identifying as white. The white population has shrunk by 16.7% in the last 5 years. The second most common race or ethnicity in Belmont, CA is asian, making up 29.5% of the population. Foreign-born residents account for 31.4% of the population in Belmont, CA, and this percentage has increased by 3.3% 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 | 45.9% | -16.7% |
% Black | 2.1% | 75.0% |
% Hispanic | 14.3% | 31.2% |
% Asian | 29.5% | 4.2% |
% Foreign Born | 31.4% | 3.3% |
Mortgage and Risk — Belmont, CA
According to HUD data as of 2023, there were 242 mortgage originations in Belmont, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Belmont, CA. 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 | 242 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Belmont, CA
As of 2024, the percent of homes in Belmont, CA under the Section 8 program is 4.3%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Belmont, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 220 |
Total Units Section 8 | 197 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $2,780 | $3,090 |
| 2 Bedroom | $210 | $3,480 | $3,690 |
| 3 Bedroom | -$2,100 | $6,700 | $4,600 |
| 4 Bedroom | -$1,870 | $6,760 | $4,890 |
Affordability — Belmont, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10 |
| Median Home Price | $2,209,000 |
| Median Household Income | $205,000 |