Belmont, CA 94002 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Belmont, CA—94002

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$2,324,000

2.5% YoY Growth

Household Income

$205,000

52.1% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

-2.6%

Median Rent

$2,840

1.2% YoY Growth

1-Bed Rent

$2,780

16.7% YoY Growth

2-Bed Rent

$3,480

21.0% YoY Growth

3-Bed Rent

$6,700

27.9% YoY Growth

Home Price Trends — Belmont, CA

As of May '26, the median home price in Belmont, CA is $2,324,000, with a year-over-year change of 2.5%. This indicates that home prices in Belmont, CA are increasing. According to Zillow, the 1-year price projection is -2.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$2,324,000	2.5%
Single Family	$2,378,000	2.8%
Condos	$873,000	-4.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

Studio

11.9%

1 Bedroom

38.3%

2 Bedrooms

31.3%

3 Bedrooms

15.4%

4 Bedrooms

1.9%

5+ Bedrooms

1.1%

Property Listings — Belmont, CA

As of May '26, Realtor.com reports that the median days on market for a home in Belmont, CA is 27. This is a increase of 15.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$2,100,000	-4.0%
Listing Count	54	31.0%
Listings as % of Homes	0.1%	31.0%
Days on Market	27	15.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Belmont, CA—94002

Key Metrics at a Glance

Home Price Trends — Belmont, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Belmont, CA

% of Rental Stock

Property Listings — Belmont, CA

Demographics — Belmont, CA

Race and Ethnicity

Mortgage and Risk — Belmont, CA

Mortgages

Rentals and Section 8 — Belmont, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Belmont, CA

Home Price to Income Ratio

Belmont, CA — ZIP Code Boundary Map

Nearby ZIP Codes

San Mateo, CA

San Carlos, CA

San Mateo, CA

Foster City, CA

Redwood City, CA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	10.2
Median Home Price	$2,324,000
Median Household Income	$205,000

Belmont, CA—94002

Key Metrics at a Glance

Home Price Trends — Belmont, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Belmont, CA

% of Rental Stock

Property Listings — Belmont, CA

Demographics — Belmont, CA

Race and Ethnicity

Mortgage and Risk — Belmont, CA

Mortgages

Rentals and Section 8 — Belmont, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Belmont, CA

Home Price to Income Ratio

Belmont, CA — ZIP Code Boundary Map

Nearby ZIP Codes

San Mateo, CA

San Carlos, CA

San Mateo, CA

Foster City, CA

Redwood City, CA

Frequently Asked Questions

What is the average home price in Belmont, CA 94002?

How have home prices in Belmont, CA 94002 changed over the past year?

What is the home price projection for Belmont, CA 94002?

What are the demographics of Belmont, CA 94002?

How long does it take homes to sell in Belmont, CA 94002?

What is the average rent price in Belmont, CA 94002?