Belmont, MA Real Estate
According to census data in the year 2000 there were 9,980 housing units in Belmont.
This represents a 0.1% growth from 9,968 in 1990.
Of those housing units, 9,980 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Belmont is about 60.9%.
Belmont's vacancy rate, including seasonal lodging, is about 2.5%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Belmont were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 7% |
| Two Bedrooms | 35.70% |
| Three Bedrooms | 32.10% |
| Four Bedrooms | 17.40% |
| Five Bedrooms or more | 7.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $450,000 |
| Median Price asked for vacant units | $311,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.01 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $1,116 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 12% |
| Simple Mortgage | 46.20% |
| Debt Free | 37.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
