Belmont, California Housing Market Prices
Belmont Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 169% above the California median$1,749,901
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Median rent 41% above the California median$2,870
Housing Market Overview
| Metric | Belmont | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,749,901 | $650,794 | $248,835 |
| Price Trend (Annual %) | 18.4% | 8.9% | 7.5% |
| Median Gross Rent | $2,870 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Belmont is about 169% higher than in California. Rent is about 41% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Belmont, up about 18.4% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Belmont rose about 68.2% between 2015 and 2024, from $1,706 to $2,870. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 8.7 yearly household incomes in Belmont.
Buying the median-priced home in Belmont costs roughly 50.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Belmont. The price-to-rent ratio in California is about 26.6.
| Metric | Belmont | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,749,901 | $650,794 | $248,835 |
| Median Household Income | $202,176 | $99,161 | $80,455 |
| Price-to-Income Ratio | 8.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Belmont rose about 166.2%, while median household income rose about 99.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Belmont | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.8% | 51.7% | 58.5% |
| Rental Rate | 38.8% | 40.8% | 31.2% |
| Vacancy Rate | 7.4% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Belmont has a homeownership rate of 53.8%, higher than the California average of 51.7%. Its housing vacancy rate is 7.4%, compared with 7.5% in California.
Housing Stock
| Metric | Belmont | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1966 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.0 | 5.5 |
The typical housing unit in Belmont was built around 1966. On average, 2.6 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
Belmont, CA Housing Compared With Nearby Cities
How Belmont, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Belmont, CA | 24,586 | $1,749,901 #1/2 | $2,870 #2/2 | 58.1% #1/2 |
| San Mateo, CA | 101,951 | $296,936 | $3,073 | 50.0% |
Frequently Asked Questions
Common questions about the housing market in Belmont, California.
What is the median home price in Belmont, California?
The median home price in Belmont, California is $1,749,901, higher than the California average of $650,794.
What is the average home price in Belmont, California?
The typical home price in Belmont, California, reported as the median sale price, is $1,749,901. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Belmont, California?
The median gross rent in Belmont, California is $2,870 per month, higher than the California average of $2,036.
What was the median gross rent in Belmont in 2020?
In 2020, the median gross rent in Belmont, California was $2,539 per month.
What is the price-to-rent ratio in Belmont, California?
The price-to-rent ratio in Belmont, California is about 50.8, meaning it would take roughly 50.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Belmont.
Are home prices or rent rising faster in Belmont, California?
Both home prices and rent are rising in Belmont, up about 18.4% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Belmont, California?
53.8% of households in Belmont, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Belmont, California?
The housing vacancy rate in Belmont, California is 7.4%, lower than the California average of 7.5%.
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