Belmont, Massachusetts 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 337% above the Massachusetts median$2,163,043
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Median rent 44% above the Massachusetts median$2,527
Housing Market Overview
| Metric | Belmont | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,163,043 | $494,523 | $248,835 |
| Price Trend (Annual %) | 31.2% | 6.6% | 7.5% |
| Median Gross Rent | $2,527 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Belmont is about 337% higher than in Massachusetts. Rent is about 44% higher than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Belmont, up about 31.2% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Belmont rose about 49.0% between 2015 and 2024, from $1,697 to $2,527. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 11.5 yearly household incomes in Belmont.
Buying the median-priced home in Belmont costs roughly 71.3 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 Massachusetts is about 23.4.
| Metric | Belmont | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,163,043 | $494,523 | $248,835 |
| Median Household Income | $187,422 | $104,336 | $80,455 |
| Price-to-Income Ratio | 11.5 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Belmont rose about 211.2%, while median household income rose about 80.3% 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 | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.9% | 57.5% | 58.5% |
| Rental Rate | 33.8% | 34.4% | 31.2% |
| Vacancy Rate | 4.3% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Belmont has a homeownership rate of 61.9%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 4.3%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Belmont | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1946 | 1963 | 1978 |
| Median Number of Rooms | 6.4 | 5.5 | 5.5 |
The typical housing unit in Belmont was built around 1946. On average, 2.6 people live in a home with about 6.4 rooms, staying for about 15.0 years on average.
Belmont, MA Housing Compared With Nearby Cities
Belmont, MA is the smallest of the 4 cities compared here, 27,165 residents against a local median of 64,842. Where Belmont, MA breaks from the cities next to it is median home price, sitting 219% above the local median of $678,104 at $2,163,043.
Homeownership tells the same story from another angle: 64.7% against a local median of 49.7%, 30% above it. The one measure here that carries a verdict is homeownership, and at 30% above the local median it puts Belmont, MA at the better end of the local range. The cities themselves spread $1,106,311 on median home price, so Belmont, MA sits at one end of an already wide local range rather than apart from it. Belmont, MA has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Belmont, MA | 27,165 | $2,163,043 #1/4 | $2,527 #2/4 | 64.7% #1/4 |
| Arlington, MA | 46,270 | $1,743,589 | $2,082 | 61.6% |
| Waltham, MA | 64,842 | $637,278 | $2,267 | 49.7% |
| Cambridge, MA | 117,266 | $678,104 | $2,785 | 33.5% |
Frequently Asked Questions
Common questions about the housing market in Belmont, Massachusetts.
What is the median home price in Belmont, Massachusetts?
The median home price in Belmont, Massachusetts is $2,163,043, higher than the Massachusetts average of $494,523.
What is the average home price in Belmont, Massachusetts?
The typical home price in Belmont, Massachusetts, reported as the median sale price, is $2,163,043. 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, Massachusetts?
The median gross rent in Belmont, Massachusetts is $2,527 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Belmont in 2020?
In 2020, the median gross rent in Belmont, Massachusetts was $2,062 per month.
What is the price-to-rent ratio in Belmont, Massachusetts?
The price-to-rent ratio in Belmont, Massachusetts is about 71.3, meaning it would take roughly 71.3 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, Massachusetts?
Both home prices and rent are rising in Belmont, up about 31.2% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Belmont, Massachusetts?
61.9% of households in Belmont, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Belmont, Massachusetts?
The housing vacancy rate in Belmont, Massachusetts is 4.3%, lower than the Massachusetts average of 8.1%.
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