January's First-Time Homebuyer Report for Belmont

The population of Belmont is very affluent compared to others in California with a median income of $94,469 per household. It's also considered a very expensive city in terms of affordability with a cost of living adjustment score of 232.0. Belmont is made up of homes that are older than most with a median of 46 years. The top school in the city is Central Elementary School.

Price Range

Some of the more expensive homes in California are in Belmont with a median home value of $820,000 and an average list price for available homes currently at $1,497,233.

Make sure you take a look at these eye-catching homes in Belmont that generated the most views from potential buyers:

$1.4M   $2.5M   $1.1M  

Typical Dwelling

A three-bedroom detached home valued around $1,451,345 is considered a typical dwelling in Belmont. If a buyer was looking for a similar home, they would need good credit and a $290,269 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $6,498 and the property tax rate is $5.34 per $1,000 of taxable assessed value.

Get started right now by checking out Belmont homes for sale or reviewing Belmont real estate trends.


Data reported through 1/12/2017

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