Median price for residential apartments in Belmont, CA as of Oct, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
64 Belmont, CA, USA apartments for sale
Belmont
According to statistics, the population in Belmont, CA amounts to 27,110, which shows decline 1% compared to the previous year. The median age of the city’s residents is 40. The average household income is $125,958, shifting growth 5% from the past year, and the average property value in Belmont, CA growth 9% to $1,174,200 throughout the year.
| Population | 27,110 |
| Median Age | 39.6 |
| Poverty Rate | 5% |
| Household Income | $125,958 |
| Number Of Employees | 13,778 |
| Median Property Value | $1,174,200 |
Household Income
The average household income in Belmont, CA grew from $120,169 to $125,958 in the past year. This data is an estimate based upon 10,294 households in Belmont, CA . The chart below presents how household income is distributed in Belmont, CA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Belmont, CA shifted from $1,074,600 to $1,174,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Belmont, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Belmont, CA properties falls in the '$1,000,000 to $1,499,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Belmont, CA compared to median property taxes around the country. The prevalent amount of property taxes in Belmont, CA equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Belmont, CA, USA
Average apartment sale in Belmont: $2,161,444 (+33.3%)
| Apartment Size | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $400,000 | -10.8% |
| 1-bed apartments | $615,000 | N/A |
| 2-bed apartments | $1,299,444 | -13.9% |
| 3-bed apartments | $1,843,124 | +4.9% |
| 4+ bed apartments | $3,274,966 | +17.4% |
During Oct 2022, the average price for an apartment in/near Belmont, CA increased by 33.3% to $2,161,444.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $615,000 with no changes this month. Asking price for 2-bed apartment also decreased by 13.9% and a place of this size will now cost you $1,299,444. A 3-bed apartment goes for $1,843,124, it increased by 4.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 17.4% and made it up to $3,274,966.
| Listing Type | Oct | vs Last Month |
|---|---|---|
| Condos for sale | $1,228,333 | +9.3% |
| Houses for sale | $2,436,324 | +14.6% |
| Land for sale | $400,000 | -10.8% |
| Townhouses for sale | $1,438,000 | N/A |
Price reports demonstrate that house price increased by 14.6% this month making it up to $2,436,324. Condos are really in demand in this season. The median price for a condo increased by 9.3%, it’s now available for $1,228,333. Value of the townhouses didn’t change, the price still starts at $1,438,000.