Belmont, MA has a population of 25,965, while the median age is 42. The household income in Belmont, MA is around $118,370. The homeownership rate among the residents is 63%. The median residential property value in Belmont, MA that you should keep in mind is $759,500.
Population | 25,965 |
Median Age | 41.6 |
Poverty Rate | 6% |
Household Income | $118,370 |
Number Of Employees | 13,184 |
Median Property Value | $759,500 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $3,072 | +15.7% |
2-bed apartments | $2,897 | -4.4% |
3-bed apartments | $3,798 | -4.9% |
4+ bed apartments | $6,020 | -5.8% |
Over the May 2023, the average rent for an apartment in/near Belmont, MA increased by 0.8% to $3,709.
Compared to the last month, the average price for a rental studio in Belmont, MA has increased by 15.7%. You can expect to rent the studio for $3,072 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment stands at $2,146 with no changes this month. Pricing for 2-bed apartment also decreased by 4.4% and a place of this size will now cost you $2,897. 3-bed apartment rent pricing starts at $3,798, it decreased by 4.9% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 5.8% and made it down to $6,020.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $4,134 | -9.1% |
Condos for rent | $3,250 | +28.7% |
Apartments for rent | $3,692 | -0.6% |
The median rent for an apartment in Belmont, MA decreased by 0.6% to $3,692. Statistics show that house rent price decreased by 9.1% this month making it up to $4,134. Condos faced an upward trend these days. The median rent for a condo increased by 28.7%, it’s now available for $3,250.