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Belmont

Learn about the people, housing, costs and businesses in Belmont, Virginia

Median Home$882,020
Median Rent$3,052/month
Population10,469
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services29% healthcare
Home Value Growth⬆⬆⬆+24.5% over 2 years
Family-Friendly28% of residentswell above average
Homeowners85% of occupied units
NotableHigh Incomes$231k/year · top 1% nationally
NotableHighly Educated42% bachelor's · 26% graduate · top 1% nationally
Belmont
VA

Frequently Asked Questions

What are today's mortgage rates in Belmont?

As of today, the 30-year fixed mortgage rate for Belmont is approximately 6.788% (6.820% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Belmont?

The median home value in Belmont is $882k. The median monthly rent is $3,052. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Belmont?

Home values in Belmont have increased 24.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Belmont?

Based on a typical all-in ownership cost of $3,071/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $132k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Belmont is $231k/year.

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What industries drive the economy in Belmont?

The largest employment sectors in Belmont are healthcare (29%) and arts, food, and hospitality (26%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.