Home prices
Belmont's median home value is $859,600. In comparison to its surrounding areas it is about $225,320 (35%) higher.It is approximately $642,100 (295%) higher in comparison to the rest of the nation, and compared to the city of Boston is approximately $326,900 (61%) higher.
Rents
In Belmont the median monthly rent is $2,002. Compared to nearby areas it is roughly $121 (6%) higher.In comparison to the rest of the nation it is approximately $940 (88%) higher, and in comparison to the city of Boston it is roughly $382 (23%) higher.
Nearby places
Arlington
Arlington is Belmont's neighbor to the northeast. Its real estate prices are substantially less expensive. The median home in Arlington costs $642,200, which is $217,400 (33%) lower than Belmont. Its rents are a little less expensive. Arlington's median monthly rent is $1,730, which works out to $272 (15%) lower than Belmont.
Watertown Town
Watertown Town is Belmont's neighbor to the south. Its housing prices are substantially less expensive. The median home in Watertown Town costs $559,700, which is $299,900 (53%) lower than Belmont. Rent there is a little less expensive. The median rent in Watertown Town is $1,853 a month, which works out to $149 (8%) lower than Belmont.
Waltham
Waltham is Belmont's neighbor to the west. Real estate prices there are substantially less expensive. The value of the median home in Waltham is $536,500, which is $323,100 (60%) lower than Belmont. Its rents are a bit less expensive. In Waltham the median monthly rent is $1,726, which is $276 (15%) lower than Belmont.
Cambridge
Cambridge is Belmont's neighbor to the southeast. Housing prices there are a bit less expensive. The cost of the median home in Cambridge is $768,300, which works out to $91,300 (11%) lower than Belmont. The rent there is a bit more expensive. Cambridge's median rent is $2,221 a month, which is $219 (9%) higher than Belmont.
Somerville
Somerville is about 3 miles east from Belmont. Housing prices there are somewhat less expensive. The median home cost in Somerville is $664,700, which is $194,900 (29%) lower than Belmont. Its rents are a little less expensive. In Somerville the median rent is $1,874 per month, which comes out to $128 (6%) lower than Belmont.
