Similar to other places in this area, it's substantially less expensive compared to the entire nation. However compared to the city of Buffalo, it is a little less expensive.
Home prices
The median home in Belmont costs $67,600. In comparison to its nearby areas it is approximately $840 (1%) higher.Compared to the country as a whole it is roughly $149,900 (68%) lower, and it is about $22,200 (24%) lower compared to the city of Buffalo.
Rents
Belmont's median rent is $570 per month. Compared to its nearby areas this is approximately $44 (7%) lower.Compared to the rest of the country it is about $492 (46%) lower, and it is roughly $206 (26%) lower in comparison to the city of Buffalo.
Nearby places
Scio
Scio is roughly 3 miles southeast from Belmont. Its housing prices are a little more expensive. The price of the median home in Scio is $71,900, which comes out to $4,300 (5%) higher than Belmont. Rent there is a bit more expensive. In Scio the median monthly rent is $675, which is $105 (15%) higher than Belmont.
Friendship
Friendship is approximately 4 miles west from Belmont. Its real estate prices are a lot less expensive. The median home in Friendship costs $50,100, which is $17,500 (34%) lower than Belmont. The rent there is a bit more expensive. Friendship's median rent is $640 a month, which is $70 (10%) higher than Belmont.
Angelica
Angelica is roughly 5 miles north from Belmont. Real estate prices there are a bit more expensive. The median home price in Angelica is $82,100, which works out to $14,500 (17%) higher than Belmont. Rent there is similar. The median rent in Angelica is $592 per month, which is $22 (3%) higher than Belmont.
Wellsville
Wellsville is approximately 7 miles southeast of Belmont. The real estate prices there are a little less expensive. The median home value in Wellsville is $61,900, which comes out to $5,700 (9%) lower than Belmont. Rent there is somewhat more expensive. The median rent in Wellsville is $627 a month, which is $57 (9%) higher than Belmont.
Belfast
Belfast is approximately 8 miles northwest of Belmont. The real estate prices there are similar. The median home price in Belfast is $67,800, which is very similar to Belmont. Rent there is a little less expensive. In Belfast the median rent is $537 per month, which comes out to $33 (6%) lower than Belmont.
