Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 24,327 people, 7,645 houses or apartments, and a median cost of homes of $366,326, Belton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Belton, accounting for 59.91% of the city's housing units. Other types of housing that are prevalent in Belton include large apartment complexes or high rise apartments ( 23.72%), duplexes, homes converted to apartments or other small apartment buildings ( 9.31%), and a few mobile homes or trailers ( 4.40%).
The most prevalent building size and type in Belton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.35% owning and 56.65% renting.
Belton homes and real estate are some of the newest in America. 44.50% of Belton's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Belton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.30%), and between 1940-1969 ( 19.91%). There's also some housing in Belton built before 1939 ( 4.29%).
In the last 10 years, Belton has experienced some of the highest home appreciation rates of any community in the nation. Belton real estate appreciated 125.35% over the last ten years, which is an average annual home appreciation rate of 8.46%, putting Belton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Belton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Belton appreciation rates have trailed the rest of the nation. In the last twelve months, Belton's appreciation rate has been 5.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Belton were at -0.83%, which equates to an annual appreciation rate of -3.28%.
Notably, Belton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Belton's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Belton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Belton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Belton real estate investment or home purchase decisions.
$366,326
for Texas
for nation
7,645
$1,661 / per month