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Real Estate Prices & Overview

Median real estate price in the Town Center of Belmont is $457,678, which is more expensive than 85.3% of the neighborhoods in Michigan and 61.3% of the neighborhoods in the U.S.

The average rental price in Belmont Town Center is currently $2,206, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.2% of the neighborhoods in Michigan.

Belmont Town Center is a rural neighborhood (based on population density) located in Belmont, Michigan.

Real estate in the Town Center of Belmont, MI is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Belmont Town Center, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.1% of all neighborhoods in the U.S. This means that the housing supply in Belmont Town Center is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

A majority of the adults in the Belmont Town Center neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Michigan by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 98.6% of the neighborhoods in Michigan. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and urban sophisticates.

In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Belmont Town Center neighborhood may actually hold the key. 71.8% of its residents are married, which is a higher percentage than is found in 97.6% of the neighborhoods in America.

Real Estate

Owner-occupied real estate dominates the Belmont Town Center neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.4% of neighborhoods in America.

In addition, the Belmont Town Center neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.2% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 97.9% of all neighborhoods in America.

Diversity

Did you know that the Belmont Town Center neighborhood has more Dutch and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.2% of this neighborhood's residents have Dutch ancestry and 1.0% have Canadian ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Town Center neighborhood in Belmont are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.2% of the neighborhoods in America. In addition, 3.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 69.7% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Belmont Town Center neighborhood, 52.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.1%), and 10.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Belmont Town Center neighborhood is English, spoken by 95.7% of households. Some people also speak Spanish (4.1%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Town Center neighborhood in Belmont, MI, residents most commonly identify their ethnicity or ancestry as German (26.2%). There are also a number of people of Dutch ancestry (19.2%), and residents who report English roots (17.6%), and some of the residents are also of Irish ancestry (8.0%), along with some Polish ancestry residents (6.3%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Belmont Town Center neighborhood spend between 15 and 30 minutes commuting one-way to work (63.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (87.6%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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