The typical owner-occupied home in Belmont is worth about $208,700, 48% below the New Hampshire median of $402,500 and 37% below the national median of $332,700. Owners pay a median $4,285 a year in property taxes, about 2.05% of their home's value, higher than the New Hampshire rate of 1.66%. The median household earns $52,594 a year, so the median home costs 4.0 times the median income (4.1 times for New Hampshire). 80% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Belmont at a glance
| Belmont | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $208,700 | $402,500 | $332,700 |
| Median property tax paid per year | $4,285 | $6,667 | $3,119 |
| Property tax as a share of value | 2.05% | 1.66% | 0.94% |
| Median household income | $52,594 | $99,031 | $80,734 |
| Homes lived in by their owners | 80% | 73% | 65% |
| Owner homes with a mortgage | 48% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,616 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 15.8% | 21.9% | 21.0% |
| Median rent | $919 | $1,491 | $1,413 |
| Rent as a share of renters' income | 33.9% | 29.4% | 30.6% |
| Median year homes were built | 1977 | 1979 | 1980 |
| Vacant homes | 6.3% | 14.3% | 10.1% |
| Population | 1,378 | 1,394,868 | 334,922,499 |
What a typical home costs per month in Belmont
At this week's average 30-year rate of 7.11%, buying the median Belmont home of $208,700 with 20% down costs about $1,567 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,914, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $67,142 for the 20%-down payment. That payment is 36% of the median Belmont household income of $52,594; at that income and 20% down, the 28% guideline points to a home of about $163,000.
The median rent here is $919 a month, so owning the median home costs about $648 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,740 |
|---|---|
| Loan amount | $166,960 |
| Principal and interest | $1,123 |
| Property taxes (2.05% a year) | $357 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| PMI | $0 |
| Total per month | $1,567 |
Change the numbers in the calculator
| Down payment | $7,304 |
|---|---|
| Loan amount | $204,920 |
| Principal and interest | $1,379 |
| Property taxes (2.05% a year) | $357 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| FHA mortgage insurance | $92 |
| Total per month | $1,914 |
Change the numbers in the calculator
Questions about home buying in Belmont
What is the median home value in Belmont?
About $208,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Belmont?
Homeowners pay a median $4,285 a year, which is about 2.05% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Belmont?
For the median home with 20% down at 7.11%, the payment is about $1,567 a month. Keeping that under 28% of gross income takes about $67,142 a year.
More about Belmont
- Mortgage Refinance in Belmont
- Debt Relief in Belmont
- Home Equity Loans in Belmont
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data