Belmont median real estate price is $355,493, which is more expensive than 62.3% of the neighborhoods in Pennsylvania and 46.0% of the neighborhoods in the U.S.
The average rental price in Belmont is currently $2,077, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.1% of the neighborhoods in Pennsylvania.
Belmont is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.
Belmont real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Belmont neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Belmont. The current real estate vacancy rate here is 26.5%. This is higher than the rate of vacancies in 93.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Belmont neighborhood could be your paradise. With 67.6% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 0.5% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
In addition, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Belmont neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Belmont neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 67.8% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.3% of the neighborhoods in the United States.
Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Belmont neighborhood has more single mother households than 97.8% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.
American households most often have a car, and regularly they have two or three. But households in the Belmont neighborhood buck this trend. 32.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.5% of U.S. neighborhoods.
More people ride the bus in this neighborhood each day to get to work than 97.5% of U.S. neighborhoods.
Did you know that the Belmont neighborhood has more Native American and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.0% of this neighborhood's residents have Native American ancestry and 1.1% have Slovak ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Belmont neighborhood in Philadelphia are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.0% of U.S. neighborhoods. With 22.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.5% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Belmont neighborhood, 34.5% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.2%), and 17.7% in executive, management, and professional occupations.
The most common language spoken in the Belmont neighborhood is English, spoken by 96.3% of households. Some people also speak Spanish (2.5%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Belmont neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Native American (6.0%). There are also a number of people of Mexican ancestry (2.1%), and residents who report Sub-Saharan African roots (2.0%), and some of the residents are also of African ancestry (2.0%), along with some Jamaican ancestry residents (1.5%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Belmont neighborhood spend between 30 and 45 minutes commuting one-way to work (31.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (53.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (14.9%) and 13.5% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.