The story of this market
The typical home in ZIP 02478 sells for about $1,570,000, or $650 per square foot.
Prices are down 3% from a year ago, which gives buyers more room to negotiate. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $3,000 a month.
ZIP 02478 — Belmont
The 02478 housing market remains robust, characterized by high demand and limited inventory, which keeps prices elevated despite minor year-over-year fluctuations. Buyers are showing resilience, and the market is supported by the town's reputation for safety and top-tier schools. While days on market have seen some volatility, the overall trend remains one of steady, high-value transactions.
This ZIP is ideal for families and professionals seeking a quiet, high-amenity suburban environment with top-tier schools and convenient access to Boston's urban core.
Median prices moved down 3.0% year over year.
Homes spend a median of 42 days on market with 2.1 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 3.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 02478, Middlesex County, MA
Belmont consistently ranks as one of the safest communities in Massachusetts, with crime rates significantly lower than both state and national averages.
The Belmont Public Schools district is highly regarded, consistently ranking among the top-performing school systems in the state with a strong emphasis on academic excellence.
The area faces moderate risk from winter storms and localized flooding in low-lying areas, with standard insurance coverage typically sufficient for most residential properties.
Belmont is primarily a residential community with limited commercial development, benefiting from its proximity to major employment hubs in Cambridge and Boston.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Residents benefit from excellent access to the MBTA Commuter Rail and bus lines, providing efficient transit to downtown Boston and the Kendall Square employment core.
The area features extensive green space including the Rock Meadow Conservation Area and Beaver Brook Reservation, alongside local shopping districts in Belmont Center and Cushing Square.
The rental market is characterized by low vacancy rates and high demand, driven by the town's proximity to universities and major biotech employers in the region.
The local economy is anchored by proximity to the Cambridge biotech and academic corridor, with many residents employed in education, healthcare, and technology.
The area is served by the MBTA Fitchburg Line and various bus routes, facilitating a straightforward commute into Boston and Cambridge.
Development is largely focused on small-scale residential infill and the expansion of town-wide infrastructure like the community path.
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Parcels are subject to the Belmont Public Schools district and standard municipal utility districts.
Property insurance premiums are stable, reflecting the town's low risk profile for natural disasters.
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Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Boston Tea Party Ships & Museum4.67 mi
- Kimball Farm Westford4.618 mi
- F1 Arcade Boston4.57.3 mi
- Museum of Illusions Boston4.56.7 mi
- Boda Borg Boston4.75.8 mi
- Fenway Park4.85.2 mi
- TD Garden4.66.1 mi
- Thomas M. Menino Convention & Exhibition Center4.57.4 mi
- Topgolf Boston - Canton3.914 mi
- MGM Music Hall at Fenway4.45.3 mi
- Fenway Park4.85.2 mi
- Boston Common4.76.2 mi
- Museum of Fine Arts, Boston4.85.7 mi
- New England Aquarium4.46.9 mi
- Harvard Square4.63.2 mi
- Museum of Fine Arts, Boston4.85.7 mi
- Boston Public Library4.85.9 mi
- Isabella Stewart Gardner Museum4.75.5 mi
- Museum of Science4.75.6 mi
- Boston Tea Party Ships & Museum4.67 mi
- Boston Common4.76.2 mi
- Franklin Park Zoo4.47.6 mi
- Public Garden4.86.1 mi
- Charles River Esplanade4.85.6 mi
- Arnold Arboretum of Harvard University4.86.7 mi
- Community Boating, Inc.4.65.7 mi
- MIT Sailing Pavilion4.95.1 mi
- Atlantic Wharf4.66.9 mi
- Constitution Marina4.66.1 mi
- Charlestown Marina4.86.5 mi
- Granite Links Golf Club4.612.3 mi
- Robert T. Lynch Municipal Golf Course3.96 mi
- George Wright4.59.1 mi
- Newton Commonwealth Golf Course43.5 mi
- William J. Devine Golf Course at Franklin Park4.27.9 mi
- Encore Boston Harbor4.35.4 mi
- Burlington Mall4.46.3 mi
- Prudential Center Boston4.55.7 mi
- Natick Mall4.512.6 mi
- Quincy Market4.56.6 mi
- Boston Logan International Airport4.18.7 mi
- Park Shuttle & Fly4.58.1 mi
- The Lounge3.48.4 mi
- DaCoopas Pizza4.17.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large conservation area with walking trails and community gardens.
The primary commercial hub featuring local boutiques and restaurants.
A large regional park offering trails, ponds, and recreational fields.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.