Belmont Estates, VA
Population 1,037 · Virginia
About Belmont Estates, VA
Belmont Estates is a small town located in Virginia with a population of 1,037 residents according to the latest US Census Bureau American Community Survey data. The median household income is $95,900 per year, which is 28% above the national median of $75,149. The median age of 71.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Belmont Estates features a median home value of $398,000, which is 63% above the national median of $244,900. This places Belmont Estates in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 438 total housing units, 96% are owner-occupied (421 units) and 4% are renter-occupied (17 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Belmont Estates shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Belmont Estates have an average one-way commute time of 11.9 minutes, one of the shorter commutes in the region.
Education & Demographics
45.4% of Belmont Estates residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 3.5% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Belmont Estates, VA
Compared to national averages, Belmont Estates has a median household income of $95,900 (28% above the national median of $75,149). Home values average $398,000, which is 63% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Virginia, Belmont Estates's income is 9% above the state average of $87,957, and home values are 22% above the state median of $327,514.
Why Live in Belmont Estates, VA?
Belmont Estates offers a strong local economy with a median household income of $95,900, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 45.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.3%, better than the national average, and short commute times averaging just 11.9 minutes.
Potential considerations include a competitive housing market where the typical home costs $398,000. However, Belmont Estates’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Belmont Estates has a population of 1,037 with a median age of 71.4 years. Compare Belmont Estates with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Belmont Estates
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Riner | 1,037 | $87,230 | $353,000 | Compare |
| Cluster Springs | 1,038 | $64,250 | $147,000 | Compare |
| Elliston | 1,041 | $0 | $162,500 | Compare |
| St. Paul | 1,046 | $29,554 | $178,800 | Compare |
| Atkins | 1,026 | $46,432 | $77,700 | Compare |
| Craigsville | 1,052 | $40,080 | $142,400 | Compare |
| Bassett | 1,020 | $41,992 | $186,100 | Compare |
| Passapatanzy | 1,015 | $114,792 | $337,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Belmont Estates With Other Cities
Frequently Asked Questions about Belmont Estates
What is the population of Belmont Estates, VA?
The population of Belmont Estates, VA is 1,037 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Belmont Estates?
The median household income in Belmont Estates, VA is $95,900 per year, which is 28% above the national median of $75,149.
What is the median home value in Belmont Estates?
The median home value in Belmont Estates, VA is $398,000, which is 63% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Belmont Estates?
The median monthly rent in Belmont Estates, VA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Belmont Estates?
The unemployment rate in Belmont Estates, VA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Belmont Estates, VA a good place to live?
Belmont Estates offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,037 and a median age of 71.4, the city appeals to established professionals and retirees.
How educated is Belmont Estates, VA?
45.4% of residents in Belmont Estates aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Belmont Estates?
Key cost-of-living indicators for Belmont Estates, VA: median home value is $398,000 (63% above national), median rent is $0/month, and median household income is $95,900. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Belmont Estates?
The poverty rate in Belmont Estates, VA is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Belmont Estates, VA?
Belmont Estates's population is 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 3.5% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.