|
Rent or Buy in Belmont, MA - You be the Judge!
Current rental inventory in Belmont MA is low and with various price ranges, ex: Belmont Hill single family renting for $4,300 / month to 1 or 2 bedroom apts. in 2 family bldgs. from $1,400 - $2,400 / month. Rents are expected to continue to rise through 2012.
Now may be a good time to think about a home purchase. With over 60+ Belmont properties (A3 property search) currently on the market and 30 year fixed mortgages at 4% or lower it may make sense to buy now.
Recent Belmont condo closing:
2 bedrooms, 1000 square feet with parking closed in October 2011 for $295,000. With 5% down ($14,750), a 30 yr fixed mortgage at 4%, including condo fee and taxes bring the monthly expenditure to $1,821.....search for recent closings here...A3 Sold Properties Search
and here are the pending sales for Belmont and the other communities we track weekly:
pending sales
|