Belmont Terrace, Chicago, IL
Belmont Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Belmont Terrace, Chicago, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Belmont Terrace Neighborhood Overview
Belmont Terrace is a residential neighborhood located in the Near North Side of Chicago, Illinois. Positioned with a ZIP code of 60601, it offers a central urban living experience. The area is characterized by its proximity to major city attractions and a well-established residential feel.
Lifestyle & Amenities
Residents enjoy easy access to the vibrant dining, shopping, and entertainment options of the Near North Side and downtown Chicago. The neighborhood's location provides a balance of quiet streets and close proximity to the energy of the city's core. Parks and green spaces are also within reach for recreation and relaxation.
Real Estate Market
The real estate market in Belmont Terrace is robust, with a Census median home value of $556,900. Current market data indicates a price per square foot of approximately $342.06, reflecting the desirability of the location. The area features a mix of historic homes and modern residential buildings.
Schools & Education
Families in Belmont Terrace are served by the Chicago Public Schools district and have access to a variety of educational options. The neighborhood's central location places it near several well-regarded public and private institutions. Prospective residents are encouraged to research current school boundaries and ratings.
Transportation & Connectivity
Belmont Terrace boasts excellent transportation links, including major bus routes and easy access to downtown expressways. The neighborhood's walkability score is high, allowing residents to reach many amenities on foot. Its central coordinates make it a well-connected hub within the city.
Why Choose Belmont Terrace
Belmont Terrace appeals to those seeking an established, centrally-located neighborhood with a strong sense of community. The area offers a high median household income of $121,294, indicative of its economic stability. It is an ideal choice for professionals and families wanting urban convenience with a residential atmosphere.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Belmont Terrace Market Data
| Metric | Value |
|---|---|
| Median Home Price | $557K |
| Median Gross Rent | $3K/mo |
| Median Household Income | $121K |
| Homeownership Rate | 30.5% |
| Renter-Occupied | 69.5% |
| Rental Vacancy Rate | 7.2% |
| Market Type | Buyer's |
| Market Tier | Luxury |
| Primary ZIP Code | 60601 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Belmont Terrace, Chicago
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Belmont Terrace, Chicago, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12