Belmont: The Affordable Suburb Outperforming All Its Neighbours

Belmont posted a 14 percent rise in median sale prices through the second quarter, outpacing every other Pueblo residential pocket tracked by county records.

The gains arrive as broader U.S. markets absorb tariff uncertainty and shifting federal spending priorities, yet local buyers continue to favor entry-level stock that still sits below the citywide median. Pueblo County assessor data released last week showed Belmont homes selling at an average of $238,500, while comparable properties in adjacent Minnequa averaged $261,000 with only a 3 percent increase over the same six months.

Street-level activity

Three blocks along Ormes Avenue saw six transactions in May and June, each closing above list price after fewer than 12 days on market. The Pueblo Chamber of Commerce reported 47 new business licenses issued in the neighborhood during the first half of the year, including a small-batch brewery on the 1200 block of Abriendo Avenue and a medical-supply warehouse near the former CF&I steel site. These additions sit within walking distance of the Sangre de Cristo Arts Center, whose summer programming has drawn steady foot traffic since its May reopening.

Residents also cite improved access after the city completed curb and sidewalk repairs along two blocks of 8th Street in April, a project funded through the 2025 infrastructure bond.

Price and inventory data

Multiple listing service figures compiled by the Pueblo Association of Realtors put Belmont inventory at 38 active listings on July 1, down from 61 a year earlier. Days on market averaged 19, compared with 34 citywide. The same dataset showed average price per square foot reaching $172, still $28 below the figure recorded in the Hyde Park neighborhood two miles north.

Buyers seeking similar entry points should review listings on the county assessor portal before contacting local lenders, then schedule inspections through the Pueblo Building Department to confirm compliance with the updated 2024 energy code. Agents at firms along Northern Avenue continue to schedule open houses on weekend mornings through the end of July.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.