Unfortunately, the housing recovery in Warren County has lagged behind many other parts of the state. Especially in towns that are not convenient to mass transit and the major commuter highways. Belvidere is a beautiful town with many nice homes, but the location is not ideal for the typical east bound commuter. The above average tax rate is another factor in Belvidere's slow rise in prices.
As the prices of homes east of Belvidere begin to rise and become less affordable, people will be willing to travel further and further west and the homes in Belvidere will be more in demand.
That being said, Belvidere is a very nice town with a lot of potential.