Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 30,459, 12,274 total housing units (homes and apartments), and a median house value of $1,875,872, Burlingame house prices are not only among the most expensive in California, Burlingame real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Burlingame, accounting for 46.85% of the city's housing units. Other types of housing that are prevalent in Burlingame include large apartment complexes or high rise apartments ( 40.96%), duplexes, homes converted to apartments or other small apartment buildings ( 9.50%), and a few row houses and other attached homes ( 2.41%).
People in Burlingame primarily live in small (one, two or no bedroom) single-family detached homes. Burlingame has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Burlingame's housing was primarily built during this period, from the '40s through the '60s. A full 38.92% of the city's housing hails from this era. Other housing ages represented in Burlingame include homes built before 1939 ( 29.37%) and housing constructed between 1970-1999 ( 28.29%). There's also some housing in Burlingame built between 2000 and later ( 3.41%).
In the last 10 years, Burlingame has experienced some of the highest home appreciation rates of any community in the nation. Burlingame real estate appreciated 60.86% over the last ten years, which is an average annual home appreciation rate of 4.87%, putting Burlingame in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Burlingame definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Burlingame that despite a nationwide downturn in the housing market, Burlingame real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burlingame appreciation rates continue to be some of the highest in America, at 9.56%, which is higher than appreciation rates in 90.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burlingame. Burlingame appreciation rates in the latest quarter were at 2.15%, which equates to an annual appreciation rate of 8.89%.
Relative to California, our data show that Burlingame's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Burlingame differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burlingame - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Burlingame real estate investment or home purchase decisions.
|$1,100,001 - $1,466,000||14.1|
|$733,001 - $1,100,000||7.5|
|$587,001 - $733,000||2.8|
|$440,001 - $587,000||0.9|
|$293,001 - $440,000||1.1|
|$146,001 - $293,000||1.0|
|$74,001 - $146,000||0.3|
|$0 - $74,000||0.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Burlingame HOMES|
|2000 or Newer||3.4|
|1970 - 1999||28.3|
|1940 - 1969||38.9|
|1939 or Older||29.4|
|TYPE OF Burlingame HOMES|
|Small Apt. Buildings||9.5|
|SIZE OF Burlingame HOMES|
|5 or more bedrooms||2.99|