Burlingame, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Burlingame, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Burlingame Housing Market Information

With 30,459 people, 12,274 houses or apartments, and a median cost of homes of $1,834,644, 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%).

Burlingame Home Appreciation Rates

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 58.71% over the last ten years, which is an average annual home appreciation rate of 4.73%, 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 10.07%, which is higher than appreciation rates in 94.07% 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 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Burlingame one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Burlingame's latest annual appreciation rate is higher than 80% 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.

Average Home Values

 

Median Home Value:
$1,834,644

Burlingame, CA HOME PRICES

Value Range
> $1,434,000 71.8
$1,076,001 - $1,434,000 14.1
$717,001 - $1,076,000 7.5
$574,001 - $717,000 2.8
$430,001 - $574,000 0.9
$287,001 - $430,000 1.1
$143,001 - $287,000 1.0
$72,001 - $143,000 0.3
$0 - $72,000 0.5

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.240243759521856 3.83597883597884

Number Of Homes And Apartments:
12,274

Burlingame Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
132.21% 5.01% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,284 / per month

Homeownership Rate

Homeownership
Owners 46.02
Renters 53.98
Vacant 4.76

Housing Market Details

 

Age of Homes

AGE OF Burlingame HOMES
2000 or Newer 3.4
1970 - 1999 28.3
1940 - 1969 38.9
1939 or Older 29.4

Types of Homes

TYPE OF Burlingame HOMES
Single-Family 46.8
Townhomes 2.4
Small Apt. Buildings 9.5
Apt. Complexes 41.0
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Burlingame HOMES
No Bedroom 6.39
1 Bedroom 27.92
2 Bedrooms 27.30
3 Bedrooms 20.20
4 Bedrooms 15.21
5 or more bedrooms 2.99