Burlington, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Burlington Neighborhoods Since 2000




Burlington, CT 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

Burlington Housing Market Information

With a population of 9,623, 3,374 total housing units (homes and apartments), and a median house value of $312,324, Burlington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Burlington, accounting for 93.89% of the town's housing units. Other types of housing that are prevalent in Burlington include duplexes, homes converted to apartments or other small apartment buildings ( 2.69%), row houses and other attached homes ( 2.29%), and a few large apartment complexes or high rise apartments ( 1.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Burlington. Owner-occupied housing accounts for 92.94% of Burlington's homes, and 85.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Burlington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Burlington built between 1940-1969 ( 22.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.76%). There's also some housing in Burlington built before 1939 ( 7.21%).

Burlington Home Appreciation Rates

Burlington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Burlington during the period has been just -1.55%, which is lower than 80% of US communities.

Over the last year, Burlington appreciation rates have trailed the rest of the nation. In the last twelve months, Burlington's appreciation rate has been 0.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Burlington were at -1.07%, which equates to an annual appreciation rate of -4.22%.

Notably, Burlington's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Burlington's latest annual appreciation rate is higher than 50% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$312,324

Burlington, CT HOME PRICES

Value Range
> $985,000 0.0
$738,001 - $985,000 0.8
$493,001 - $738,000 9.8
$394,001 - $493,000 20.5
$295,001 - $394,000 22.4
$197,001 - $295,000 37.1
$98,001 - $197,000 7.3
$49,001 - $98,000 0.0
$0 - $49,000 2.2

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
15.2232509082386 34.3195266272189

Number Of Homes And Apartments:
3,374

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
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
28.83% 1.48% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,624 / per month

Homeownership Rate

Homeownership
Owners 92.94
Renters 7.06
Vacant 4.55

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 12.8
1970 - 1999 58.0
1940 - 1969 22.0
1939 or Older 7.2

Types of Homes

TYPE OF Burlington HOMES
Single-Family 93.9
Townhomes 2.3
Small Apt. Buildings 2.7
Apt. Complexes 1.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 0.00
1 Bedroom 1.78
2 Bedrooms 8.20
3 Bedrooms 56.12
4 Bedrooms 29.36
5 or more bedrooms 4.53

Popular Neighborhoods in Burlington

Zip Codes in Burlington, CT