Burlington, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 9,640, 3,363 total housing units (homes and apartments), and a median house value of $318,762, 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 94.52% of the town's housing units. Other types of housing that are prevalent in Burlington include row houses and other attached homes ( 2.09%), duplexes, homes converted to apartments or other small apartment buildings ( 1.89%), and a few large apartment complexes or high rise apartments ( 1.31%).

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 95.07% of Burlington's homes, and 85.06% 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 ( 22.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.36%). There's also some housing in Burlington built before 1939 ( 8.62%).

Burlington Home Appreciation Rates

Homes have actually lost value in Burlington over the last then years, as home values have seen a decline of 10.53% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Burlington home appreciation rates at 0.97%, which equates to an annual appreciation rate of 3.92%.

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 -1.88%, 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 0.97%, which equates to an annual appreciation rate of 3.92%.

Relative to Connecticut, our data show that Burlington's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$318,762

Burlington, CT HOME PRICES

Value Range
> $976,000 0.3
$732,001 - $976,000 1.2
$488,001 - $732,000 11.9
$390,001 - $488,000 18.2
$293,001 - $390,000 21.4
$195,001 - $293,000 35.2
$98,001 - $195,000 8.6
$49,001 - $98,000 0.8
$0 - $49,000 2.3

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
17.7021897810219 39.6449704142012

Number Of Homes And Apartments:
3,363

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
27.68% 1.26%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,214 / per month

Homeownership Rate

Homeownership
Owners 95.07
Renters 4.93
Vacant 6.45

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 17.4
1970 - 1999 51.8
1940 - 1969 22.2
1939 or Older 8.6

Types of Homes

TYPE OF Burlington HOMES
Single-Family 94.5
Townhomes 2.1
Small Apt. Buildings 1.9
Apt. Complexes 1.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 0.45
1 Bedroom 0.72
2 Bedrooms 8.62
3 Bedrooms 52.77
4 Bedrooms 32.29
5 or more bedrooms 5.15

Popular Neighborhoods in Burlington

Zip Codes in Burlington, CT