Burlington, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Burlington, CT Real Estate Data


Burlington Housing Market Information

With 9,623 people, 3,381 houses or apartments, and a median cost of homes of $323,521, real estate costs in Burlington are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

Single-family detached homes are the single most common housing type in Burlington, accounting for 95.23% 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 ( 2.20%), row houses and other attached homes ( 1.69%).

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 93.62% of Burlington's homes, and 85.40% 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 ( 27.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.09%). There's also some housing in Burlington built before 1939 ( 5.96%).

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 -1.10%, which is lower than 70% 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 2.11%, 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 0.71%, which equates to an annual appreciation rate of 2.86%.

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 lower than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$323,521

Burlington, CT HOME PRICES

Value Range
> $1,003,000 0.4
$752,001 - $1,003,000 0.4
$501,001 - $752,000 7.4
$401,001 - $501,000 20.1
$301,001 - $401,000 25.8
$200,001 - $301,000 36.3
$100,001 - $200,000 7.0
$50,001 - $100,000 0.0
$0 - $50,000 2.5

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
14.6571411840487 35.5029585798817

Number Of Homes And Apartments:
3,381

Rent & Ownership

 

Average Market Rent:
$1,402 / per month

Homeownership Rate

Homeownership
Owners 93.62
Renters 6.38
Vacant 4.52

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 12.1
1970 - 1999 54.9
1940 - 1969 27.0
1939 or Older 6.0

Types of Homes

TYPE OF Burlington HOMES
Single-Family 95.2
Townhomes 1.7
Small Apt. Buildings 2.2
Apt. Complexes 0.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 0.00
1 Bedroom 2.32
2 Bedrooms 8.59
3 Bedrooms 53.35
4 Bedrooms 32.05
5 or more bedrooms 3.70

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
33.67% 1.72% 6 4
* 10 is highest

Popular Neighborhoods in Burlington

Zip Codes in Burlington, CT