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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Burlington Housing Market Information

With 9,665 people, 3,367 houses or apartments, and a median cost of homes of $346,666, 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 92.90% 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 ( 2.85%), row houses and other attached homes ( 2.24%), and a few large apartment complexes or high rise apartments ( 1.84%).

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 93.95% of Burlington's homes, and 83.51% 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 ( 20.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.08%). There's also some housing in Burlington built before 1939 ( 7.49%).

Burlington Home Appreciation Rates

Homes have actually lost value in Burlington over the last then years, as home values have seen a decline of 6.98% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Burlington home appreciation rates at 0.11%, which equates to an annual appreciation rate of 0.42%.

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 1.39%, 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 0.11%, which equates to an annual appreciation rate of 0.42%.

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 70% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$346,666

Burlington, CT HOME PRICES

Value Range
> $1,009,000 0.6
$757,001 - $1,009,000 1.6
$505,001 - $757,000 13.3
$404,001 - $505,000 19.1
$303,001 - $404,000 22.0
$202,001 - $303,000 33.1
$101,001 - $202,000 8.2
$51,001 - $101,000 0.8
$0 - $51,000 1.4

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
15.7605839416058 31.9526627218935

Number Of Homes And Apartments:
3,367

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
30.08% 1.32%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,176 / per month

Homeownership Rate

Homeownership
Owners 93.95
Renters 6.05
Vacant 5.92

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 18.1
1970 - 1999 53.9
1940 - 1969 20.6
1939 or Older 7.5

Types of Homes

TYPE OF Burlington HOMES
Single-Family 92.9
Townhomes 2.2
Small Apt. Buildings 2.8
Apt. Complexes 1.8
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 1.48
1 Bedroom 0.89
2 Bedrooms 8.47
3 Bedrooms 51.27
4 Bedrooms 32.24
5 or more bedrooms 5.64

Popular Neighborhoods in Burlington

Zip Codes in Burlington, CT