Burlington IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Burlington, IA 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 2020. 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 a population of 24,838, 10,948 total housing units (homes and apartments), and a median house value of $89,775, house prices in Burlington are some of the most affordable in Iowa as well as the nation.

Single-family detached homes are the single most common housing type in Burlington, accounting for 75.93% of the city's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 11.48%), duplexes, homes converted to apartments or other small apartment buildings ( 8.50%), and a few row houses and other attached homes ( 3.30%).

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 68.27% of Burlington's homes, and 50.13% have either three or four bedrooms, which is average sized relative to America.

The housing in Burlington was primarily built before 1939 ( 48.79%), making the housing stock in Burlington some of the oldest overall in America, although there is a range of ages of homes in Burlington. The next most important housing age is between 1940-1969 ( 25.83%), followed by between 1970-1999 ( 19.46%). There's also some housing in Burlington built between 2000 and later ( 5.93%).

Burlington Home Appreciation Rates

Real estate appreciation rates in Burlington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.73% during the period.

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 3.06%, 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 1.17%, which equates to an annual appreciation rate of 4.77%.

Relative to Iowa, our data show that Burlington's latest annual appreciation rate is lower than 70% of the other cities and towns in Iowa.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Burlington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burlington - 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 Burlington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$89,775

Burlington, IA HOME PRICES

Value Range
> $1,085,000 0.1
$813,001 - $1,085,000 0.1
$542,001 - $813,000 0.6
$434,001 - $542,000 0.5
$325,001 - $434,000 1.6
$217,001 - $325,000 6.3
$108,001 - $217,000 28.0
$54,001 - $108,000 44.9
$0 - $54,000 17.9

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
90.5226277372263 92.3456790123457

Number Of Homes And Apartments:
10,948

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
37.50% 1.58%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$963 / per month

Homeownership Rate

Homeownership
Owners 68.27
Renters 31.73
Vacant 9.89

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 5.9
1970 - 1999 19.5
1940 - 1969 25.8
1939 or Older 48.8

Types of Homes

TYPE OF Burlington HOMES
Single-Family 75.9
Townhomes 3.3
Small Apt. Buildings 8.5
Apt. Complexes 11.5
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 1.08
1 Bedroom 12.39
2 Bedrooms 32.93
3 Bedrooms 39.13
4 Bedrooms 11.00
5 or more bedrooms 3.47