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 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 25,022 people, 10,937 houses or apartments, and a median cost of homes of $93,999, 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 76.80% of the city's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 10.94%), duplexes, homes converted to apartments or other small apartment buildings ( 9.15%), and a few row houses and other attached homes ( 2.43%).

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 66.28% of Burlington's homes, and 49.98% have either three or four bedrooms, which is average sized relative to America.

The housing in Burlington was primarily built before 1939 ( 48.25%), 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 ( 26.41%), followed by between 1970-1999 ( 20.06%). There's also some housing in Burlington built between 2000 and later ( 5.27%).

Vacant housing appears to be an issue in Burlington. Fully 10.29% of the housing stock is classified as vacant. Left unchecked, vacant Burlington homes and apartments can be a drag on the real estate market, holding Burlington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 1.42% 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 -0.83%, 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 0.36%, which equates to an annual appreciation rate of 1.45%.

Relative to Iowa, our data show that Burlington's latest annual appreciation rate is lower than 90% 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:
$93,999

Burlington, IA HOME PRICES

Value Range
> $1,065,000 0.2
$799,001 - $1,065,000 0.1
$533,001 - $799,000 0.6
$426,001 - $533,000 0.6
$320,001 - $426,000 1.5
$213,001 - $320,000 5.3
$107,001 - $213,000 29.5
$53,001 - $107,000 44.7
$0 - $53,000 17.5

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
86.6335766423358 88.3950617283951

Number Of Homes And Apartments:
10,937

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
35.22% 1.56%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$939 / per month

Homeownership Rate

Homeownership
Owners 66.28
Renters 33.72
Vacant 10.29

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 5.3
1970 - 1999 20.1
1940 - 1969 26.4
1939 or Older 48.3

Types of Homes

TYPE OF Burlington HOMES
Single-Family 76.8
Townhomes 2.4
Small Apt. Buildings 9.1
Apt. Complexes 10.9
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 1.83
1 Bedroom 13.22
2 Bedrooms 32.97
3 Bedrooms 38.70
4 Bedrooms 11.29
5 or more bedrooms 1.99