Burlington, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Burlington Neighborhoods Since 2000




Burlington, IA Real Estate Data


Burlington Housing Market Information

With 25,410 people, 10,882 houses or apartments, and a median cost of homes of $101,100, house prices in Burlington are solidly below the national average.

Single-family detached homes are the single most common housing type in Burlington, accounting for 74.44% of the city's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 10.90%), duplexes, homes converted to apartments or other small apartment buildings ( 10.34%), and a few row houses and other attached homes ( 2.80%).

Dwellings in Burlington tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.08% of the homes in Burlington have two or fewer bedrooms.

The housing in Burlington was primarily built before 1939 ( 45.80%), 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 ( 29.08%), followed by between 1970-1999 ( 21.21%). There's also some housing in Burlington built between 2000 and later ( 3.91%).

Burlington Home Appreciation Rates

Appreciation rates for homes in Burlington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.64%, which ranks in the top 30% nationwide. This equates to an annual average Burlington house appreciation rate of 1.64%.

NeighborhoodScout's data show that during the latest twelve months, Burlington's appreciation rate, at 4.72%, has been at or slightly above the national average. In the latest quarter, Burlington's appreciation rate has been -0.32%, which annualizes to a rate of -1.26%.

Notably, Burlington's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Iowa, our data show that Burlington's latest annual appreciation rate is higher 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:
$101,100

Burlington, IA HOME PRICES

Value Range
> $1,141,000 0.5
$855,001 - $1,141,000 0.1
$570,001 - $855,000 0.2
$456,001 - $570,000 0.6
$342,001 - $456,000 0.9
$228,001 - $342,000 5.1
$114,001 - $228,000 25.5
$57,001 - $114,000 49.6
$0 - $57,000 17.4

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
78.1489723019266 76.7901234567901

Number Of Homes And Apartments:
10,882

Rent & Ownership

 

Average Market Rent:
$793 / per month

Homeownership Rate

Homeownership
Owners 66.64
Renters 33.36
Vacant 9.59

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 3.9
1970 - 1999 21.2
1940 - 1969 29.1
1939 or Older 45.8

Types of Homes

TYPE OF Burlington HOMES
Single-Family 74.4
Townhomes 2.8
Small Apt. Buildings 10.3
Apt. Complexes 10.9
Mobile Homes 1.4
Other 0.1

Home Size

SIZE OF Burlington HOMES
No Bedroom 1.43
1 Bedroom 11.85
2 Bedrooms 35.80
3 Bedrooms 33.72
4 Bedrooms 13.85
5 or more bedrooms 3.35

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
33.94% 1.73% 3 4
* 10 is highest