Burlington, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Burlington Neighborhoods Since 2000




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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 25,410, 10,744 total housing units (homes and apartments), and a median house value of $95,027, 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 76.20% of the city's housing units. Other types of housing that are prevalent in Burlington include duplexes, homes converted to apartments or other small apartment buildings ( 10.18%), large apartment complexes or high rise apartments ( 9.69%), and a few row houses and other attached homes ( 2.80%).

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 67.76% of Burlington's homes, and 49.75% have either three or four bedrooms, which is average sized relative to America.

The housing in Burlington was primarily built before 1939 ( 45.57%), 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 ( 28.18%), followed by between 1970-1999 ( 21.83%). There's also some housing in Burlington built between 2000 and later ( 4.42%).

Vacant housing appears to be an issue in Burlington. Fully 10.42% 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

In the last 10 years, Burlington has experienced some of the highest home appreciation rates of any community in the nation. Burlington real estate appreciated 17.39% over the last ten years, which is an average annual home appreciation rate of 1.62%, putting Burlington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Burlington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Burlington's appreciation rate, at 3.87%, has been at or slightly above the national average. In the latest quarter, Burlington's appreciation rate has been 0.99%, which annualizes to a rate of 4.00%.

Relative to Iowa, our data show that Burlington's latest annual appreciation rate is lower than 50% 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:
$95,027

Burlington, IA HOME PRICES

Value Range
> $1,110,000 0.5
$833,001 - $1,110,000 0.1
$555,001 - $833,000 0.3
$444,001 - $555,000 0.6
$333,001 - $444,000 0.9
$222,001 - $333,000 4.8
$111,001 - $222,000 29.2
$56,001 - $111,000 46.8
$0 - $56,000 16.8

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.7687800304699 80.4938271604938

Number Of Homes And Apartments:
10,744

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.44% 1.77% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$806 / per month

Homeownership Rate

Homeownership
Owners 67.76
Renters 32.24
Vacant 10.42

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 4.4
1970 - 1999 21.8
1940 - 1969 28.2
1939 or Older 45.6

Types of Homes

TYPE OF Burlington HOMES
Single-Family 76.2
Townhomes 2.8
Small Apt. Buildings 10.2
Apt. Complexes 9.7
Mobile Homes 1.1
Other 0.1

Home Size

SIZE OF Burlington HOMES
No Bedroom 1.41
1 Bedroom 11.43
2 Bedrooms 33.87
3 Bedrooms 35.98
4 Bedrooms 13.77
5 or more bedrooms 3.54