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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Burlington, IA Real Estate Market

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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Burlington, IA Housing Market Trends

With a population of 23,611, 11,207 total housing units (homes and apartments), and a median house value of $124,417, 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 74.71% of the city's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 11.89%), duplexes, homes converted to apartments or other small apartment buildings ( 8.16%), and a few row houses and other attached homes ( 4.29%).

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 66.00% of Burlington's homes, and 47.56% have either three or four bedrooms, which is average sized relative to America.

The housing in Burlington was primarily built before 1939 ( 43.25%), 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 ( 28.81%), followed by between 1970-1999 ( 18.16%). There's also some housing in Burlington built between 2000 and later ( 9.78%).

Burlington Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Burlington, where house values have increased just 38.50%, which is annualized rate of 3.31%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 4.37%, 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 1.02%, which equates to an annual appreciation rate of 4.14%.

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

$124,417

Burlington, IA Home Prices
> $1,208,000
$906,001 - $1,208,000
$604,001 - $906,000
$483,001 - $604,000
$362,001 - $483,000
$241,001 - $362,000
$121,001 - $241,000
$60,001 - $121,000
$0 - $60,000
0.0%
0.0%
0.0%
0.0%
1.4%
1.4%
1.0%
1.0%
3.8%
3.8%
12.1%
12.1%
35.9%
35.9%
33.1%
33.1%
12.7%
12.7%
0% 100.0%
% of Homes
Very Low

for Iowa

Very Low

for nation

Number of Homes And Apartments:

11,207

Burlington Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,183 / per month

Homeownership Rate

Owners
Renters
66.0%
66.0%
34.0%
34.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.7%
9.7%
90.3%
90.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.8%
9.8%
18.2%
18.2%
28.8%
28.8%
43.2%
43.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.7%
74.7%
4.3%
4.3%
8.2%
8.2%
11.9%
11.9%
0.7%
0.7%
0.3%
0.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
9.0%
9.0%
34.9%
34.9%
35.6%
35.6%
12.0%
12.0%
6.1%
6.1%
0% 100.0%
% of Homes