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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,047, 1,398 total housing units (homes and apartments), and a median house value of $108,273, house prices in West Burlington are solidly below the national average.
Single-family detached homes are the single most common housing type in West Burlington, accounting for 59.68% of the city's housing units. Other types of housing that are prevalent in West Burlington include large apartment complexes or high rise apartments ( 21.65%), mobile homes or trailers ( 13.10%), and a few row houses and other attached homes ( 3.61%).
Dwellings in West Burlington tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 58.04% of the homes in West Burlington have two or fewer bedrooms.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. West Burlington's housing was primarily built during this period, from the '40s through the '60s. A full 36.08% of the city's housing hails from this era. Other housing ages represented in West Burlington include homes built between 1970-1999 ( 28.35%) and housing constructed before 1939 ( 24.37%). There's also some housing in West Burlington built between 2000 and later ( 11.20%).
Vacant housing appears to be an issue in West Burlington. Fully 11.52% of the housing stock is classified as vacant. Left unchecked, vacant West Burlington homes and apartments can be a drag on the real estate market, holding West 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.
In the last 10 years, West Burlington has experienced some of the highest home appreciation rates of any community in the nation. West Burlington real estate appreciated 16.11% over the last ten years, which is an average annual home appreciation rate of 1.51%, putting West Burlington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, West Burlington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, West Burlington appreciation rates have trailed the rest of the nation. In the last twelve months, West Burlington's appreciation rate has been 2.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Burlington were at 0.99%, which equates to an annual appreciation rate of 4.00%.
Relative to Iowa, our data show that West Burlington's latest annual appreciation rate is lower than 80% of the other cities and towns in Iowa.
|$805,001 - $1,074,000||0.0|
|$537,001 - $805,000||2.7|
|$429,001 - $537,000||2.7|
|$322,001 - $429,000||1.2|
|$215,001 - $322,000||5.7|
|$108,001 - $215,000||32.2|
|$54,001 - $108,000||37.4|
|$0 - $54,000||16.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF West Burlington HOMES|
|2000 or Newer||11.2|
|1970 - 1999||28.4|
|1940 - 1969||36.1|
|1939 or Older||24.4|
|TYPE OF West Burlington HOMES|
|Small Apt. Buildings||2.0|
|SIZE OF West Burlington HOMES|
|5 or more bedrooms||2.97|