West Burlington, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating West Burlington Neighborhoods Since 2000




West 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

West Burlington Housing Market Information

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.

West Burlington Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$108,273

West Burlington, IA HOME PRICES

Value Range
> $1,074,000 2.2
$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

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
72.4188444861127 66.6666666666667

Number Of Homes And Apartments:
1,398

West 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
38.02% 1.89% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 67.68
Renters 32.32
Vacant 11.52

Housing Market Details

 

Age of Homes

AGE OF West Burlington HOMES
2000 or Newer 11.2
1970 - 1999 28.4
1940 - 1969 36.1
1939 or Older 24.4

Types of Homes

TYPE OF West Burlington HOMES
Single-Family 59.7
Townhomes 3.6
Small Apt. Buildings 2.0
Apt. Complexes 21.6
Mobile Homes 13.1
Other 0.0

Home Size

SIZE OF West Burlington HOMES
No Bedroom 0.00
1 Bedroom 19.43
2 Bedrooms 38.61
3 Bedrooms 29.68
4 Bedrooms 9.30
5 or more bedrooms 2.97

Popular Neighborhoods in West Burlington

Zip Codes in West Burlington, IA