Burlington, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Burlington Neighborhoods Since 2000




Burlington, KY 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 16,944 people, 5,783 houses or apartments, and a median cost of homes of $162,415, Burlington real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Burlington, accounting for 69.24% of the town's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 23.02%), row houses and other attached homes ( 5.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.27%).

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 70.15% of Burlington's homes, and 69.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Burlington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Burlington built between 2000 and later ( 32.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.99%). There's also some housing in Burlington built before 1939 ( 2.54%).

Burlington Home Appreciation Rates

Real estate appreciation rates in Burlington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.15% during the period.

NeighborhoodScout's data show that during the latest twelve months, Burlington's appreciation rate, at 3.97%, has been at or slightly above the national average. In the latest quarter, Burlington's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Kentucky, our data show that Burlington's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$162,415

Burlington, KY HOME PRICES

Value Range
> $1,094,000 0.0
$820,001 - $1,094,000 0.0
$547,001 - $820,000 0.4
$438,001 - $547,000 0.7
$328,001 - $438,000 2.4
$219,001 - $328,000 24.6
$110,001 - $219,000 58.0
$55,001 - $110,000 11.5
$0 - $55,000 2.5

Very High for KY
Average for Nation

Value Relative to Nation Value Relative to State
44.6853392710653 17.0426065162907

Number Of Homes And Apartments:
5,783

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
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
13.81% 0.75% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,012 / per month

Homeownership Rate

Homeownership
Owners 70.15
Renters 29.85
Vacant 4.78

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 32.6
1970 - 1999 59.9
1940 - 1969 5.0
1939 or Older 2.5

Types of Homes

TYPE OF Burlington HOMES
Single-Family 69.2
Townhomes 5.7
Small Apt. Buildings 1.3
Apt. Complexes 23.0
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 2.11
1 Bedroom 6.65
2 Bedrooms 19.78
3 Bedrooms 42.38
4 Bedrooms 27.38
5 or more bedrooms 1.70