Burlington, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Burlington Neighborhoods Since 2000




Burlington, MA 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 25,920, 9,359 total housing units (homes and apartments), and a median house value of $502,746, real estate costs in Burlington are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Burlington, accounting for 66.03% of the town's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 27.92%), row houses and other attached homes ( 3.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.32%).

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 70.06% of Burlington's homes, and 58.69% have either three or four bedrooms, which is average sized relative to America.

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. Burlington's housing was primarily built during this period, from the '40s through the '60s. A full 46.32% of the town's housing hails from this era. Other housing ages represented in Burlington include homes built between 1970-1999 ( 33.33%) and housing constructed between 2000 and later ( 15.55%). There's also some housing in Burlington built before 1939 ( 4.80%).

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 15.68% over the last ten years, which is an average annual home appreciation rate of 1.47%, 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.

Appreciation rates are so strong in Burlington that despite a nationwide downturn in the housing market, Burlington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burlington appreciation rates continue to be some of the highest in America, at 5.66%, which is higher than appreciation rates in 70.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burlington. Burlington appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Burlington's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$502,746

Burlington, MA HOME PRICES

Value Range
> $1,201,000 1.0
$901,001 - $1,201,000 1.3
$601,001 - $901,000 21.6
$481,001 - $601,000 33.9
$360,001 - $481,000 29.9
$240,001 - $360,000 6.1
$120,001 - $240,000 1.0
$60,001 - $120,000 1.9
$0 - $60,000 3.2

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
5.86546349466776 23.0769230769231

Number Of Homes And Apartments:
9,359

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
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
65.91% 2.98% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,399 / per month

Homeownership Rate

Homeownership
Owners 70.06
Renters 29.94
Vacant 5.06

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 15.6
1970 - 1999 33.3
1940 - 1969 46.3
1939 or Older 4.8

Types of Homes

TYPE OF Burlington HOMES
Single-Family 66.0
Townhomes 3.5
Small Apt. Buildings 2.3
Apt. Complexes 27.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 4.10
1 Bedroom 11.55
2 Bedrooms 19.95
3 Bedrooms 36.62
4 Bedrooms 22.07
5 or more bedrooms 5.70