Burton, MI 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Burton, MI Housing Market Trends

With 28,574 people, 11,428 houses or apartments, and a median cost of homes of $107,147, house prices in Burton are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Burton, accounting for 81.75% of the city's housing units. Other types of housing that are prevalent in Burton include large apartment complexes or high rise apartments ( 8.27%), mobile homes or trailers ( 5.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Burton. Owner-occupied housing accounts for 73.68% of Burton's homes, and 61.28% 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. Burton's housing was primarily built during this period, from the '40s through the '60s. A full 52.97% of the city's housing hails from this era. Other housing ages represented in Burton include homes built between 1970-1999 ( 28.71%) and housing constructed between 2000 and later ( 10.00%). There's also some housing in Burton built before 1939 ( 8.32%).

Burton Home Appreciation Rates

In the last 10 years, Burton has experienced some of the highest home appreciation rates of any community in the nation. Burton real estate appreciated 92.24% over the last ten years, which is an average annual home appreciation rate of 6.75%, putting Burton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Burton 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 Burton that despite a nationwide downturn in the housing market, Burton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burton appreciation rates continue to be some of the highest in America, at 16.09%, which is higher than appreciation rates in 97.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burton. Burton appreciation rates in the latest quarter were at 3.27%, which equates to an annual appreciation rate of 13.73%.

Relative to Michigan, our data show that Burton's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Burton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burton - 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 Burton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$107,147

Burton, MI HOME PRICES

> $1,367,000
0.1%
0.1%
$1,026,001 - $1,367,000
1.6%
1.6%
$684,001 - $1,026,000
0.8%
0.8%
$547,001 - $684,000
0.0%
0.0%
$410,001 - $547,000
0.5%
0.5%
$273,001 - $410,000
6.0%
6.0%
$137,001 - $273,000
28.1%
28.1%
$68,001 - $137,000
36.1%
36.1%
$0 - $68,000
26.9%
26.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for MI

Value Relative To Nation

Number Of Homes And Apartments:
11,428

Burton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
22.10% 0.93%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,211 / per month

Homeownership Rate

Owners
73.7%
73.7%
Renters
26.3%
26.3%
Vacant
9.3%
9.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.0%
10.0%
1970 - 1999
28.7%
28.7%
1940 - 1969
53.0%
53.0%
1939 or Older
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.8%
81.8%
Townhomes
1.7%
1.7%
Small Apt. Buildings
2.7%
2.7%
Apt. Complexes
8.3%
8.3%
Mobile Homes
5.5%
5.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
8.7%
8.7%
2 Bedrooms
28.0%
28.0%
3 Bedrooms
51.7%
51.7%
4 Bedrooms
9.5%
9.5%
5 or more bedrooms
1.5%
1.5%
0.0% 100.0%
% OF HOMES