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 about Scout's Real Estate Data
With 16,854 people, 5,980 houses or apartments, and a median cost of homes of $315,921, Burrillville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Burrillville, accounting for 69.91% of the town's housing units. Other types of housing that are prevalent in Burrillville include duplexes, homes converted to apartments or other small apartment buildings ( 16.42%), large apartment complexes or high rise apartments ( 6.82%), and a few mobile homes or trailers ( 4.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Burrillville. Owner-occupied housing accounts for 72.59% of Burrillville's homes, and 56.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Burrillville 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 Burrillville built before 1939 ( 25.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.03%). There's also some housing in Burrillville built between 2000 and later ( 10.18%).
Appreciation rates for homes in Burrillville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 32.54%, which ranks in the top 50% nationwide. This equates to an annual average Burrillville house appreciation rate of 2.86%.
Appreciation rates are so strong in Burrillville that despite a nationwide downturn in the housing market, Burrillville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burrillville appreciation rates continue to be some of the highest in America, at 6.43%, which is higher than appreciation rates in 72.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burrillville. Burrillville appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.75%.
Relative to Rhode Island, our data show that Burrillville's latest annual appreciation rate is higher than 70% of the other cities and towns in Rhode Island.