Burlington, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



Map Loading GIF Please wait, loading your map...

Highest
Lowest




Burlington, VT 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Burlington Housing Market Information

With 42,239 people, 16,067 houses or apartments, and a median cost of homes of $350,559, Burlington house prices are not only among the most expensive in Vermont, Burlington real estate also is some of the most expensive in all of America.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Burlington, accounting for 31.54% of the city's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 31.30%), single-family detached homes ( 30.32%), and a few row houses and other attached homes ( 5.35%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Burlington is dominated by renter-occupied one, two, or no bedrooms apartments. 67.59% of Burlington's dwellings are rentals.

The housing in Burlington was primarily built before 1939 ( 38.80%), making the housing stock in Burlington some of the oldest overall in America, although there is a range of ages of homes in Burlington. The next most important housing age is between 1970-1999 ( 28.43%), followed by between 1940-1969 ( 26.10%). There's also some housing in Burlington built between 2000 and later ( 6.67%).

Burlington Home Appreciation Rates

Appreciation rates for homes in Burlington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 29.08%, which ranks in the top 30% nationwide. This equates to an annual average Burlington house appreciation rate of 2.59%.

Over the last year, Burlington appreciation rates have trailed the rest of the nation. In the last twelve months, Burlington's appreciation rate has been 1.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Burlington were at 0.39%, which equates to an annual appreciation rate of 1.56%.

Relative to Vermont, our data show that Burlington's latest annual appreciation rate is higher than 80% of the other cities and towns in Vermont.

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

Average Home Values

 

Median Home Value:
$350,559

Burlington, VT HOME PRICES

Value Range
> $1,133,000 1.1
$849,001 - $1,133,000 2.3
$566,001 - $849,000 8.2
$453,001 - $566,000 9.4
$340,001 - $453,000 19.4
$227,001 - $340,000 37.1
$113,001 - $227,000 18.1
$57,001 - $113,000 1.8
$0 - $57,000 2.7

Very High for VT
Very High for Nation

Value Relative to Nation Value Relative to State
14.4467153284672 8.02919708029197

Number Of Homes And Apartments:
16,067

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
127.64% 4.37%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,507 / per month

Homeownership Rate

Homeownership
Owners 32.41
Renters 67.59
Vacant 3.39

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 6.7
1970 - 1999 28.4
1940 - 1969 26.1
1939 or Older 38.8

Types of Homes

TYPE OF Burlington HOMES
Single-Family 30.3
Townhomes 5.4
Small Apt. Buildings 31.5
Apt. Complexes 31.3
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 4.83
1 Bedroom 20.30
2 Bedrooms 31.53
3 Bedrooms 29.29
4 Bedrooms 10.11
5 or more bedrooms 3.94