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
With a population of 42,899, 16,067 total housing units (homes and apartments), and a median house value of $356,875, 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%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and 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%).
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 32.86%, which ranks in the top 30% nationwide. This equates to an annual average Burlington house appreciation rate of 2.88%.
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 1.99%, 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 -0.15%, which equates to an annual appreciation rate of -0.60%.
Notably, Burlington's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Vermont, our data show that Burlington's latest annual appreciation rate is higher than 60% 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.
|$864,001 - $1,153,000||3.2|
|$576,001 - $864,000||12.5|
|$461,001 - $576,000||10.9|
|$346,001 - $461,000||18.7|
|$231,001 - $346,000||31.5|
|$115,001 - $231,000||16.1|
|$58,001 - $115,000||3.1|
|$0 - $58,000||1.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Burlington HOMES|
|2000 or Newer||6.7|
|1970 - 1999||28.4|
|1940 - 1969||26.1|
|1939 or Older||38.8|
|TYPE OF Burlington HOMES|
|Small Apt. Buildings||31.5|
|SIZE OF Burlington HOMES|
|5 or more bedrooms||3.94|