South Burlington, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South 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 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

South Burlington Housing Market Information

With 18,791 people, 8,289 houses or apartments, and a median cost of homes of $314,721, South Burlington real estate is some of the most expensive in Vermont, although South Burlington home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in South Burlington, accounting for 45.84% of the city's housing units. Other types of housing that are prevalent in South Burlington include large apartment complexes or high rise apartments ( 27.21%), row houses and other attached homes ( 14.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.40%).

People in South Burlington primarily live in small (one, two or no bedroom) single-family detached homes. South Burlington has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in South Burlington 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 South Burlington built between 1940-1969 ( 28.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.68%). There's also some housing in South Burlington built before 1939 ( 4.76%).

South Burlington Home Appreciation Rates

Appreciation rates for homes in South 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 3.96%, which ranks in the top 50% nationwide. This equates to an annual average South Burlington house appreciation rate of 0.39%.

Over the last year, South Burlington appreciation rates have trailed the rest of the nation. In the last twelve months, South Burlington's appreciation rate has been 0.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Burlington were at 0.43%, which equates to an annual appreciation rate of 1.73%.

Relative to Vermont, our data show that South Burlington's latest annual appreciation rate is lower 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 South Burlington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South 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 South Burlington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$314,721

South Burlington, VT HOME PRICES

Value Range
> $1,063,000 1.2
$797,001 - $1,063,000 1.5
$532,001 - $797,000 5.7
$426,001 - $532,000 8.6
$319,001 - $426,000 20.3
$213,001 - $319,000 41.6
$106,001 - $213,000 20.7
$53,001 - $106,000 0.3
$0 - $53,000 0.2

Very High for VT
Very High for Nation

Value Relative to Nation Value Relative to State
15.0650416031876 9.48905109489051

Number Of Homes And Apartments:
8,289

South Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
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
69.59% 3.11% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,808 / per month

Homeownership Rate

Homeownership
Owners 64.35
Renters 35.65
Vacant 4.28

Housing Market Details

 

Age of Homes

AGE OF South Burlington HOMES
2000 or Newer 20.7
1970 - 1999 46.3
1940 - 1969 28.2
1939 or Older 4.8

Types of Homes

TYPE OF South Burlington HOMES
Single-Family 45.8
Townhomes 14.5
Small Apt. Buildings 12.4
Apt. Complexes 27.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF South Burlington HOMES
No Bedroom 3.42
1 Bedroom 8.38
2 Bedrooms 38.37
3 Bedrooms 29.03
4 Bedrooms 17.60
5 or more bedrooms 3.20