Burlington WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Burlington, WA 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Burlington Housing Market Information

With a population of 9,124, 3,628 total housing units (homes and apartments), and a median house value of $323,253, Burlington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Burlington, accounting for 56.33% of the city's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 26.09%), duplexes, homes converted to apartments or other small apartment buildings ( 8.14%), and a few row houses and other attached homes ( 6.21%).

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

There is a lot of housing in 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 Burlington built between 1940-1969 ( 24.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.69%). There's also some housing in Burlington built before 1939 ( 14.66%).

Burlington Home Appreciation Rates

In the last 10 years, Burlington has experienced some of the highest home appreciation rates of any community in the nation. Burlington real estate appreciated 50.27% over the last ten years, which is an average annual home appreciation rate of 4.16%, putting Burlington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Burlington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Burlington's appreciation rate, at 4.07%, has been at or slightly above the national average. In the latest quarter, Burlington's appreciation rate has been 2.41%, which annualizes to a rate of 10.00%.

Importantly, this makes Burlington one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Washington, our data show that Burlington's latest annual appreciation rate is lower than 70% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$323,253

Burlington, WA HOME PRICES

Value Range
> $1,341,000 0.0
$1,005,001 - $1,341,000 0.0
$670,001 - $1,005,000 1.6
$536,001 - $670,000 1.3
$402,001 - $536,000 12.9
$268,001 - $402,000 48.6
$134,001 - $268,000 30.1
$67,001 - $134,000 0.7
$0 - $67,000 4.9

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
18.6861313868613 53.0035335689046

Number Of Homes And Apartments:
3,628

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
108.07% 3.64%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,278 / per month

Homeownership Rate

Homeownership
Owners 53.80
Renters 46.20
Vacant 5.35

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 23.7
1970 - 1999 37.2
1940 - 1969 24.5
1939 or Older 14.7

Types of Homes

TYPE OF Burlington HOMES
Single-Family 56.3
Townhomes 6.2
Small Apt. Buildings 8.1
Apt. Complexes 26.1
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 4.72
1 Bedroom 11.35
2 Bedrooms 36.42
3 Bedrooms 38.64
4 Bedrooms 6.44
5 or more bedrooms 2.43

Popular Communities Near Burlington, WA

Zip Codes in Burlington, WA