Burlington, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Burlington Neighborhoods Since 2000




Burlington, WA Real Estate Data


Burlington Housing Market Information

With a population of 8,633, 3,245 total housing units (homes and apartments), and a median house value of $252,864, 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 57.50% of the city's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 23.54%), duplexes, homes converted to apartments or other small apartment buildings ( 10.25%), and a few mobile homes or trailers ( 4.84%).

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 2000 and later ( 26.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.52%). There's also some housing in Burlington built before 1939 ( 9.55%).

Burlington Home Appreciation Rates

Real estate appreciation rates in Burlington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

Appreciation rates are so strong in Burlington that despite a nationwide downturn in the housing market, Burlington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burlington appreciation rates continue to be some of the highest in America, at 6.38%, which is higher than appreciation rates in 78.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burlington. Burlington appreciation rates in the latest quarter were at -0.01%, which equates to an annual appreciation rate of -0.03%.

Notably, Burlington's appreciation rate in the latest quarter is one of the lowest in America.

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:
$252,864

Burlington, WA HOME PRICES

Value Range
> $1,224,000 1.8
$918,001 - $1,224,000 0.9
$612,001 - $918,000 0.5
$490,001 - $612,000 1.4
$367,001 - $490,000 5.9
$245,001 - $367,000 42.4
$122,001 - $245,000 38.6
$61,001 - $122,000 0.4
$0 - $61,000 8.2

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
22.6796275692452 53.5460992907801

Number Of Homes And Apartments:
3,245

Rent & Ownership

 

Average Market Rent:
$1,389 / per month

Homeownership Rate

Homeownership
Owners 52.80
Renters 47.20
Vacant 9.15

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 26.3
1970 - 1999 43.6
1940 - 1969 20.5
1939 or Older 9.5

Types of Homes

TYPE OF Burlington HOMES
Single-Family 57.5
Townhomes 3.9
Small Apt. Buildings 10.2
Apt. Complexes 23.5
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 2.44
1 Bedroom 8.54
2 Bedrooms 40.54
3 Bedrooms 39.98
4 Bedrooms 7.19
5 or more bedrooms 1.32

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
52.90% 2.53% 3 6
* 10 is highest

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Zip Codes in Burlington, WA