Burlington, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Burlington Neighborhoods Since 2000




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 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

Burlington Housing Market Information

With a population of 8,633, 3,411 total housing units (homes and apartments), and a median house value of $261,221, 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 55.25% of the city's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 26.06%), duplexes, homes converted to apartments or other small apartment buildings ( 10.98%), and a few mobile homes or trailers ( 4.00%).

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 ( 24.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.32%). There's also some housing in Burlington built before 1939 ( 15.34%).

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 -0.38% 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 6.65%, which is higher than appreciation rates in 78.93% 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 2.67%, which equates to an annual appreciation rate of 11.11%.

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 80% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$261,221

Burlington, WA HOME PRICES

Value Range
> $1,238,000 0.4
$929,001 - $1,238,000 0.8
$619,001 - $929,000 0.4
$495,001 - $619,000 1.4
$372,001 - $495,000 4.5
$248,001 - $372,000 42.9
$124,001 - $248,000 42.6
$62,001 - $124,000 0.3
$0 - $62,000 6.6

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
20.8719090589476 52.1276595744681

Number Of Homes And Apartments:
3,411

Burlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
57.98% 2.69% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Homeownership
Owners 49.63
Renters 50.37
Vacant 7.71

Housing Market Details

 

Age of Homes

AGE OF Burlington HOMES
2000 or Newer 24.1
1970 - 1999 37.2
1940 - 1969 23.3
1939 or Older 15.3

Types of Homes

TYPE OF Burlington HOMES
Single-Family 55.2
Townhomes 3.7
Small Apt. Buildings 11.0
Apt. Complexes 26.1
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Burlington HOMES
No Bedroom 3.49
1 Bedroom 11.15
2 Bedrooms 40.96
3 Bedrooms 35.39
4 Bedrooms 7.06
5 or more bedrooms 1.95

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Zip Codes in Burlington, WA