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 about Scout's Real Estate Data
With 23,611 people, 11,207 houses or apartments, and a median cost of homes of $127,353, house prices in Burlington are some of the most affordable in Iowa as well as the nation.
Single-family detached homes are the single most common housing type in Burlington, accounting for 74.71% of the city's housing units. Other types of housing that are prevalent in Burlington include large apartment complexes or high rise apartments ( 11.89%), duplexes, homes converted to apartments or other small apartment buildings ( 8.16%), and a few row houses and other attached homes ( 4.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Burlington. Owner-occupied housing accounts for 66.00% of Burlington's homes, and 47.56% have either three or four bedrooms, which is average sized relative to America.
The housing in Burlington was primarily built before 1939 ( 43.25%), 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 1940-1969 ( 28.81%), followed by between 1970-1999 ( 18.16%). There's also some housing in Burlington built between 2000 and later ( 9.78%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Burlington, where house values have increased just 41.67%, which is annualized rate of 3.54%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Burlington's appreciation rate, at 5.62%, has been at or slightly above the national average. In the latest quarter, Burlington's appreciation rate has been 2.03%, which annualizes to a rate of 8.38%.
Relative to Iowa, our data show that Burlington's latest annual appreciation rate is lower than 70% of the other cities and towns in Iowa.
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.
$127,353
for Iowa
for nation
11,207
$1,235 / per month