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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Burlington, VT Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Burlington, VT Housing Market Trends

With 44,595 people, 17,448 houses or apartments, and a median cost of homes of $587,462, Burlington house prices are not only among the most expensive in Vermont, Burlington real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Burlington, accounting for 33.63% of the city's housing units. Other types of housing that are prevalent in Burlington include single-family detached homes ( 33.12%), duplexes, homes converted to apartments or other small apartment buildings ( 24.80%), and a few row houses and other attached homes ( 7.17%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Burlington is dominated by renter-occupied one, two, or no bedrooms apartments. 66.80% of Burlington's dwellings are rentals.

The housing in Burlington was primarily built before 1939 ( 37.88%), 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 1970-1999 ( 29.43%), followed by between 1940-1969 ( 23.99%). There's also some housing in Burlington built between 2000 and later ( 8.70%).

Burlington Home Appreciation Rates

Appreciation rates for homes in 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 84.86%, which ranks in the top 50% nationwide. This equates to an annual average Burlington house appreciation rate of 6.34%.

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 8.57%, which is higher than appreciation rates in 90.42% 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 2.50%, which equates to an annual appreciation rate of 10.39%.

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 Vermont, our data show that Burlington's latest annual appreciation rate is lower than 90% 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 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.

Average Home Values

Median Home Value

$587,462

Burlington, VT Home Prices
> $1,320,000
$990,001 - $1,320,000
$660,001 - $990,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
5.1%
5.1%
9.6%
9.6%
25.3%
25.3%
11.9%
11.9%
20.1%
20.1%
20.1%
20.1%
5.8%
5.8%
0.7%
0.7%
1.4%
1.4%
0% 100.0%
% of Homes
Very High

for Vermont

Very High

for nation

Number of Homes And Apartments:

17,448

Burlington Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,373 / per month

Homeownership Rate

Owners
Renters
33.2%
33.2%
66.8%
66.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.1%
4.1%
95.9%
95.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.7%
8.7%
29.4%
29.4%
24.0%
24.0%
37.9%
37.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
33.1%
33.1%
7.2%
7.2%
24.8%
24.8%
33.6%
33.6%
1.3%
1.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.4%
5.4%
20.3%
20.3%
33.8%
33.8%
26.5%
26.5%
12.2%
12.2%
1.9%
1.9%
0% 100.0%
% of Homes