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Burlington

Learn about the people, housing, costs and businesses in Burlington, Iowa

Median Home$116,879
Median Rent$925/month
Population23,781
Leading IndustryRetail16% of local workforce
Home Value Growth⬆⬆+13.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners70% of occupied units
NotableAmenity Score84/100 · highly walkable area
NotableTransit91/100 · excellent transit access
Burlington
IA

Frequently Asked Questions

What are today's mortgage rates in Burlington?

As of today, the 30-year fixed mortgage rate for Burlington is approximately 6.970% (7.012% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Burlington?

The median home value in Burlington is $117k. The median monthly rent is $925. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Burlington?

Home values in Burlington have increased 13.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Burlington?

Based on a typical all-in ownership cost of $872/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burlington is $59k/year.

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What industries drive the economy in Burlington?

The largest employment sectors in Burlington are public administration (25%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.