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Burlington

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

Median Home$246,539
Median Rent$1,087/month
Population176,893
Leading IndustriesPublic Administration · Retail · Wholesale Trade27% public administration
Home Value Growth⬆⬆+19.0% over 2 years
Young Adults29% of residents
Homeowners65% of occupied units
Burlington

Frequently Asked Questions

What are today's mortgage rates in Burlington?

Mortgage rates for Burlington are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Burlington?

The median home value in Burlington is $247k. The median monthly rent is $1,087. 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 19.0% 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 $1,057/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burlington is $69k/year.

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What industries drive the economy in Burlington?

The largest employment sectors in Burlington are public administration (27%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.