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Burton

Learn about the people, housing, costs and businesses in Burton, Michigan

Median Home$134,362
Median Rent$1,019/month
Population29,500
Leading IndustriesRetail · Finance & Insurance · Information & Media17% retail
Home Value Growth⬆⬆+18.1% over 2 years
Young Adults27% of residentsnear the national average
Homeowners76% of occupied units
NotableAmenity Score69/100 · highly walkable area
Burton
MI

Frequently Asked Questions

What are today's mortgage rates in Burton?

As of today, the 30-year fixed mortgage rate for Burton is approximately 7.082% (7.127% 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 Burton?

The median home value in Burton is $134k. The median monthly rent is $1,019. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Burton?

Home values in Burton have increased 18.1% 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 Burton?

Based on a typical all-in ownership cost of $966/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burton is $62k/year.

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What industries drive the economy in Burton?

The largest employment sectors in Burton are public administration (22%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.