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These days, finding an affordable place to live in the Burlington area can be challenging. Home prices in Burlington are now at a median cost of $230,477, lower than the North Carolina average of $323,314.
The average cost of rent is $1,096/mo in Burlington, primarily driven by the current value of real estate in the Burlington area. In Burlington, 41.49% of households rent, and 42.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Burlington is $5,438 per month. Households that rent pay about 20.16% of their income on rent here. Burlington’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Glen Raven, NC: less expensive homes
- Elon, NC: higher priced homes
- Alamance, NC: higher priced homes
- Graham, NC: equally priced homes
- Green Level, NC: less expensive homes
- Gibsonville, NC: higher priced homes
- Elon College, NC: equally priced homes
- Ossipee, NC: less expensive homes
- Bellemont, NC: equally priced homes
- Haw River, NC: equally priced homes
Cities with Similar Populations
- Anderson, IN: less expensive homes
- Rocklin, CA: higher priced homes
- Wake Forest, NC: higher priced homes
- Highland, CA: higher priced homes
- Gary, IN: less expensive homes
- Mount Vernon, NY: higher priced homes
- Lodi, CA: higher priced homes
- Poinciana, FL: higher priced homes
- Leander, TX: higher priced homes
- Lacey, WA: higher priced homes
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