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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 $515,873, higher than the Vermont average of $340,025.
The average cost of rent is $1,635/mo in Burlington, primarily driven by the current value of real estate in the Burlington area. In Burlington, 57.82% of households rent, and 43.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Burlington is $6,539 per month. Households that rent pay about 25.01% of their income on rent here. Burlington’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Winooski, VT: less expensive homes
- South Burlington, VT: less expensive homes
- Colchester, VT: less expensive homes
- Essex, VT: less expensive homes
- Shelburne, VT: higher priced homes
- Williston, VT: less expensive homes
- Shelburne Falls, VT: higher priced homes
- West Milton, VT: equally priced homes
- Willsboro Point, NY: less expensive homes
- Port Kent, NY: less expensive homes
Cities with Similar Populations
- Vestavia Hills, AL: higher priced homes
- Morrisville, NC: equally priced homes
- Muskogee, OK: less expensive homes
- Navarre, FL: less expensive homes
- Oakley, CA: higher priced homes
- Pahrump, NV: less expensive homes
- Pine Bluff, AR: less expensive homes
- Prosper, TX: higher priced homes
- Richmond, IN: less expensive homes
- Hamtramck, MI: less expensive homes
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