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These days, finding an affordable place to live in the South Burlington area can be challenging. Home prices in South Burlington are now at a median cost of $451,955, higher than the Vermont average of $340,025.
The average cost of rent is $1,948/mo in South Burlington, primarily driven by the current value of real estate in the South Burlington area. In South Burlington, 39.89% of households rent, and 38.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Burlington is $9,665 per month. Households that rent pay about 20.16% of their income on rent here. South Burlington’s most expensive areas are in the southern 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
- Burlington, VT: higher priced homes
- Winooski, VT: less expensive homes
- Williston, VT: equally priced homes
- Shelburne, VT: higher priced homes
- Shelburne Falls, VT: higher priced homes
- Essex, VT: equally priced homes
- Colchester, VT: less expensive homes
- Hinesburg, VT: equally priced homes
- Charlotte, VT: higher priced homes
- Richmond, VT: less expensive homes
Cities with Similar Populations
- Summit, NJ: higher priced homes
- Georgetown, SC: less expensive homes
- Grayslake, IL: less expensive homes
- Greenwood, MS: less expensive homes
- Springtown, TX: less expensive homes
- St. Joseph, MI: less expensive homes
- Stanford, CA: higher priced homes
- Stephens City, VA: less expensive homes
- Stony Brook, NY: higher priced homes
- Suitland, MD: less expensive homes
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