Burlington, Iowa Housing Market Prices
Burlington Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 85% below the Iowa median$23,686
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Median rent 6% below the Iowa median$916
Housing Market Overview
| Metric | Burlington | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,686 | $153,425 | $248,835 |
| Price Trend (Annual %) | -0.2% | 7.5% | 7.5% |
| Median Gross Rent | $916 | $971 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Burlington is about 85% lower than in Iowa. Rent is about 6% lower than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Burlington: home prices fell about 0.2% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
Median rent in Burlington rose about 42.4% between 2015 and 2024, from $644 to $916. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Burlington.
Buying the median-priced home in Burlington costs roughly 2.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Burlington. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Burlington | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,686 | $153,425 | $248,835 |
| Median Household Income | $56,378 | $75,133 | $80,455 |
| Price-to-Income Ratio | 0.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Burlington fell about 71.6%, while median household income rose about 38.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Burlington | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.6% | 65.6% | 58.5% |
| Rental Rate | 28.0% | 25.9% | 31.2% |
| Vacancy Rate | 9.4% | 8.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Burlington has a homeownership rate of 62.6%, lower than the Iowa average of 65.6%. Its housing vacancy rate is 9.4%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Burlington | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.11 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1952 | 1971 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Burlington was built around 1952. On average, 2.1 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Burlington, Iowa.
What is the median home price in Burlington, Iowa?
The median home price in Burlington, Iowa is $23,686, lower than the Iowa average of $153,425.
What is the average home price in Burlington, Iowa?
The typical home price in Burlington, Iowa, reported as the median sale price, is $23,686. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Burlington, Iowa?
The median gross rent in Burlington, Iowa is $916 per month, lower than the Iowa average of $971.
What was the median gross rent in Burlington in 2020?
In 2020, the median gross rent in Burlington, Iowa was $825 per month.
What is the price-to-rent ratio in Burlington, Iowa?
The price-to-rent ratio in Burlington, Iowa is about 2.2, meaning it would take roughly 2.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Burlington.
Are home prices or rent rising faster in Burlington, Iowa?
Home prices and rent are moving in opposite directions in Burlington: home prices fell about 0.2% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Burlington, Iowa?
62.6% of households in Burlington, Iowa own their home, lower than the Iowa average of 65.6%.
What is the vacancy rate in Burlington, Iowa?
The housing vacancy rate in Burlington, Iowa is 9.4%, higher than the Iowa average of 8.5%.
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