Burlington, Massachusetts 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.
-
Median home price 55% below the Massachusetts median$225,000
-
Median rent 54% above the Massachusetts median$2,718
Housing Market Overview
| Metric | Burlington | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $494,523 | $248,835 |
| Price Trend (Annual %) | -5.6% | 6.6% | 7.5% |
| Median Gross Rent | $2,718 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Burlington is about 55% lower than in Massachusetts. Rent is about 54% higher than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Burlington: home prices fell about 5.6% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
Median rent in Burlington rose about 66.3% between 2015 and 2024, from $1,635 to $2,718. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Burlington.
Buying the median-priced home in Burlington costs roughly 6.9 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 Massachusetts is about 23.4.
| Metric | Burlington | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $494,523 | $248,835 |
| Median Household Income | $147,216 | $104,336 | $80,455 |
| Price-to-Income Ratio | 1.5 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Burlington fell about 40.7%, while median household income rose about 55.6% 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 | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.4% | 57.5% | 58.5% |
| Rental Rate | 24.8% | 34.4% | 31.2% |
| Vacancy Rate | 3.8% | 8.1% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Burlington has a homeownership rate of 71.4%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 3.8%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Burlington | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1975 | 1963 | 1978 |
| Median Number of Rooms | 6.4 | 5.5 | 5.5 |
The typical housing unit in Burlington was built around 1975. On average, 2.6 people live in a home with about 6.4 rooms, staying for about 19.0 years on average.
Burlington, MA Housing Compared With Nearby Cities
How Burlington, MA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Burlington, MA | 26,309 | $225,000 #2/2 | $2,718 #2/2 | 74.2% #2/2 |
| Lexington, MA | 34,306 | $2,250,000 | $2,890 | 80.5% |
Frequently Asked Questions
Common questions about the housing market in Burlington, Massachusetts.
What is the median home price in Burlington, Massachusetts?
The median home price in Burlington, Massachusetts is $225,000, lower than the Massachusetts average of $494,523.
What is the average home price in Burlington, Massachusetts?
The typical home price in Burlington, Massachusetts, reported as the median sale price, is $225,000. 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, Massachusetts?
The median gross rent in Burlington, Massachusetts is $2,718 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Burlington in 2020?
In 2020, the median gross rent in Burlington, Massachusetts was $2,016 per month.
What is the price-to-rent ratio in Burlington, Massachusetts?
The price-to-rent ratio in Burlington, Massachusetts is about 6.9, meaning it would take roughly 6.9 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, Massachusetts?
Home prices and rent are moving in opposite directions in Burlington: home prices fell about 5.6% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Burlington, Massachusetts?
71.4% of households in Burlington, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Burlington, Massachusetts?
The housing vacancy rate in Burlington, Massachusetts is 3.8%, lower than the Massachusetts average of 8.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →