Burton, Michigan Housing Market Prices
Burton 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 59% below the Michigan median$57,499
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Median rent 11% below the Michigan median$1,009
Housing Market Overview
| Metric | Burton | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,499 | $138,713 | $248,835 |
| Price Trend (Annual %) | -0.3% | 8.6% | 7.5% |
| Median Gross Rent | $1,009 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Burton is about 59% lower than in Michigan. Rent is about 11% lower than the Michigan 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 Burton: home prices fell about 0.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
Median rent in Burton rose about 31.7% between 2015 and 2024, from $766 to $1,009. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Burton.
Buying the median-priced home in Burton costs roughly 4.7 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 Burton. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Burton | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,499 | $138,713 | $248,835 |
| Median Household Income | $60,053 | $72,977 | $80,455 |
| Price-to-Income Ratio | 1.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Burton rose about 58.6%, while median household income rose about 23.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Burton | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.0% | 64.6% | 58.5% |
| Rental Rate | 22.6% | 23.6% | 31.2% |
| Vacancy Rate | 5.4% | 11.8% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Burton has a homeownership rate of 72.0%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 5.4%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Burton | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1968 | 1972 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Burton was built around 1968. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Burton, MI Housing Compared With Nearby Cities
How Burton, MI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Burton, MI | 29,500 | $57,499 #1/2 | $1,009 #1/2 | 76.2% #1/2 |
| Flint, MI | 80,168 | $48,616 | $915 | 53.9% |
Frequently Asked Questions
Common questions about the housing market in Burton, Michigan.
What is the median home price in Burton, Michigan?
The median home price in Burton, Michigan is $57,499, lower than the Michigan average of $138,713.
What is the average home price in Burton, Michigan?
The typical home price in Burton, Michigan, reported as the median sale price, is $57,499. 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 Burton, Michigan?
The median gross rent in Burton, Michigan is $1,009 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Burton in 2020?
In 2020, the median gross rent in Burton, Michigan was $810 per month.
What is the price-to-rent ratio in Burton, Michigan?
The price-to-rent ratio in Burton, Michigan is about 4.7, meaning it would take roughly 4.7 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 Burton.
Are home prices or rent rising faster in Burton, Michigan?
Home prices and rent are moving in opposite directions in Burton: home prices fell about 0.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Burton, Michigan?
72.0% of households in Burton, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Burton, Michigan?
The housing vacancy rate in Burton, Michigan is 5.4%, lower than the Michigan average of 11.8%.
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