Burlington, Vermont 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 201% above the Vermont median$625,000
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Median rent 34% above the Vermont median$1,649
Housing Market Overview
| Metric | Burlington | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $207,791 | $248,835 |
| Price Trend (Annual %) | 20.4% | 0.9% | 7.5% |
| Median Gross Rent | $1,649 | $1,234 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Burlington is about 201% higher than in Vermont. Rent is about 34% higher than the Vermont average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Burlington, up about 20.4% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Burlington rose about 57.0% between 2015 and 2024, from $1,050 to $1,649. Over the same span, rent in Vermont rose about 38.0%.
Affordability
On average, housing unit costs 8.9 yearly household incomes in Burlington.
Buying the median-priced home in Burlington costs roughly 31.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Burlington. The price-to-rent ratio in Vermont is about 14.0.
| Metric | Burlington | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $207,791 | $248,835 |
| Median Household Income | $70,588 | $81,508 | $80,455 |
| Price-to-Income Ratio | 8.9 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Burlington rose about 269.2%, while median household income rose about 73.4% 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 | Burlington | Vermont Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.2% | 59.0% | 58.5% |
| Rental Rate | 56.7% | 21.6% | 31.2% |
| Vacancy Rate | 3.2% | 19.4% | 10.2% |
| Median Tenure (years) | 9.0 | 17.0 | 15.0 |
| Median Year Moved In | 2017 | 2009 | 2011 |
Burlington has a homeownership rate of 40.2%, lower than the Vermont average of 59.0%. Its housing vacancy rate is 3.2%, compared with 19.4% in Vermont.
Housing Stock
| Metric | Burlington | Vermont Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.06 people | 2.27 people | 2.53 people |
| Median Structure Built Year | 1958 | 1972 | 1978 |
| Median Number of Rooms | 4.6 | 5.6 | 5.5 |
The typical housing unit in Burlington was built around 1958. On average, 2.1 people live in a home with about 4.6 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Burlington, Vermont.
What is the median home price in Burlington, Vermont?
The median home price in Burlington, Vermont is $625,000, higher than the Vermont average of $207,791.
What is the average home price in Burlington, Vermont?
The typical home price in Burlington, Vermont, reported as the median sale price, is $625,000. 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, Vermont?
The median gross rent in Burlington, Vermont is $1,649 per month, higher than the Vermont average of $1,234.
What was the median gross rent in Burlington in 2020?
In 2020, the median gross rent in Burlington, Vermont was $1,279 per month.
What is the price-to-rent ratio in Burlington, Vermont?
The price-to-rent ratio in Burlington, Vermont is about 31.6, meaning it would take roughly 31.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Burlington.
Are home prices or rent rising faster in Burlington, Vermont?
Both home prices and rent are rising in Burlington, up about 20.4% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Burlington, Vermont?
40.2% of households in Burlington, Vermont own their home, lower than the Vermont average of 59.0%.
What is the vacancy rate in Burlington, Vermont?
The housing vacancy rate in Burlington, Vermont is 3.2%, lower than the Vermont average of 19.4%.
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