South Burlington, Vermont Housing Market Prices
South 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 8% above the Vermont median$225,000
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Median rent 45% above the Vermont median$1,787
Housing Market Overview
| Metric | South Burlington | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $207,791 | $248,835 |
| Price Trend (Annual %) | -4.1% | 0.9% | 7.5% |
| Median Gross Rent | $1,787 | $1,234 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in South Burlington is about 8% higher than in Vermont. Rent is about 45% higher than the Vermont average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2023
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in South Burlington: home prices fell about 4.1% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
Median rent in South Burlington rose about 40.1% between 2015 and 2024, from $1,275 to $1,787. Over the same span, rent in Vermont rose about 38.0%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in South Burlington.
Buying the median-priced home in South Burlington costs roughly 10.5 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 South Burlington. The price-to-rent ratio in Vermont is about 14.0.
| Metric | South Burlington | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $207,791 | $248,835 |
| Median Household Income | $103,259 | $81,508 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2023, the median home price in South Burlington fell about 35.7%, while median household income rose about 56.7% 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 | South Burlington | Vermont Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 59.0% | 58.5% |
| Rental Rate | 37.6% | 21.6% | 31.2% |
| Vacancy Rate | 2.2% | 19.4% | 10.2% |
| Median Tenure (years) | 11.0 | 17.0 | 15.0 |
| Median Year Moved In | 2015 | 2009 | 2011 |
South Burlington has a homeownership rate of 60.2%, higher than the Vermont average of 59.0%. Its housing vacancy rate is 2.2%, compared with 19.4% in Vermont.
Housing Stock
| Metric | South Burlington | Vermont Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.27 people | 2.53 people |
| Median Structure Built Year | 1997 | 1972 | 1978 |
| Median Number of Rooms | 5.0 | 5.6 | 5.5 |
The typical housing unit in South Burlington was built around 1997. On average, 2.1 people live in a home with about 5.0 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in South Burlington, Vermont.
What is the median home price in South Burlington, Vermont?
The median home price in South Burlington, Vermont is $225,000, higher than the Vermont average of $207,791.
What is the average home price in South Burlington, Vermont?
The typical home price in South Burlington, Vermont, 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 South Burlington, Vermont?
The median gross rent in South Burlington, Vermont is $1,787 per month, higher than the Vermont average of $1,234.
What was the median gross rent in South Burlington in 2020?
In 2020, the median gross rent in South Burlington, Vermont was $1,425 per month.
What is the price-to-rent ratio in South Burlington, Vermont?
The price-to-rent ratio in South Burlington, Vermont is about 10.5, meaning it would take roughly 10.5 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 South Burlington.
Are home prices or rent rising faster in South Burlington, Vermont?
Home prices and rent are moving in opposite directions in South Burlington: home prices fell about 4.1% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in South Burlington, Vermont?
60.2% of households in South Burlington, Vermont own their home, higher than the Vermont average of 59.0%.
What is the vacancy rate in South Burlington, Vermont?
The housing vacancy rate in South Burlington, Vermont is 2.2%, lower than the Vermont average of 19.4%.
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