South Burlington, VT—05403
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Burlington, VT
As of Oct '25, the median home price in South Burlington, VT is $480,000, with a year-over-year change of -0.2%. This indicates that home prices in South Burlington, VT are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $480,000 | -0.2% |
| Single Family | $569,000 | 0.9% |
| Condos | $345,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | 0.0% |
3 Bed | $532,000 | 0.2% |
4 Bed | $736,000 | 1.1% |
| 5 Bed | $815,000 | 0.4% |
% of Housing Stock
Rental Trends — South Burlington, VT
As of July '25, Rentcast reports the average rent in South Burlington, VT is $2,700, with a year-over-year rent change of -12.3%. Per bedroom, the median rent as of July '25 in South Burlington, VT is studios: $1,820, 1-bedrooms: $1,960, 2-bedrooms: $2,420, 3-bedrooms: $3,330, 4-bedrooms: $3,750. The most common rental property sizes in South Burlington, VT are 2-bedroom and 1-bedroom, accounting for 44.0% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,700 |
| Studio Rent | $1,800 | $1,820 |
| 1 Bed Rent | $1,900 | $1,960 |
| 2 Bed Rent | $2,380 | $2,420 |
| 3 Bed Rent | $3,000 | $3,330 |
| 4 Bed Rent | $3,800 | $3,750 |
% of Rental Stock
Property Listings — South Burlington, VT
As of Oct '25, Realtor.com reports that the median days on market for a home in South Burlington, VT is 39. This is a increase of 34.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $611,000 | 6.0% |
Listing Count | 95 | 63.0% |
| Listings as % of Homes | 0.1% | 63.0% |
Days on Market | 39 | 34.0% |
Demographics — South Burlington, VT
As of the latest ACS Survey released in 2023, South Burlington, VT has a population of 20,400, which has increased by 9.0% over the past 5 years. South Burlington, VT is a moderately popular place for families, as children make up 18.4% of the population. The area has a highly educated workforce, with 65.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,400 | 9.0% |
% Under 18 | 18.4% | 17.2% |
% Seniors | 17.4% | -7.4% |
% WFH | 16.3% | 186.0% |
% w/ College Degree | 65.3% | 17.7% |
As of the latest ACS Survey released in 2023, South Burlington, VT is a predominantly white area, with 80.8% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in South Burlington, VT is asian, making up 8.7% of the population. Foreign-born residents account for 11.5% of the population in South Burlington, VT, and this percentage has increased by 2.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.8% | -6.8% |
% Black | 1.6% | -20.0% |
% Hispanic | 3.5% | -18.6% |
% Asian | 8.7% | 85.1% |
% Foreign Born | 11.5% | 2.7% |
Mortgage and Risk — South Burlington, VT
According to HUD data as of 2023, there were 398 mortgage originations in South Burlington, VT, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in South Burlington, VT. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 398 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — South Burlington, VT
As of 2024, the percent of homes in South Burlington, VT under the Section 8 program is 14.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In South Burlington, VT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 621 |
Total Units Section 8 | 570 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 81.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,900 | $1,650 |
| 2 Bedroom | -$210 | $2,380 | $2,170 |
| 3 Bedroom | -$210 | $3,000 | $2,790 |
| 4 Bedroom | -$920 | $3,800 | $2,880 |
Affordability — South Burlington, VT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $480,000 |
| Median Household Income | $97,000 |