Burlington, NC—27215
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Burlington, NC
Home Price Trends — Burlington, NC
As of Oct '25, the median home price in Burlington, NC is $291,000, with a year-over-year change of -0.1%. This indicates that home prices in Burlington, NC are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $291,000 | -0.1% |
| Single Family | $299,000 | 0.0% |
| Condos | $199,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $182,000 | -0.5% |
3 Bed | $283,000 | 0.0% |
4 Bed | $398,000 | -0.3% |
| 5 Bed | $509,000 | -0.2% |
% of Housing Stock
Rental Trends — Burlington, NC
As of July '25, Rentcast reports the average rent in Burlington, NC is $1,340, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Burlington, NC is studios: $878, 1-bedrooms: $1,150, 2-bedrooms: $1,360, 3-bedrooms: $1,630, 4-bedrooms: $2,060. The most common rental property sizes in Burlington, NC are 2-bedroom and 1-bedroom, accounting for 45.4% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,340 |
| Studio Rent | $795 | $878 |
| 1 Bed Rent | $1,140 | $1,150 |
| 2 Bed Rent | $1,300 | $1,360 |
| 3 Bed Rent | $1,550 | $1,630 |
| 4 Bed Rent | $2,100 | $2,060 |
% of Rental Stock
Property Listings — Burlington, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Burlington, NC is 54. This is a increase of 30.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | -6.0% |
Listing Count | 237 | 4.0% |
| Listings as % of Homes | 0.7% | 4.0% |
Days on Market | 54 | 30.0% |
Demographics — Burlington, NC
As of the latest ACS Survey released in 2023, Burlington, NC has a population of 46,000, which has increased by 11.6% over the past 5 years. Burlington, NC is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 36.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,000 | 11.6% |
% Under 18 | 22.2% | 10.4% |
% Seniors | 21.1% | 4.5% |
% WFH | 10.1% | 206.1% |
% w/ College Degree | 36.9% | 17.9% |
As of the latest ACS Survey released in 2023, Burlington, NC is a predominantly white area, with 63.7% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Burlington, NC is black, making up 20.6% of the population. Foreign-born residents account for 8.3% of the population in Burlington, NC, and this percentage has decreased by 1.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.7% | -6.6% |
% Black | 20.6% | 26.4% |
% Hispanic | 10.0% | -2.9% |
% Asian | 3.5% | 16.7% |
% Foreign Born | 8.3% | -1.2% |
Mortgage and Risk — Burlington, NC
According to HUD data as of 2023, there were 876 mortgage originations in Burlington, NC, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Burlington, NC. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 876 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Burlington, NC
As of 2024, the percent of homes in Burlington, NC under the Section 8 program is 7.6%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Burlington, NC, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 750 |
Total Units Section 8 | 687 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | 84.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,140 | $1,160 |
| 2 Bedroom | -$20 | $1,300 | $1,280 |
| 3 Bedroom | $60 | $1,550 | $1,610 |
| 4 Bedroom | -$200 | $2,100 | $1,900 |
Affordability — Burlington, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $291,000 |
| Median Household Income | $66,700 |