Burlington, NC—27217
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 $218,000, with a year-over-year change of -2.3%. This indicates that home prices in Burlington, NC are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | -2.3% |
| Single Family | $218,000 | -1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $154,000 | -5.5% |
3 Bed | $235,000 | -1.3% |
4 Bed | $306,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burlington, NC
As of July '25, Rentcast reports the average rent in Burlington, NC is $1,400, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Burlington, NC is studios: $1,270, 1-bedrooms: $1,070, 2-bedrooms: $1,250, 3-bedrooms: $1,540, 4-bedrooms: $1,750. The most common rental property sizes in Burlington, NC are 2-bedroom and 3-bedroom, accounting for 47.6% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,400 |
| Studio Rent | $1,280 | $1,270 |
| 1 Bed Rent | $1,200 | $1,070 |
| 2 Bed Rent | $1,320 | $1,250 |
| 3 Bed Rent | $1,420 | $1,540 |
| 4 Bed Rent | $1,650 | $1,750 |
% 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 75. This is a increase of 17.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | 5.0% |
Listing Count | 183 | 39.0% |
| Listings as % of Homes | 0.5% | 39.0% |
Days on Market | 75 | 17.0% |
Demographics — Burlington, NC
As of the latest ACS Survey released in 2023, Burlington, NC has a population of 40,600, which has increased by 7.8% over the past 5 years. Burlington, NC is a popular place for families, as children make up 27.7% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,600 | 7.8% |
% Under 18 | 27.7% | 12.1% |
% Seniors | 14.8% | -5.1% |
% WFH | 5.7% | 338.5% |
% w/ College Degree | 14.6% | 16.8% |
As of the latest ACS Survey released in 2023, Burlington, NC is a predominantly white area, with 37.6% of the population identifying as white. The white population has shrunk by 12.4% in the last 5 years. The second most common race or ethnicity in Burlington, NC is black, making up 29.3% of the population. Foreign-born residents account for 13.5% of the population in Burlington, NC, and this percentage has increased by 14.4% 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 | 37.6% | -12.4% |
% Black | 29.3% | -10.9% |
% Hispanic | 28.5% | 33.8% |
% Asian | 0.1% | -88.9% |
% Foreign Born | 13.5% | 14.4% |
Mortgage and Risk — Burlington, NC
According to HUD data as of 2023, there were 960 mortgage originations in Burlington, NC, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 960 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Burlington, NC
As of 2024, the percent of homes in Burlington, NC under the Section 8 program is 10.6%. 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 Burlington, NC, 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 | 851 |
Total Units Section 8 | 813 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 74.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,200 | $990 |
| 2 Bedroom | -$220 | $1,320 | $1,100 |
| 3 Bedroom | -$30 | $1,420 | $1,390 |
| 4 Bedroom | -$10 | $1,650 | $1,640 |
Affordability — Burlington, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $218,000 |
| Median Household Income | $50,800 |