Burlington, KY—41005
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burlington, KY
As of Oct '25, the median home price in Burlington, KY is $320,000, with a year-over-year change of 3.2%. This indicates that home prices in Burlington, KY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $320,000 | 3.3% |
| Single Family | $333,000 | 3.4% |
| Condos | $233,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | -1.3% |
3 Bed | $311,000 | 3.3% |
4 Bed | $375,000 | 3.9% |
| 5 Bed | $449,000 | 3.2% |
% of Housing Stock
Rental Trends — Burlington, KY
As of July '25, Rentcast reports the average rent in Burlington, KY is $2,180, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Burlington, KY is 1-bedrooms: $1,200, 2-bedrooms: $1,890, 3-bedrooms: $2,150, 4-bedrooms: $2,600. The most common rental property sizes in Burlington, KY are 2-bedroom and 3-bedroom, accounting for 34.4% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,140 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,890 | $1,890 |
| 3 Bed Rent | $2,100 | $2,150 |
| 4 Bed Rent | $2,600 | $2,600 |
% of Rental Stock
Property Listings — Burlington, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Burlington, KY is 49. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $335,000 | -1.0% |
Listing Count | 82 | 39.0% |
| Listings as % of Homes | 0.5% | 39.0% |
Days on Market | 49 | -2.0% |
Demographics — Burlington, KY
As of the latest ACS Survey released in 2023, Burlington, KY has a population of 25,600, which has increased by 4.8% over the past 5 years. Burlington, KY is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 31.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,600 | 4.8% |
% Under 18 | 24.8% | -7.1% |
% Seniors | 12.8% | 19.6% |
% WFH | 11.1% | 109.4% |
% w/ College Degree | 31.3% | 14.2% |
As of the latest ACS Survey released in 2023, Burlington, KY is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Burlington, KY is hispanic, making up 5.6% of the population. Foreign-born residents account for 5.6% of the population in Burlington, KY, and this percentage has increased by 75.0% 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 | 86.3% | -2.7% |
% Black | 2.4% | -45.5% |
% Hispanic | 5.6% | 100.0% |
% Asian | 2.1% | 133.3% |
% Foreign Born | 5.6% | 75.0% |
Mortgage and Risk — Burlington, KY
According to HUD data as of 2023, there were 435 mortgage originations in Burlington, KY, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Burlington, KY. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 435 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Burlington, KY
As of 2024, the percent of homes in Burlington, KY under the Section 8 program is 5.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Burlington, KY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 102 |
Total Units Section 8 | 102 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,200 | $1,220 |
| 2 Bedroom | -$310 | $1,890 | $1,580 |
| 3 Bedroom | $0 | $2,100 | $2,100 |
| 4 Bedroom | -$290 | $2,600 | $2,310 |
Affordability — Burlington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $320,000 |
| Median Household Income | $102,000 |