Burlington, IA—52601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burlington, IA
As of Oct '25, the median home price in Burlington, IA is $123,000, with a year-over-year change of 0.3%. This indicates that home prices in Burlington, IA are flat. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $123,000 | 0.3% |
| Single Family | $122,000 | 0.8% |
| Condos | $183,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $61,000 | -3.2% |
2 Bed | $100,000 | 0.0% |
3 Bed | $139,000 | 2.2% |
4 Bed | $171,000 | 2.4% |
| 5 Bed | $255,000 | 1.6% |
% of Housing Stock
Rental Trends — Burlington, IA
As of July '25, Rentcast reports the average rent in Burlington, IA is $985, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Burlington, IA is 1-bedrooms: $853, 2-bedrooms: $1,060, 3-bedrooms: $1,070. The most common rental property sizes in Burlington, IA are 2-bedroom and 1-bedroom, accounting for 44.8% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $985 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $853 |
| 2 Bed Rent | $998 | $1,060 |
| 3 Bed Rent | $1,050 | $1,070 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burlington, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Burlington, IA is 60. This is a decrease of -18.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $139,000 | 3.0% |
Listing Count | 161 | 6.0% |
| Listings as % of Homes | 0.6% | 6.0% |
Days on Market | 60 | -18.0% |
Demographics — Burlington, IA
As of the latest ACS Survey released in 2023, Burlington, IA has a population of 27,500, which has decreased by -4.6% over the past 5 years. Burlington, IA is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | -4.6% |
% Under 18 | 20.8% | -7.1% |
% Seniors | 22.0% | 8.9% |
% WFH | 4.8% | 84.6% |
% w/ College Degree | 23.5% | 15.2% |
As of the latest ACS Survey released in 2023, Burlington, IA is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Burlington, IA is black, making up 5.1% of the population. Foreign-born residents account for 3.0% of the population in Burlington, IA, and this percentage has increased by 50.0% 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 | 83.4% | -2.9% |
% Black | 5.1% | -31.1% |
% Hispanic | 3.9% | 11.4% |
% Asian | 1.3% | 116.7% |
% Foreign Born | 3.0% | 50.0% |
Mortgage and Risk — Burlington, IA
According to HUD data as of 2023, there were 280 mortgage originations in Burlington, IA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Burlington, IA. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 280 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Burlington, IA
Burlington, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 953 |
Total Units Section 8 | 691 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 72.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$45 | $875 | $830 |
| 2 Bedroom | $92 | $998 | $1,090 |
| 3 Bedroom | $300 | $1,050 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Burlington, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $123,000 |
| Median Household Income | $57,100 |