Burlington, ND—58722
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burlington, ND
As of Oct '25, the median home price in Burlington, ND is $293,000, with a year-over-year change of 2.9%. This indicates that home prices in Burlington, ND are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 2.9% |
| Single Family | $294,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burlington, ND
Burlington, ND lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burlington, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Burlington, ND is 20. This is a increase of 26.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 3.0% |
Listing Count | 10 | 8.0% |
| Listings as % of Homes | 1.6% | 8.0% |
Days on Market | 20 | 26.0% |
Demographics — Burlington, ND
As of the latest ACS Survey released in 2023, Burlington, ND has a population of 1,410, which has decreased by -21.1% over the past 5 years. Burlington, ND is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,410 | -21.1% |
% Under 18 | 27.0% | -2.5% |
% Seniors | 13.3% | 31.7% |
% WFH | 1.7% | -62.2% |
% w/ College Degree | 20.7% | -17.9% |
As of the latest ACS Survey released in 2023, Burlington, ND is a predominantly white area, with 83.8% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Burlington, ND is hispanic, making up 3.2% of the population. Foreign-born residents account for 2.5% of the population in Burlington, ND, and this percentage has decreased by 67.1% 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 | 83.8% | -3.8% |
% Black | 0.1% | ∞% |
% Hispanic | 3.2% | 966.7% |
% Asian | 0.4% | -96.2% |
% Foreign Born | 2.5% | -67.1% |
Mortgage and Risk — Burlington, ND
According to HUD data as of 2023, there were 79 mortgage originations in Burlington, ND, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Burlington, ND. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 79 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Burlington, ND
Burlington, ND lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Burlington, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $293,000 |
| Median Household Income | $81,000 |