Burlington, WA—98233
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burlington, WA
As of Oct '25, the median home price in Burlington, WA is $537,000, with a year-over-year change of 2.1%. This indicates that home prices in Burlington, WA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $537,000 | 2.1% |
| Single Family | $550,000 | 2.0% |
| Condos | $393,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $324,000 | 0.0% |
2 Bed | $425,000 | 1.0% |
3 Bed | $551,000 | 1.8% |
4 Bed | $640,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burlington, WA
As of July '25, Rentcast reports the average rent in Burlington, WA is $2,050, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Burlington, WA is studios: $1,620, 1-bedrooms: $1,430, 2-bedrooms: $1,940, 3-bedrooms: $2,450. The most common rental property sizes in Burlington, WA are 2-bedroom and 1-bedroom, accounting for 47.7% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $2,050 |
| Studio Rent | $1,610 | $1,620 |
| 1 Bed Rent | $1,750 | $1,430 |
| 2 Bed Rent | $1,900 | $1,940 |
| 3 Bed Rent | $2,400 | $2,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burlington, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Burlington, WA is 44. This is a decrease of -15.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $520,000 | -6.0% |
Listing Count | 47 | -12.0% |
| Listings as % of Homes | 0.4% | -12.0% |
Days on Market | 44 | -15.0% |
Demographics — Burlington, WA
As of the latest ACS Survey released in 2023, Burlington, WA has a population of 17,700, which has increased by 14.8% over the past 5 years. Burlington, WA is a moderately popular place for families, as children make up 22.5% 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 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,700 | 14.8% |
% Under 18 | 22.5% | -6.2% |
% Seniors | 18.3% | -0.5% |
% WFH | 6.0% | 57.9% |
% w/ College Degree | 23.5% | 3.5% |
As of the latest ACS Survey released in 2023, Burlington, WA is a predominantly white area, with 67.5% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Burlington, WA is hispanic, making up 23.7% of the population. Foreign-born residents account for 11.8% of the population in Burlington, WA, and this percentage has decreased by 9.9% 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 | 67.5% | 2.4% |
% Black | 1.5% | 36.4% |
% Hispanic | 23.7% | -9.2% |
% Asian | 2.0% | -44.4% |
% Foreign Born | 11.8% | -9.9% |
Mortgage and Risk — Burlington, WA
According to HUD data as of 2023, there were 257 mortgage originations in Burlington, WA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Burlington, WA. Investor activity is low, as 1.0% 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 | 257 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Burlington, WA
Burlington, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 133 |
Total Units Section 8 | 133 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$400 | $1,750 | $1,350 |
| 2 Bedroom | -$140 | $1,900 | $1,760 |
| 3 Bedroom | $70 | $2,400 | $2,470 |
| 4 Bedroom | N/A | N/A | $2,680 |
Affordability — Burlington, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $537,000 |
| Median Household Income | $83,600 |