Median price for residential apartments in Burlington, IA as of Nov, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
114 Burlington, IA, USA apartments for sale
Burlington
According to statistics, the population in Burlington, IA amounts to 25,330, which shows decline -1% compared to the previous year. The median age of the city’s residents is 41. The average household income is $42,907, shifting growth 6% from the past year, and the average property value in Burlington, IA growth 3% to $90,100 throughout the year.
| Population | 25,330 |
| Median Age | 41.4 |
| Poverty Rate | 19% |
| Household Income | $42,907 |
| Number Of Employees | 12,237 |
| Median Property Value | $90,100 |
Household Income
The average household income in Burlington, IA grew from $40,381 to $42,907 in the past year. This data is an estimate based upon 10,937 households in Burlington, IA . The chart below presents how household income is distributed in Burlington, IA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Burlington, IA shifted from $87,200 to $90,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Burlington, IA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Burlington, IA properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Burlington, IA compared to median property taxes around the country. The prevalent amount of property taxes in Burlington, IA equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Burlington, IA, USA
Average apartment sale in Burlington: $125,590 (-20%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $130,575 | -17.5% |
| 1-bed apartments | $39,500 | -76.8% |
| 2-bed apartments | $96,921 | -26% |
| 3-bed apartments | $91,816 | -29.3% |
| 4+ bed apartments | $185,140 | -12% |
During Nov 2022, the average price for an apartment in/near Burlington, IA decreased by 20% to $125,590.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 76.8% to $39,500. Asking price for 2-bed apartment also decreased by 26% and a place of this size will now cost you $96,921. A 3-bed apartment goes for $91,816, it decreased by 29.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 12% and made it down to $185,140.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Houses for sale | $102,991 | -33.7% |
| Condos for sale | $164,633 | N/A |
| Other for sale | $137,924 | -17.5% |
| Land for sale | $25,685 | -69.6% |
| Lofts for sale | $107,500 | N/A |
| Duplexes for sale | $59,900 | N/A |
Price reports demonstrate that house price decreased by 33.7% this month making it up to $102,991. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $164,633. An average value of duplex is $59,900, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $107,500.