According to statistics, the population in Burlington, MA amounts to 26,103, which shows growth 2% compared to the previous year. The median age of the city’s residents is 42. The average household income is $99,254, shifting growth 8% from the past year, and the average property value in Burlington, MA growth 6% to $465,900 throughout the year.
|Number Of Employees||13,598|
|Median Property Value||$465,900|
The average household income in Burlington, MA grew from $92,141 to $99,254 in the past year. This data is an estimate based upon 9,572 households in Burlington, MA . The chart below presents how household income is distributed in Burlington, MA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Burlington, MA shifted from $439,400 to $465,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Burlington, MA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Burlington, MA properties falls in the '$400,000 to $499,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Burlington, MA compared to median property taxes around the country. The prevalent amount of property taxes in Burlington, MA equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Burlington, MA decreased by 0.7% to $880,743.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $299,900 with no changes this month. Asking price for 2-bed apartment also decreased by 46.8% and a place of this size will now cost you $524,900. A 3-bed apartment goes for $695,980, it decreased by 9.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 0.7% and made it down to $1,113,409.
Price reports demonstrate that house price decreased by 5% this month making it up to $880,743. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $549,900. The price statistics of lofts have not significantly changed, it now still goes for $1,175,000.