Median price for residential apartment in Burlington, NC as of Aug, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
561 Burlington, NC, USA apartments for sale
Burlington
According to statistics, the population in Burlington, NC amounts to 52,813, which shows decline 0% compared to the previous year. The median age of the city’s residents is 39. The average household income is $39,344, shifting growth 4% from the past year, and the average property value in Burlington, NC decline 0% to $124,900 throughout the year.
| Population | 52,813 |
| Median Age | 38.7 |
| Poverty Rate | 21% |
| Household Income | $39,344 |
| Number Of Employees | 24,641 |
| Median Property Value | $124,900 |
Household Income
The average household income in Burlington, NC grew from $37,862 to $39,344 in the past year. This data is an estimate based upon 21,791 households in Burlington, NC . The chart below presents how household income is distributed in Burlington, NC in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Burlington, NC shifted from $124,400 to $124,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Burlington, NC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Burlington, NC 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, NC compared to median property taxes around the country. The prevalent amount of property taxes in Burlington, NC equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Burlington, NC, USA
Average sale in Burlington: $297,820 (+9.9%)
| Apartment Size | Aug | vs Last Month |
|---|---|---|
| Studio for sale | $295,395 | +7.4% |
| 1 bed for sale | $275,000 | N/A |
| 2 bed for sale | $157,714 | -13.3% |
| 3 bed for sale | $295,475 | +7.3% |
| 4+ bed for sale | $327,319 | +13.1% |
During Aug 2022, the average price for an apartment in/near Burlington, NC increased by 9.9% to $297,820.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $275,000 with no changes this month. Asking price for 2-bed apartment also decreased by 13.3% and a place of this size will now cost you $157,714. A 3-bed apartment goes for $295,475, it increased by 7.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 13.1% and made it up to $327,319.
| Listing Type | Aug | vs Last Month |
|---|---|---|
| Townhouses for sale | $239,850 | +41.1% |
| Houses for sale | $314,322 | +2.7% |
| Other for sale | $317,467 | +63% |
| Land for sale | $129,812 | -12.2% |
| Condos for sale | $283,717 | +99.5% |
| Duplexes for sale | $286,892 | +4.3% |
| Apartments for sale | $352,666 | N/A |
| Lofts for sale | $648,990 | N/A |
While assessing the property pricing Burlington, NC, you can note that it remains flat with a price tag of $352,666. Price reports demonstrate that house price increased by 2.7% this month making it up to $314,322. Condos are really in demand in this season. The median price for a condo increased by 99.5%, it’s now available for $283,717. You can now purchase a duplex for just $286,892, duplex price increased by 4.3% this month. The price statistics of lofts have not significantly changed, it now still goes for $648,990. The property value of townhouses increased by 41.1%, you’ll have to spend around $239,850 to get one.