Median price for residential apartments in South Burlington, VT as of Jan, 2023.
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.
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157 South Burlington, VT, USA apartments for sale
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South Burlington
According to statistics, the population in South Burlington, VT amounts to 18,773, which shows decline 0% compared to the previous year. The median age of the city’s residents is 43. The average household income is $66,197, shifting decline -1% from the past year, and the average property value in South Burlington, VT growth 3% to $280,800 throughout the year.
| Population | 18,773 |
| Median Age | 43.2 |
| Poverty Rate | 6% |
| Household Income | $66,197 |
| Number Of Employees | 10,342 |
| Median Property Value | $280,800 |
Household Income
The average household income in South Burlington, VT declined from $66,728 to $66,197 in the past year. This data is an estimate based upon 8,757 households in South Burlington, VT . The chart below presents how household income is distributed in South Burlington, VT in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in South Burlington, VT shifted from $271,900 to $280,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in South Burlington, VT in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of South Burlington, VT properties falls in the '$200,000 to $249,999' 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 South Burlington, VT compared to median property taxes around the country. The prevalent amount of property taxes in South Burlington, VT equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in South Burlington, VT, USA
Average apartment sale in South Burlington: $452,864 (-1.4%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $670,000 | N/A |
| 2-bed apartments | $331,862 | -1.5% |
| 3-bed apartments | $496,686 | +1.4% |
| 4+ bed apartments | $697,771 | -11.4% |
During Jan 2023, the average price for an apartment in/near South Burlington, VT decreased by 1.4% to $452,864.
The average price of the land for sale in South Burlington, VT has not changed significantly since last month, being $670,000. After collecting all data points, we now see that the average price for 1-bed apartment stands at $230,000 with no changes this month. Asking price for 2-bed apartment also decreased by 1.5% and a place of this size will now cost you $331,862. A 3-bed apartment goes for $496,686, it increased by 1.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 11.4% and made it down to $697,771.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Houses for sale | $565,644 | -4.5% |
| Townhouses for sale | $408,933 | +0% |
| Condos for sale | $256,052 | -15% |
Price reports demonstrate that house price decreased by 4.5% this month making it up to $565,644. Condos faced an upward trend these days. The median price for a condo decreased by 15%, it’s now available for $256,052. Value of the townhouses didn’t change, the price still starts at $408,933.
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