South Burlington, VT has seen a generous amount of appreciation in housing prices over the past year. The median value of housing is currently at $431,400 compared to the US House Median Value of $338,100. This means South Burlington's house values are around 28% higher than the national average. In addition, South Burlington experienced a 13.44% rate of house appreciation over the last year, much greater than the 8.27% nationally-averaged growth rate that year. These figures point to an active and exciting housing market in South Burlington that is outpacing most other areas in the country.
The median home cost in South Burlington is $431,400. Home appreciation the last 10 years has been 68.9%. Home Appreciation in South Burlington is up 18.6%.
Average Age of Homes
- The median age of South Burlington real estate is 33 years old
The Rental Market in South Burlington
- Renters make up 32.4% of the South Burlington population
- 0.6% of houses and apartments in South Burlington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.