Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 29,449 people, 12,522 houses or apartments, and a median cost of homes of $140,406, house prices in Burton are some of the most affordable in Michigan as well as the nation.
Single-family detached homes are the single most common housing type in Burton, accounting for 80.68% of the city's housing units. Other types of housing that are prevalent in Burton include large apartment complexes or high rise apartments ( 9.22%), mobile homes or trailers ( 6.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Burton. Owner-occupied housing accounts for 73.74% of Burton's homes, and 61.12% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Burton's housing was primarily built during this period, from the '40s through the '60s. A full 52.12% of the city's housing hails from this era. Other housing ages represented in Burton include homes built between 1970-1999 ( 28.56%) and housing constructed between 2000 and later ( 12.07%). There's also some housing in Burton built before 1939 ( 7.25%).
In the last 10 years, Burton has experienced some of the highest home appreciation rates of any community in the nation. Burton real estate appreciated 116.77% over the last ten years, which is an average annual home appreciation rate of 8.04%, putting Burton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Burton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Burton's appreciation rate, at 6.31%, has been at or slightly above the national average. In the latest quarter, Burton's appreciation rate has been 2.46%, which annualizes to a rate of 10.20%.
Relative to Michigan, our data show that Burton's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Burton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Burton real estate investment or home purchase decisions.
$140,406
for Michigan
for nation
12,522
$1,539 / per month