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 20,624 people, 8,783 houses or apartments, and a median cost of homes of $672,078, South Burlington house prices are not only among the most expensive in Vermont, South Burlington real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in South Burlington, accounting for 40.53% of the city's housing units. Other types of housing that are prevalent in South Burlington include large apartment complexes or high rise apartments ( 30.05%), row houses and other attached homes ( 17.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.75%).
People in South Burlington primarily live in small (one, two or no bedroom) single-family detached homes. South Burlington has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in South Burlington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in South Burlington built between 2000 and later ( 32.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.11%). There's also some housing in South Burlington built before 1939 ( 3.84%).
Real estate appreciation rates in South Burlington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.35% during the period.
Appreciation rates are so strong in South Burlington that despite a nationwide downturn in the housing market, South Burlington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Burlington appreciation rates continue to be some of the highest in America, at 8.39%, which is higher than appreciation rates in 74.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Burlington. South Burlington appreciation rates in the latest quarter were at 6.48%, which equates to an annual appreciation rate of 28.55%.
Importantly, this makes South Burlington one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Vermont, our data show that South Burlington's latest annual appreciation rate is higher than 70% of the other cities and towns in Vermont.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within South Burlington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Burlington - 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 South Burlington real estate investment or home purchase decisions.
$672,078
for Vermont
for nation
8,783
$3,114 / per month