Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$290,915+1.0% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$63,064About 0.9× the local median income ($66,652): affordable for a typical household
Days on market68 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.1%Zillow expects prices to rise slightly
The typical home in Burlington, NC is worth $290,915, up 1.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $266,799, so the area is 9.0% overvalued. It is a balanced market: homes take about 68 days to sell, listings are up 5% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 1.1% over the next year. A household needs about $63,064 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,652. Typical rent is $1,339 a month, or $1,716 for a house. In the latest IRS figures, 1,861 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$290,915
Change in 1 year
+1.0%
Overvalued %
+9.0%
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Fair home value
$266,799
Change in 5 years
+31.7%
Zillow forecast, next 12 months
+1.1%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,577
Income needed to afford it
$63,064
Property tax rate
0.62%
Rent and investing
Typical rent
$1,339
Typical rent for houses
$1,716
Price-to-rent ratio
18.1×
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HUD Fair Market Rent, 2 bedrooms
$1,348
Gross rental yield
5.52%
Cap rate (estimate)
3.59%
Market activity
Listings vs a year ago
+4.8%
Days on market
68
Listings with a price cut
20.8%
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Homes for sale
629
Pending sales per 100 listings
42
Asking price per sq ft
$185
People and jobs
Median household income
$66,652
Population change (1 year)
+1.5%
Unemployment rate
5.1%
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Population
186,177
Income adjusted for cost of living
$71,515
Net moves in (IRS)
+1,861
Cost of living (US = 100)
93.2
Schools, risk and environment
School rating (1 to 10)
4.8
FEMA hazard risk score (0 to 100)
77.1
Unhealthy air days a year
0
Show 4 more
Flood risk score
83.9
Wildfire risk score
30.9
Walkability (1 to 20)
6.5
Road, rail and air noise
53 dB
Questions people ask
Is Burlington, NC overvalued?
Home prices in Burlington, NC are slightly above what local incomes have historically supported: fair value is about $266,799, so the area is 9.0% overvalued.
Is Burlington, NC a buyer's or seller's market?
Burlington, NC is a balanced market: homes take about 68 days to sell, listings are up 5% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Burlington, NC?
Home values in Burlington, NC are up 1.0% over the last year. Zillow's forecast for the next 12 months is +1.1%.
How much do you need to earn to buy a home in Burlington, NC?
A household needs about $63,064 a year to afford the typical home in Burlington, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,652.