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Burlington-South Burlington, VT housing market

Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources

Typical home value$462,003+0.1% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$100,153About 1.1× the local median income ($89,831): a stretch for a typical household
Days on market71 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.9%Zillow expects prices to rise slightly

The typical home in Burlington-South Burlington, VT is worth $462,003, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $431,296, so the area is 7.1% overvalued. It is a buyer's market: homes take about 71 days to sell, listings are up 36% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $100,153 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 $89,831. Typical rent is $2,592 a month, or $3,403 for a house. In the latest IRS figures, 535 more people moved out than in.

Home value over time

$0K$100K$200K$300K$400K19801990200020102020
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$462,003
Change in 1 year+0.1%
Overvalued %+7.1%
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Fair home value$431,296
Change in 5 years+20.5%
Zillow forecast, next 12 months+1.9%
Home value to income5.1×
Monthly mortgage payment (20% down)$2,504
Income needed to afford it$100,153
Property tax rate1.49%

Rent and investing

Typical rent$2,592
Typical rent for houses$3,403
Price-to-rent ratio14.9×
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HUD Fair Market Rent, 2 bedrooms$2,165
Gross rental yield6.73%
Cap rate (estimate)4.38%

Market activity

Listings vs a year ago+36.0%
Days on market71
Listings with a price cut24.3%
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Homes for sale737
Pending sales per 100 listings35
Asking price per sq ft$286

People and jobs

Median household income$89,831
Population change (1 year)−0.2%
Unemployment rate3.2%
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Population227,803
Income adjusted for cost of living$89,030
Net moves in (IRS)−535
Cost of living (US = 100)100.9

Schools, risk and environment

School rating (1 to 10)6.7
FEMA hazard risk score (0 to 100)54.1
Unhealthy air days a year4
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Flood risk score68.8
Wildfire risk score21.8
Walkability (1 to 20)9.8
Road, rail and air noise54 dB

Questions people ask

Is Burlington-South Burlington, VT overvalued?
Home prices in Burlington-South Burlington, VT are slightly above what local incomes have historically supported: fair value is about $431,296, so the area is 7.1% overvalued.
Is Burlington-South Burlington, VT a buyer's or seller's market?
Burlington-South Burlington, VT is a buyer's market: homes take about 71 days to sell, listings are up 36% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Burlington-South Burlington, VT?
Home values in Burlington-South Burlington, VT are up 0.1% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Burlington-South Burlington, VT?
A household needs about $100,153 a year to afford the typical home in Burlington-South Burlington, VT at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $89,831.

Counties in this metro

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