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Burlington real estate market overview
- Average Monthly Rent: $1,302
- Home Price/Value Percentage Change: 10.90%
- Median Home Value: $211,086
- Best Time To Sell a Home: December
- Affordability Index: High
- Days To Sell a House: 53
- Job Market: Fair
- Public School Ranking: 29
Location and weather
Burlington sits 20 miles west of Greensboro and 30 miles east of Durham, in Alamance and Guilford counties. Access to Greensboro provides Burlington residents with growing community benefits, as well as an easy commute to Downtown Greensboro and access to a number of universities, theatres, parks and golf courses within the region. Only a couple hours away are the Great Smoky Mountains and Blue Ridge, which also attract tourists and Burlington residents year-round.
Due to its location, Burlington's climate consists of coastal moisture and northern cold air. Snow flurries can occur during the winter seasons, but summers are humid and warm. The mean annual temperature is 61 degrees, and there is an average of 51 inches of rain throughout the year.
Population, job market and cost of living
The population in Burlington is 59,505, with a growth rate of 1.25% annually.
The job growth here has decreased by -6.63% over the last year and in ten years, is predicted to have increased by 34.09%. Growing industries in Burlington include healthcare, bio-science, manufacturing and education. Several major companies to work for are Laboratory Corporation of America Holdings, Glen Raven, Alamance Regional Medical Center, Alamance Burlington School System and Gate City of Burlington Inc.
The cost of living in this city is below the national and state average, making it a more affordable place to live. If you're looking for a city that promotes adventure, entertainment, and out-door activity, Burlington is worth the consideration.
Burlington real estate market details
- Burlington Northwest
- Glen Raven
- Central Burlington/City Center
- Southwest Burlington
- Carolina/Glencoe
The average monthly rent in Burlington is $1,302 for an average apartment size of 970 sq. feet.
There has been a 10.9% increase in median home value over the last year. As of 2023, the median home value is $211,086.
On average, homes in Burlington sell after 53 days on the market.
The best time to sell a home in Burlington for the highest value is during December. For those more interested in a fast sale should sell in November.
The affordability index in Burlington is 79. This number indicates high affordability in this city.
The top ranked public schools are Walter M Williams High School, Clover Garden, Marvin B Smith Elementary School, Edwin M Holt Elementary School and Highland Elementary School. This information is based on data measuring academic performance and equity.