Burlington, MA Real Estate
According to census data in the year 2000 there were 8,445 housing units in Burlington.
This represents a 4.9% growth from 8,054 in 1990.
Of those housing units, 8,445 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Burlington is about 79.5%.
Burlington's vacancy rate, including seasonal lodging, is about 1.8%.
Average household size is 2.76 people.
The majority of houses, apartments or condos in Burlington were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 7.90% |
| Two Bedrooms | 19.50% |
| Three Bedrooms | 46.40% |
| Four Bedrooms | 22.10% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.9 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $244,800 |
| Median Price asked for vacant units | $441,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $1,375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 11.10% |
| Simple Mortgage | 54.10% |
| Debt Free | 29.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
