Burlington, NC Real Estate
According to census data in the year 2000 there were 19,528 housing units in Burlington.
This represents a 10.4% growth from 17,696 in 1990.
Of those housing units, 19,400 were located in either urbanized areas or urban clusters, and 128 were located in what is classified as a rural area.
Homeownership rate in Burlington is about 59.6%.
Burlington's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Burlington were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 11.50% |
| Two Bedrooms | 35.60% |
| Three Bedrooms | 40.70% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $98,100 |
| Median Price asked for vacant units | $93,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $468 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 43.30% |
| Debt Free | 37.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
