Burlington, NC housing market
The typical Burlington home is worth about $255,000, up 1.2% in a year, 24% below the North Carolina typical home. Homes typically sell in 35 days, close to asking.
Home values, sales, trends and how Burlington compares with the towns next door — updated as new data is published.
Burlington at a glance
A seller's market
Supply is tight — about 3.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Burlington | North Carolina |
|---|---|---|
| 2017 | $123,000 | $179,000 |
| 2018 | $132,000 | $190,000 |
| 2019 | $143,000 | $203,000 |
| 2020 | $148,000 | $215,000 |
| 2021 | $168,000 | $242,000 |
| 2022 | $200,000 | $287,000 |
| 2023 | $235,000 | $320,000 |
| 2024 | $249,000 | $332,000 |
| 2025 | $255,000 | $338,000 |
| 2026 | $255,000 | $336,000 |
| August 2026 | $255,000 | $335,000 |
412 new homes permitted in 2025
Builders were permitted 412 new homes in Burlington in 2025: 219 single-family houses and 193 in buildings with two or more homes, worth about $66.1 million to build. That's 6.9 per 1,000 residents, slower than across North Carolina (11). Over the past 10 years, Burlington has permitted 5,257 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Burlington gained 7,340 residents while 2,501 new homes were permitted: about 2.9 new residents per new home. Building and growth moved roughly in step. Across North Carolina: 1.7 new residents per new home.
How Burlington ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 399 | 155 | 244 | $46.2 million |
| 2025 | 412 | 219 | 193 | $66.1 million |
| 2024 | 347 | 261 | 86 | $60.1 million |
| 2023 | 845 | 196 | 649 | $103.9 million |
| 2022 | 434 | 324 | 110 | $106.5 million |
| 2021 | 623 | 291 | 332 | $81 million |
| 2020 | 851 | 249 | 602 | $94.2 million |
| 2019 | 670 | 272 | 398 | $75 million |
| 2018 | 352 | 328 | 24 | $39.3 million |
| 2017 | 286 | 286 | 0 | $37.2 million |
| 2016 | 437 | 208 | 229 | $55.9 million |
| 2015 | 243 | 191 | 52 | $27 million |
| 2014 | 147 | 147 | 0 | $17.8 million |
| 2013 | 128 | 128 | 0 | $14.9 million |
| 2012 | 57 | 57 | 0 | $7.7 million |
| 2011 | 98 | 98 | 0 | $13.2 million |
| 2010 | 83 | 83 | 0 | $10.8 million |
| 2009 | 201 | 81 | 120 | $9.8 million |
| 2008 | 286 | 234 | 52 | $33 million |
| 2007 | 626 | 626 | 0 | $93.4 million |
| 2006 | 723 | 723 | 0 | $77.5 million |
| 2005 | 534 | 534 | 0 | $58.5 million |
| 2004 | 274 | 220 | 54 | $24.6 million |
| 2003 | 290 | 278 | 12 | $23.5 million |
| 2002 | 423 | 282 | 141 | $39.4 million |
| 2001 | 216 | 211 | 5 | $19 million |
| 2000 | 265 | 226 | 39 | $27 million |
How Burlington ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Burlington and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Burlington | $255K | +1.2% | $1,400 | 412 | $56,880 |
| Glen Raven | — | +1.2%† | $1,190 | — | $63,173 |
| Graham | $292K | +1.6% | $1,270 | 303 | $56,239 |
| Elon | $348K | +1.1% | $1,260 | — | $84,773 |
| Gibsonville | $304K | +1.2% | $1,230 | — | $95,861 |
| Haw River | $294K | −0.8% | $1,220 | — | $61,058 |
| Whitsett | $322K | +1.3% | $1,380 | — | $83,393 |
† FHFA price index change, where Zillow has no home value for the town.
4.5 years of income
The typical Burlington home costs about 4.5 years of the town's median household income, about the same as across North Carolina (4.6).
How Burlington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,400
HUD's Fair Market Rent for a two-bedroom in Burlington is $1,400 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Burlington pay a median of $1,051, so moving in tends to cost more than staying put. A two-bedroom takes about 30% of the town's median household income.
Studio $1,040 · 4 bedrooms $2,040
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (27215, 27217, 27253, 27377; Burlington, NC MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.