Burlington housing market
Typical home value
$291K
▲ 1.0% 1 yr
Typical rent
$1,339/mo
▲ 2.8% 1 yr
12-month forecast
+1.1%
#384 of 546 metros
Gross rent yield
5.5%
#340 of 546 · U.S. 6.3%
Days to pending
50 days
▲ +3 days 1 yr
Listings with a price cut
30%
▲ +1.1 pts 1 yr
Key takeaways
- 1The typical home is worth $290,915, up 1.0% in a year and up 32% over five years.
- 2Zillow forecasts home values rising 1.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,339/mo (+2.8% YoY), a 5.5% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,599/mo in principal and interest, $260 more than renting.
- 5Homes go under contract in 50 days (+3 days vs last year); 30% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 41/100, #264 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Burlington compares
| Measure | Burlington | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.0% | +1.2% | #373 |
| Home value, 5-yr change | +31.7% | +19.7% | |
| 12-month forecast | +1.1% | +1.1% | #384 |
| Rent, 1-yr change | +2.8% | +2.7% | #322 |
| Gross rent yield | 5.5% | 6.3% | #340 |
| Price-to-rent ratio | 18.1 | 15.8 | |
| Mortgage P&I on typical home | $1,599 | $2,012 | |
| Income needed to buy | $75,589 | $100,902 | |
| Days to pending | 50 | 56 |
Cities in the Burlington metro
2 cities with home value and rent data.
| Burlington | $253K | ▲ 0.9% | $1,310 | ▲ 2.7% | 6.2% |
| Mebane | $348K | ▼ 1.1% | $1,493 | ▲ 2.6% | 5.2% |
Run the numbers
Rental property calculator
Cash flow on a typical Burlington rental ($291K, $1,339/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Burlington home.
Rent vs buy
Is it cheaper to rent or buy in Burlington?
Renting out a property in North Carolina? See deposit limits, late fee rules and notice periods.
Other North Carolina metros
Charlotte, NC
$381K home$1,735 rent5.5% yield
▼ 0.8% 1 yr
Raleigh, NC
$428K home$1,669 rent4.7% yield
▼ 1.7% 1 yr
Greensboro, NC
$261K home$1,406 rent6.5% yield
▲ 0.8% 1 yr
Winston, NC
$278K home$1,529 rent6.6% yield
▲ 1.7% 1 yr
Durham, NC
$402K home$1,640 rent4.9% yield
▼ 2.5% 1 yr
Fayetteville, NC
$254K home$1,454 rent6.9% yield
▲ 0.3% 1 yr
Asheville, NC
$416K home$1,702 rent4.9% yield
▼ 3.3% 1 yr
Hickory, NC
$267K home$1,595 rent7.2% yield
▲ 1.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.