Home prices
The median home in Burlington costs $134,100. It is roughly $70,200 (34%) lower compared to other places in this area.Compared to the entire nation it is about $83,400 (38%) lower, and in comparison to the city of Raleigh is about $114,200 (45%) lower.
Rents
Burlington's median monthly rent is $816. Compared to its surrounding areas it is about $100 (10%) lower.In comparison to the entire country it is approximately $246 (23%) lower, and in comparison to the city of Raleigh is roughly $305 (27%) lower.
Nearby places
Elon
Elon is Burlington's neighbor to the northwest. Housing prices there are a lot more expensive. The cost of the median home in Elon is $253,500, which comes out to $119,400 (47%) higher than Burlington. The rent there is significantly more expensive. Elon's median rent is $1,287 per month, which works out to $471 (36%) higher than Burlington.
Glen Raven
Glen Raven is Burlington's neighbor to the north. Real estate prices there are somewhat more expensive. The median home in Glen Raven is valued at $145,500, which is $11,400 (7%) higher than Burlington. Rents there are fairly similar. Glen Raven's median monthly rent is $837, which is $21 (2%) higher than Burlington.
Gibsonville
Gibsonville is Burlington's neighbor to the northwest. Housing prices there are a bit more expensive. The value of the median home in Gibsonville is $174,000, which is $39,900 (22%) higher than Burlington. The rent there is pretty similar. In Gibsonville the median rent is $807 per month, which is $9 (1%) lower than Burlington.
Graham
Graham is Burlington's neighbor to the east. Housing prices there are pretty similar. The median home in Graham is valued at $133,800, which is very similar to Burlington. Rents there are a bit less expensive. In Graham the median monthly rent is $747, which is $69 (9%) lower than Burlington.
Alamance
Alamance is roughly 3 miles south from Burlington. Its real estate prices are a lot more expensive. The median home in Alamance costs $314,700, which works out to $180,600 (57%) higher than Burlington. Its rents are a little more expensive. Alamance's median monthly rent is $900, which is $84 (9%) higher than Burlington.
