Home Value Trail

Metro areas › Burlington-South Burlington, VT

Metropolitan area

Burlington-South Burlington, VT

Vermont · 3 counties · 227,803 residents (2025 est.)

FHFA quarterly index through 2026 Q2Annual index 1975–2025Permits through August 2026
FHFA house price index for Burlington-South Burlington, VT, quarterly from 1985 to 2026 Q2, with the national index rebased to the same start and NBER recessions shadedRecession 1990–91Recession 2001Recession 2007–09Recession 202001002003004005001990200020102020United States2026: 423
Burlington-South Burlington (100 = first year)United States, rebased to the same startNBER recession

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line above is FHFA's standard quarterly all-transactions index for the metropolitan area; the comparison table below uses FHFA's annual CBSA index, which FHFA describes as developmental. The index does not give a dollar value for any home.

Burlington-South Burlington, VT is a metropolitan statistical area of 3 counties and about 228,000 residents. FHFA's annual index for it begins in 1975 and has risen +1105.9% through 2025.

The standard quarterly index for the area, published through 2026 Q2, is +0.8% on a year earlier and −0.4% on the previous quarter.

Over the ten years to 2025 the annual index rose +87.1% (+6.5% a year), close to Vermont at +88.8% and close to the national +85.0%.

Across its counties, 1,130 housing units were authorised in the 12 months to August 2026, 5.0 per 1,000 residents, +34.5% on the previous 12 months.

+0.8%year to 2026 Q2, quarterly indexUS +3.0%
+3.9%1 year, 2024–2025US +2.8%
+60.4%5 yearsUS +47.0%
+87.1%10 years+6.5% a year annualised
+218.6%since 2000US +158.3%
1,130units permitted, 12 months5.0 per 1,000 residents

Same span, three levels

Change in the FHFA indexBurlington-South BurlingtonVermontUnited States
1 year (2024–2025)+3.9%+3.6%+2.8%
5 years (2020–2025)+60.4%+64.1%+47.0%
10 years (2015–2025)+87.1%+88.8%+85.0%
20 years (2005–2025)+106.5%+95.9%+79.1%
Since 2000+218.6%+201.3%+158.3%
Since 1975+1105.9%+936.6%+960.7%
10-year annualised+6.5%+6.6%+6.3%
20-year annualised+3.7%+3.4%+3.0%

FHFA annual all-transactions indexes over identical years.

Decade by decade

DecadeChangeUnited States
1980s (1980–1990)+99.4%+68.2%
1990s (1990–2000)+22.2%+33.9%
2000s (2000–2010)+62.3%+29.7%
2010s (2010–2020)+22.4%+35.5%
2020s so far (2020–2025)+60.4%+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.

Peak-to-low declines

No decline of 5% or more from a peak appears in the annual index for this area.

Building permits across the area

Housing units authorised in the area's 3 counties (OMB July 2023 delineations), summed from county files.

Housing units authorised in the Burlington-South Burlington, VT area by month, latest 12 months0200400600Sep 2025: 536 units (34 single-family, 502 in multi-unit buildings)Sep 2025Oct 2025: 56 units (31 single-family, 25 in multi-unit buildings)Oct 2025Nov 2025: 49 units (41 single-family, 8 in multi-unit buildings)Nov 2025Dec 2025: 42 units (12 single-family, 30 in multi-unit buildings)Dec 2025Jan 2026: 140 units (51 single-family, 89 in multi-unit buildings)Jan 2026Feb 2026: 28 units (26 single-family, 2 in multi-unit buildings)Feb 2026Mar 2026: 50 units (23 single-family, 27 in multi-unit buildings)Mar 2026Apr 2026: 40 units (33 single-family, 7 in multi-unit buildings)Apr 2026May 2026: 45 units (26 single-family, 19 in multi-unit buildings)May 2026Jun 2026: 62 units (39 single-family, 23 in multi-unit buildings)Jun 2026Jul 2026: 46 units (35 single-family, 11 in multi-unit buildings)Jul 2026Aug 2026: 36 units (25 single-family, 11 in multi-unit buildings)Aug 2026

Housing units authorised in the Burlington-South Burlington, VT area by month, latest 12 monthssingle-family2+ unit buildings

Housing units authorised in the Burlington-South Burlington, VT area by month, latest 60 months0200400600Sep 2021: 0 units (0 single-family, 0 in multi-unit buildings)Sep 2021Oct 2021: 0 units (0 single-family, 0 in multi-unit buildings)Nov 2021: 0 units (0 single-family, 0 in multi-unit buildings)Dec 2021: 0 units (0 single-family, 0 in multi-unit buildings)Jan 2022: 48 units (38 single-family, 10 in multi-unit buildings)Feb 2022: 55 units (35 single-family, 20 in multi-unit buildings)Mar 2022: 81 units (42 single-family, 39 in multi-unit buildings)Apr 2022: 67 units (34 single-family, 33 in multi-unit buildings)May 2022: 60 units (34 single-family, 26 in multi-unit buildings)Jun 2022: 87 units (50 single-family, 37 in multi-unit buildings)Jul 2022: 130 units (36 single-family, 94 in multi-unit buildings)Aug 2022: 58 units (36 single-family, 22 in multi-unit buildings)Sep 2022: 37 units (27 single-family, 10 in multi-unit buildings)Sep 2022Oct 2022: 39 units (25 single-family, 14 in multi-unit buildings)Nov 2022: 36 units (27 single-family, 9 in multi-unit buildings)Dec 2022: 45 units (19 single-family, 26 in multi-unit buildings)Jan 2023: 23 units (18 single-family, 5 in multi-unit buildings)Feb 2023: 51 units (22 single-family, 29 in multi-unit buildings)Mar 2023: 233 units (46 single-family, 187 in multi-unit buildings)Apr 2023: 52 units (40 single-family, 12 in multi-unit buildings)May 2023: 57 units (46 single-family, 11 in multi-unit buildings)Jun 2023: 54 units (40 single-family, 14 in multi-unit buildings)Jul 2023: 110 units (37 single-family, 73 in multi-unit buildings)Aug 2023: 144 units (36 single-family, 108 in multi-unit buildings)Sep 2023: 108 units (44 single-family, 64 in multi-unit buildings)Sep 2023Oct 2023: 230 units (29 single-family, 201 in multi-unit buildings)Nov 2023: 29 units (24 single-family, 5 in multi-unit buildings)Dec 2023: 29 units (24 single-family, 5 in multi-unit buildings)Jan 2024: 48 units (31 single-family, 17 in multi-unit buildings)Feb 2024: 88 units (32 single-family, 56 in multi-unit buildings)Mar 2024: 44 units (30 single-family, 14 in multi-unit buildings)Apr 2024: 129 units (45 single-family, 84 in multi-unit buildings)May 2024: 172 units (49 single-family, 123 in multi-unit buildings)Jun 2024: 92 units (42 single-family, 50 in multi-unit buildings)Jul 2024: 235 units (44 single-family, 191 in multi-unit buildings)Aug 2024: 70 units (49 single-family, 21 in multi-unit buildings)Sep 2024: 45 units (32 single-family, 13 in multi-unit buildings)Sep 2024Oct 2024: 69 units (40 single-family, 29 in multi-unit buildings)Nov 2024: 57 units (49 single-family, 8 in multi-unit buildings)Dec 2024: 105 units (36 single-family, 69 in multi-unit buildings)Jan 2025: 161 units (51 single-family, 110 in multi-unit buildings)Feb 2025: 27 units (22 single-family, 5 in multi-unit buildings)Mar 2025: 41 units (33 single-family, 8 in multi-unit buildings)Apr 2025: 62 units (48 single-family, 14 in multi-unit buildings)May 2025: 47 units (37 single-family, 10 in multi-unit buildings)Jun 2025: 49 units (33 single-family, 16 in multi-unit buildings)Jul 2025: 77 units (36 single-family, 41 in multi-unit buildings)Aug 2025: 100 units (32 single-family, 68 in multi-unit buildings)Sep 2025: 536 units (34 single-family, 502 in multi-unit buildings)Sep 2025Oct 2025: 56 units (31 single-family, 25 in multi-unit buildings)Nov 2025: 49 units (41 single-family, 8 in multi-unit buildings)Dec 2025: 42 units (12 single-family, 30 in multi-unit buildings)Jan 2026: 140 units (51 single-family, 89 in multi-unit buildings)Feb 2026: 28 units (26 single-family, 2 in multi-unit buildings)Mar 2026: 50 units (23 single-family, 27 in multi-unit buildings)Apr 2026: 40 units (33 single-family, 7 in multi-unit buildings)May 2026: 45 units (26 single-family, 19 in multi-unit buildings)Jun 2026: 62 units (39 single-family, 23 in multi-unit buildings)Jul 2026: 46 units (35 single-family, 11 in multi-unit buildings)Aug 2026: 36 units (25 single-family, 11 in multi-unit buildings)

Housing units authorised in the Burlington-South Burlington, VT area by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in the Burlington-South Burlington, VT area by year, 1995–202505001,0001,5001995: 737 units (737 single-family, 0 in multi-unit buildings)19951996: 762 units (762 single-family, 0 in multi-unit buildings)1997: 614 units (614 single-family, 0 in multi-unit buildings)1998: 688 units (688 single-family, 0 in multi-unit buildings)1999: 1,100 units (856 single-family, 244 in multi-unit buildings)2000: 924 units (803 single-family, 121 in multi-unit buildings)20002001: 1,028 units (759 single-family, 269 in multi-unit buildings)2002: 1,122 units (627 single-family, 495 in multi-unit buildings)2003: 956 units (719 single-family, 237 in multi-unit buildings)2004: 1,227 units (710 single-family, 517 in multi-unit buildings)2005: 864 units (668 single-family, 196 in multi-unit buildings)20052006: 744 units (576 single-family, 168 in multi-unit buildings)2007: 717 units (446 single-family, 271 in multi-unit buildings)2008: 508 units (291 single-family, 217 in multi-unit buildings)2009: 593 units (282 single-family, 311 in multi-unit buildings)2010: 585 units (325 single-family, 260 in multi-unit buildings)20102011: 681 units (301 single-family, 380 in multi-unit buildings)2012: 647 units (361 single-family, 286 in multi-unit buildings)2013: 758 units (381 single-family, 377 in multi-unit buildings)2014: 706 units (368 single-family, 338 in multi-unit buildings)2015: 916 units (357 single-family, 559 in multi-unit buildings)20152016: 861 units (350 single-family, 511 in multi-unit buildings)2017: 870 units (384 single-family, 486 in multi-unit buildings)2018: 1,164 units (447 single-family, 717 in multi-unit buildings)2019: 867 units (382 single-family, 485 in multi-unit buildings)2020: 1,103 units (410 single-family, 693 in multi-unit buildings)20202021: 1,049 units (458 single-family, 591 in multi-unit buildings)2022: 1,124 units (422 single-family, 702 in multi-unit buildings)2023: 1,196 units (430 single-family, 766 in multi-unit buildings)2024: 1,102 units (448 single-family, 654 in multi-unit buildings)2025: 1,258 units (456 single-family, 802 in multi-unit buildings)2025

Housing units authorised in the Burlington-South Burlington, VT area by year, 1995–2025single-family2+ unit buildings

Permits, 12 months to August 2026This areaVermontUnited States
Housing units authorised1,1302,2311,418,086
Units per 1,000 residents5.03.54.1
Single-family share33%55%63%
Change on previous 12 months+34.5%+2.1%−0.1%

Counties in the area

Ranked by ten-year change in FHFA's county index to 2025; permits are the latest 12 months.

CountyState1 year10 yearsUnits, 12 monthsPer 1,000
Franklin CountyVT+7.2%+88.1%1673.3
Chittenden CountyVT+2.9%+87.7%9465.6
Grand Isle CountyVT+7.1%+79.6%172.3

Questions and answers

How much have home values in the Burlington-South Burlington, VT area risen over 10 years?

The FHFA annual index rose +87.1% between 2015 and 2025, about +6.5% a year. Over 20 years: +106.5%; since 2000: +218.6%. The quarterly index is +0.8% on a year earlier as of 2026 Q2.

Which counties in the Burlington-South Burlington, VT area rose most?

By ten-year change to 2025: Franklin County (+88.1%), Chittenden County (+87.7%) and Grand Isle County (+79.6%).

What happened to Burlington-South Burlington, VT prices after 2007?

The area index shows no decline of 5% or more from a 2005–2008 peak; nationally the fall was −21.3%.

How many homes are being built in the Burlington-South Burlington, VT area?

1,130 housing units were authorised across the area's counties in the 12 months to August 2026, 33% of them single-family, 5.0 per 1,000 residents.

Where does this data come from?

FHFA's annual CBSA house price index (developmental, updated March 31, 2026) and its standard quarterly metropolitan index; Census Bureau building permits summed over member counties (OMB July 2023 delineations) through August 2026; vintage 2025 population estimates.

Provenance

Index: Federal Housing Finance Agency, annual house price index for core based statistical areas (all-transactions, developmental), last updated March 31, 2026, values 1975–2025; quarterly metropolitan area index (all-transactions) through 2026 Q2. Permits: Census Bureau Building Permits Survey county files through August 2026, summed over member counties from OMB's July 2023 delineations. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.