Department of Numbers

Burlington Vermont Residential Rent and Rental Statistics

The median monthly gross residential rent in Burlington, VT (the Burlington-South Burlington metro area) was $1,212 in 2017 according to the Census ACS survey.1 Average gross rent in Burlington was $1,202 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Burlington median and average rent data will be released in September of 2019.

Data is also available below for Burlington rental vacancy rates, Burlington rent as a percent of median income and the fraction of renters in Burlington.

Show dollars as: Nominal Real

Real Gross Rent in Burlington Vermont (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Vermont Median Gross Rent $950 +1.17% +1.17%
Burlington, VT Median Gross Rent $1,212 +4.84% +3.06%

Burlington, VT Real Gross Rent Trends

At $1,212, real median gross rent in Burlington was at its highest level in 2017 since the series began in 2005. At $1,202, real average gross rent in Burlington was at its highest level in 2017 since the series began in 2005.

Real Gross Rent in Burlington: Burlington VT Median, Burlington VT Average, Vermont Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Burlington

Date US
Median
Vermont
Median
Burlington, VT
Median
Burlington, VT
Average
2017 $1,012 $950 $1,212 $1,202
2016 $996 $939 $1,156 $1,128
2015 $987 $950 $1,150 $1,081
2014 $956 $939 $1,176 $1,173
2013 $924 $883 $1,017 $1,008
2012 $912 $887 $983 $1,013
2011 $912 $889 $1,038 $1,074
2010 $927 $892 $980 $999
2009 $931 $916 $1,058 $1,084
2008 $947 $915 $1,112 $1,058
2007 $899 $861 $1,014 $1,014
2006 $909 $853 $1,009 $999

Burlington Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Burlington Vermont was 1.59% according to Census ACS data.

Rental Vacancy Rate in Burlington Vermont

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Vermont 3.76% -0.03% -0.39%
Burlington, VT 1.59% -0.43% -2.11%

Trends in Burlington, VT Rental Vacancy Rate

The rental vacancy rate in Burlington peaked in 2008 at 6.73%. Since then it has fallen by 5.14% to 1.59%. Data records for this series originated in 2005.

Rental Vacancy Rate: Burlington VT, Vermont, US

Rental vacancy rate in Vermont

Historical Rental Vacancy Rate data for Burlington

Date US Vermont Burlington, VT
2017 6.18% 3.76% 1.59%
2016 5.89% 3.79% 2.02%
2015 5.85% 4.06% 3.49%
2014 6.32% 4.15% 3.70%
2013 6.49% 4.87% 1.76%
2012 6.77% 4.32% 3.79%
2011 7.40% 4.17% 2.87%
2010 8.17% 7.30% 4.17%
2009 8.43% 7.79% 3.56%
2008 7.86% 6.04% 6.73%
2007 7.87% 4.75% 1.27%
2006 7.70% 4.09% 2.73%

Rent as a Fraction of Income

Using median household income data for Burlington, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Burlington, median monthly gross rent as a fraction of median household income was 23.03% in 2017 according to the ACS.

Burlington Vermont Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Vermont 19.82% +0.58% -0.49%
Burlington, VT 23.03% +2.45% +0.77%

Trends in Burlington, VT Rent as a Fraction of Income

Burlington renters paid 23.03% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Burlington VT, Vermont, US

Percent of median household income going towards median monthly gross rent in Burlington Vermont

Historical Data for Annual Rent as a Fraction of Income in Burlington Vermont

Date US Vermont Burlington, VT
2017 20.13% 19.82% 23.03%
2016 20.43% 19.25% 20.58%
2015 20.63% 19.43% 20.08%
2014 20.89% 20.32% 22.26%
2013 20.78% 19.74% 19.27%
2012 20.65% 19.48% 18.78%
2011 20.70% 19.30% 19.57%
2010 20.50% 19.99% 19.82%
2009 20.12% 19.27% 19.73%
2008 19.00% 18.36% 19.20%
2007 18.66% 18.18% 18.78%
2006 18.90% 18.03% 18.83%

Renter Fraction in Burlington Vermont

You can calculate the renter fraction in Burlington in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Burlington as a fraction of total Burlington households. In 2017 35.82% of households were renters according to Census ACS data.

Burlington Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Vermont 30.48% +0.24% +0.53%
Burlington, VT 35.82% +1.14% +2.91%

Trends in the Burlington, VT Renter Fraction

At 35.82%, the 2017 household based renter fraction in Burlington was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Burlington VT, Vermont, US

Fraction of renters in Burlington

History of Burlington Renter Fraction

Date US Vermont Burlington, VT
2017 36.13% 30.48% 35.82%
2016 36.88% 30.24% 34.68%
2015 36.97% 29.29% 34.30%
2014 36.90% 29.95% 32.91%
2013 36.50% 29.00% 32.80%
2012 36.09% 28.99% 32.37%
2011 35.42% 28.72% 31.66%
2010 34.65% 29.61% 33.65%
2009 34.13% 28.72% 30.93%
2008 33.36% 27.84% 29.53%
2007 32.80% 27.18% 29.07%
2006 32.73% 28.14% 29.36%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.