The typical owner-occupied home in Burlington is worth about $254,300, 24% above the Kentucky median of $205,600 and 24% below the national median of $332,700. Owners pay a median $2,057 a year in property taxes, about 0.81% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $109,308 a year, so the median home costs 2.3 times the median income (3.2 times for Kentucky). 73% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Burlington at a glance
| Burlington | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $254,300 | $205,600 | $332,700 |
| Median property tax paid per year | $2,057 | $1,544 | $3,119 |
| Property tax as a share of value | 0.81% | 0.75% | 0.94% |
| Median household income | $109,308 | $63,726 | $80,734 |
| Homes lived in by their owners | 73% | 68% | 65% |
| Owner homes with a mortgage | 77% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,629 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 17.1% | 18.8% | 21.0% |
| Median rent | $1,489 | $967 | $1,413 |
| Rent as a share of renters' income | 24.4% | 28.1% | 30.6% |
| Median year homes were built | 1998 | 1982 | 1980 |
| Vacant homes | 2.6% | 10.3% | 10.1% |
| Population | 18,008 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Burlington
At this week's average 30-year rate of 7.11%, buying the median Burlington home of $254,300 with 20% down costs about $1,646 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,070, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $70,550 for the 20%-down payment. That payment is 18% of the median Burlington household income of $109,308; at that income and 20% down, the 28% guideline points to a home of about $394,000.
The median rent here is $1,489 a month, so owning the median home costs about $157 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $50,860 |
|---|---|
| Loan amount | $203,440 |
| Principal and interest | $1,369 |
| Property taxes (0.81% a year) | $172 |
| Homeowners insurance (our estimate, 0.5% a year) | $106 |
| PMI | $0 |
| Total per month | $1,646 |
Change the numbers in the calculator
| Down payment | $8,900 |
|---|---|
| Loan amount | $249,694 |
| Principal and interest | $1,680 |
| Property taxes (0.81% a year) | $172 |
| Homeowners insurance (our estimate, 0.5% a year) | $106 |
| FHA mortgage insurance | $112 |
| Total per month | $2,070 |
Change the numbers in the calculator
Questions about home buying in Burlington
What is the median home value in Burlington?
About $254,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Burlington?
Homeowners pay a median $2,057 a year, which is about 0.81% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Burlington?
For the median home with 20% down at 7.11%, the payment is about $1,646 a month. Keeping that under 28% of gross income takes about $70,550 a year.
More about Burlington
- Mortgage Refinance in Burlington
- Debt Relief in Burlington
- Home Equity Loans in Burlington
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data