05405, Burlington, VT

Burlington is a city located in the U.S. state of Vermont. According to the 2010 census, Burlington had a population of 36,026. The 5405 zip code covers much of Burlington, including the downtown area and many neighborhoods that were once rural but have been transformed into suburban-style communities in recent years.

The median home value in the 5405 zip code was $269,500 as of September 2017, which is higher than the statewide median home value of $217,500 but lower than the national median home value of $269,900. The percentage of homes in the 5405 zip code that are owner-occupied is higher than both the statewide percentage (69%) and national percentage (70%). The percentage of homes in the 5405 zip code that are renter-occupied is lower than both statewide (25%) and national percentages (27%).

There has been a significant increase in home prices over the past several years in Burlington and throughout much of Vermont. In March 2017, Zillow reported that Burlington had one of the highest annual growth rates for home values among all U.S. cities with populations greater than 100,000 people (+10%). This rapid growth has led to concerns about housing affordability and whether it will continue into future years.

Some factors contributing to increased home prices include low interest rates and an increasing demand for housing due to an influx of young professionals and families who are seeking affordable housing options close to employment centers or other amenities. Additionally, there has been an increase in development activity within Burlington over recent years which has led to an increased supply of homes available for purchase while also driving up prices for existing homes on marketplaces such as Zillow or Realtor® Associationof VT listings."