Burlington, Vermont - Dental Demographics - Housing


Burlington, Vermont - Dental Demographics - Housing


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Housing



This 1 mile radius contains 10,773 housing units and a high vacancy rate of 6.1%. This area has a 23.2% home ownership rate and 70.6% of the population are renters. The ownership occupancy levels are well below Vermont and US.

Home values have two implications—they can signal the relative affluence of an area and thus the ability of its population to spend more on dental care, but they can also show the relative unaffordability of an area and its possibility not to grow as fast as other more affordable locations. The median home ownership value in this area is $363,444 which is well above Vermont. The median home ownership value for the United States is $204,900. This area averages spending 32.9% of their income on total housing which is considerably higher than the 30% figure that is considered a healthy housing spending percentage. Total housing expenditure includes the cost of shelter as well as utilities, fuel, and public services like water and sewer. This means that housing expenditures use a greater amount of the household budget on a national basis than it should by large amount. Disposable income in this area averages 67.1%. The average housing cost of just shelter as a percent of income in this area at 23.3%. The area is affordable for those living here. In general, all these housing factors are below average indicators of desirability of an area and its economic growth potential.


Table #2 Significant Demographic Characteristics - Page 2

Demographic Analysis for Burlington, Vermont
Burlington, VermontVermontUnited States
Demographic CharacteristicBurlington
Vermont
Latitude / Longitude:44.475883, -73.212072
Radius1 mile3 miles
HOUSING
Housing units10,77325,938340,198142,853,336
Median home value$363,444$311,399$242,582$264,021
Home ownership rate23.2%38.6%56.5%57.3%
Renter-occupied housing70.6%55.2%21.7%31.2%
Vacant housing units6.1%6.2%21.9%11.5%
Average Cost of Housing$15,738$17,798$18,263$20,090
Average Housing Cost as a Percent of Income23.3%22.8%21.7%21.7%
HOUSEHOLDS
Households10,11524,341265,838126,470,675
     Average household size2.132.152.322.58
Family households26.9%38.8%60.7%65.5%
Household with children14.6%19.5%28.3%33.4%
High school graduate or higher93.0%92.7%93.2%88.9%
Bachelor degree or higher59.4%54.1%39.0%33.6%
RACE & ETHNICITY
White84.3%83.7%93.4%69.2%
Black4.7%4.6%1.5%13.0%
Native American0.3%0.3%0.4%1.0%
Asian6.1%7.1%2.1%5.9%
Pacific Islanders0.1%0.1%0.0%0.2%
Other Race0.9%0.8%0.5%7.1%
Hispanic or Latino of any race4.2%3.6%2.2%18.9%


Home Ownership Rates

Burlington, Vermont - Home Ownership Rates
Owner Occupied Households by Census Tract

 56.02% to 87.71%
 43.14% to 56.02%
 26.30% to 43.14%
 14.93% to 26.30%
 0.00% to 14.93%
1.Burlington