Burlington is a small city positioned just to the east of Greensboro NC, supporting a population of just around 60,000 and employing about 25.6k people.

Burlington's annual population growth rate is sitting around 2.13% which is phenomenal, 6.52% growth since the 2020 Consensus has been recorded (wow). Persons over 65 account for ~17.8% of the population. Median age of 38.8, ~23 min average commute to work, and less than 3,000 veterans locally. Greensboro is the 17th largest city in NC, and 625th largest in the US.

Worth a mention is Burlington's "Carolina Corridor Commerce Park" which is intended to promote commerce growth and development in the area for future prospects of business. They are also tackling and working to remodel and revamp some of the collector roads, and improve public transportation connections for local residents. As Burlington reports roughly 41% of their local traffic is students, which could be tackled by some local road improvements and public transport, so the city is working on both of these. Downtown is getting revamped, and Burlington is seeing what I think is the beginning something that's going to last for quite some time. A period of growth, infrastructure development, and commercial acquisitions. There's a lot to cover, so in my next post I will hit more so on specific companies moving in, and/or investing in Burlington. Things are looking great for the small city. Total Tax Evaluation in 2020 was $5,074,659,119 vs 2022 which was $5,299,935,772. "Budget appropriation ordinance establishing a tax rate of $.5973 per $100 valuation on a total estimated valuation" Hasn't changed in awhile either.

Burlington's largest employer is LabCorp which has it's HQ in Burlington, it employs over 3,000 people in the county.

There are no notable schools to mention inside Burlington. Elon University is in nearby Elon (which basically connects directly to Burlington), and it's bus system even runs through Burlington so I will include it here. Elon in 2020 reported 7,117 with a 95.8% full time student rate.

Let's talk crime, then numbers. Burlington sits at a 2 out 100 on the crime index (with 100 being the safest). I'll sum up 2021 to 2022 for you. Crime is going down, I want to mention a couple interesting things I found going through the 2022 report. Taser deployment was down 46.2% Year over year after getting new Tasers. Interesting, maybe the Gen 7 is significantly better than previous models, including the decreased need for deployments. Burlington only reports 2 deadly use of force interactions in 2022, both of which the police took both individuals into custody with no fatalities. Training related to de-escalation and awareness of the community has led to a very interesting stat. In 2021 Officers un-holstered and displayed their service weapons 61 times, in 2022 it was down to a mere 14 times, that's honestly impressive. Burlington is taking a lot of steps to make their communities safer, and it's clear their PD is proactively trying to improve their police work. Including a 55.6% decrease in use of force in the same time frame. If you are interested in more info on BPD 2022 report check out -https://public.powerdms.com/BP...

The median home value is around $145,000, median sale price is around $250,000. Average DOM around 61 with average homes getting 1% under list and pending in 23 days, and hot homes are getting an average of 2% over list and pending in 6 days. Many homes are getting multiple offers, and I'd consider it "Very" Competitive for the deals that are going. Burlington has become a known Flipper area in NC, and has become a very hot market in its own right. The limit of inventory is probably the only thing holding investors back right now.

About a 55% owner occupied ratio. SFH 63% MFH 32%. Poverty rate is around 17.2%. Affordable housing a need, and as mentioned previously Flippers are having a field day here, you may be able to guess why.

Burlington has a cost of living ranked as 21/50th most expensive in NC, which means as far as NC is concerned it's close to middle of the pack on pricing.

Burlington's most recent figure for GDP is at $6 Billion, in 2018 they were at $5.5 Billion, decent growth considering the size of Burlington.

I of course have to mention appreciation in Burlington, looks like the average annual appreciation rate is sitting around 2.60% since 2000.

To conclude Burlington is an area that if you flip, you should be paying attention to. The price points, attraction of the area, and large base of SF Homes to work with, it's become an area that many investors mention to me when speaking about NC. If other's are talking about it, you might want to at least hear it. The savvy investor has great opportunity here in town, and with Burlington's staggering growth which isn't appearing to slow down at this moment; Burlington is looking more attractive than ever. Anything that touches or is situated near I-40 shall continue to reap the benefits of being on the I-40 Line.

Talk at you again in 3 months Burlington!

As always looking for questions, comments, concerns, and any feedback. It's impossible to know everything about a market, so any value add information is expressly desired, and I appreciate it! I'm looking to connect with more people on here, so please reach out! Don't be stingy with upvotes or commenting anywhere on this thread, it's how I know this content is bringing value to readers.

Cheers!

For more reading and sources:

https://www.census.gov/quickfa...

https://censusreporter.org/pro...

https://worldpopulationreview....

https://www.forbes.com/places/...

https://datausa.io/profile/geo...

https://datausa.io/profile/uni...

https://www.neighborhoodscout....

https://www.burlingtonnc.gov/7...

https://public.powerdms.com/BP...

https://livingcost.org/cost/un...