The housing market in Burke, MN is a great option for prospective homebuyers. The median value is lower than the US median value at $229,900 and has seen an appreciation of 9.54% over the past year, higher than the US rate of 8.27%. This makes Burke an attractive option for those looking to invest in property with a good potential for growth. With the current low interest rates and rising house values, now is a great time to buy or sell in this area.
The median home cost in Burke is $229,900. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Burke is up 14.7%.
Average Age of Homes
- The median age of Burke real estate is 44 years old
The Rental Market in Burke
- Renters make up 12.1% of the Burke population
- 0.0% of houses and apartments in Burke, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.