The housing market in Burke, SD is quite interesting. The median value of a home is $135,400 which is significantly less than the US median value of $338,100. However, the one year appreciation rate of homes in Burke, SD is 14.45%, much higher than the US average of 8.27%. This means that homes in Burke are increasing in value faster than most other areas in the United States, making investing in Burke homes an attractive option for potential buyers.
The median home cost in Burke is $135,400. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Burke is up 17.2%.
Average Age of Homes
- The median age of Burke real estate is 53 years old
The Rental Market in Burke
- Renters make up 24.5% of the Burke population
- 4.7% 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.