The housing market in Burke, VA is a thriving and growing region. The Median Value of houses in Burke, VA is $662,200 which is significantly higher than the US median value of $338,100. In the past year, house appreciation has been 3.98% in Burke, VA which is significantly lower then the 8.27% national average for one year house appreciation. This relative stability presents an opportunity to invest in real estate in the Burke area as prices are not expected to skyrocket soon and potential buyers can be sure their investments will remain relatively stable and secure.
The median home cost in Burke is $662,200. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Burke is up 9.7%.
Average Age of Homes
- The median age of Burke real estate is 39 years old
The Rental Market in Burke
- Renters make up 14.8% of the Burke population
- 0.3% 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.