Burke's October First-Time Homebuyer Report

Burke is a larger than average city in Virginia that has seen a 2.6% decrease in population over the last 10 years. It also has a total population of 41,055. The three zip codes with the largest populations are 22015, 22153, and 22152. Burke is made up of homes that are considered relatively old with a median of 29 years. Heading the list of top schools in the city is Hunt Valley Elementary School.

Price Range

Burke has some of the more expensive homes in the state with a median home value of $409,000 and a current average list price of $482,543. Fewer sellers put their homes up for sale in the Burke market over the last 30 days and the number of new listings fell this week to 68. Home sales remained unchanged from the prior period and once again 64 homes were sold.

Make sure you take a look at these eye-catching homes in Burke that generated the most views from potential buyers:

$464K   $574K   $963K  

Typical Dwelling

The typical dwelling in Burke is a three-bedroom townhouse worth about $381,380. To purchase a similar home, a buyer with good credit and a $76,276 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,004 monthly payment. The property tax rate is $10.67 per $1,000 of taxable assessed value.

Get started right now by checking out Burke homes for sale or reviewing Burke real estate trends.

Data reported through 10/13/2016


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Keller Williams Realty
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