22015, Burke, VA

Burke, VA - as of 22015 - has a population of 10,898. The median household income is $83,906 and the median home value is $269,000. The percentage of homes that are owner-occupied is 66%.

The average interest rate on a 30-year fixed-rate mortgage in Burke in 2015 was 4.11%. The average home price in Burke in 2015 was $269,000. As of 22015, the median home value was more than three times the median household income.

Burke's homeownership rate has been trending upwards since 2000. In 2000 it was 62%, and by 2015 it had increased to 66%. This trend may be due to several factors: firstly, there are relatively few renters in Burke; secondly, prices have increased significantly over the past decade; and finally, many people who live in Burke own their homes outright or have mortgages that are relatively low-interest rates.