Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$253,278+1.2% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 28% have cut their price
Income needed to buy, per year$54,905About 0.9× the local median income ($61,006): affordable for a typical household
Days on market71 daysFaster than a year ago: sellers have the edge
Next 12 months+2.3%Zillow expects prices to rise slightly
The typical home in Burke County, NC is worth $253,278, up 1.2% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $232,690, so the area is 8.8% overvalued. It is a buyer's market: homes take about 71 days to sell, listings are up 32% from a year ago, 28% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $54,905 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,006. Typical rent is $1,375 a month, or $1,525 for a house. In the latest IRS figures, 695 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$253,278
Change in 1 year
+1.2%
Overvalued %
+8.8%
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Fair home value
$232,690
Change in 5 years
+28.4%
Zillow forecast, next 12 months
+2.3%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,373
Income needed to afford it
$54,905
Property tax rate
0.68%
Rent and investing
Typical rent
$1,375
Typical rent for houses
$1,525
Price-to-rent ratio
15.4×
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HUD Fair Market Rent, 2 bedrooms
$1,147
Gross rental yield
6.51%
Cap rate (estimate)
4.23%
Market activity
Listings vs a year ago
+31.7%
Days on market
71
Listings with a price cut
28.2%
Show 3 more
Homes for sale
353
Pending sales per 100 listings
26
Asking price per sq ft
$200
People and jobs
Median household income
$61,006
Population change (1 year)
+0.1%
Unemployment rate
4.4%
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Population
88,655
Income adjusted for cost of living
$68,933
Net moves in (IRS)
+695
Cost of living (US = 100)
88.5
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
70.2
Flood risk score
79.3
Show 3 more
Wildfire risk score
47.0
Walkability (1 to 20)
5.5
Road, rail and air noise
55 dB
Questions people ask
Is Burke County, NC overvalued?
Home prices in Burke County, NC are slightly above what local incomes have historically supported: fair value is about $232,690, so the area is 8.8% overvalued.
Is Burke County, NC a buyer's or seller's market?
Burke County, NC is a buyer's market: homes take about 71 days to sell, listings are up 32% from a year ago, 28% of listings have had a price cut.
Are home prices going down in Burke County, NC?
Home values in Burke County, NC are up 1.2% over the last year. Zillow's forecast for the next 12 months is +2.3%.
How much do you need to earn to buy a home in Burke County, NC?
A household needs about $54,905 a year to afford the typical home in Burke County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,006.