Burke, VA—22015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burke, VA
As of Oct '25, the median home price in Burke, VA is $713,000, with a year-over-year change of 0.8%. This indicates that home prices in Burke, VA are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $713,000 | 0.8% |
| Single Family | $745,000 | 0.4% |
| Condos | $398,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $305,000 | -0.7% |
2 Bed | $372,000 | 0.3% |
3 Bed | $579,000 | 1.0% |
4 Bed | $858,000 | 0.8% |
| 5 Bed | $923,000 | -0.2% |
% of Housing Stock
Rental Trends — Burke, VA
As of July '25, Rentcast reports the average rent in Burke, VA is $3,020, with a year-over-year rent change of 1.3%. Per bedroom, the median rent as of July '25 in Burke, VA is 1-bedrooms: $1,340, 2-bedrooms: $2,280, 3-bedrooms: $3,020, 4-bedrooms: $3,750. The most common rental property sizes in Burke, VA are 3-bedroom and 2-bedroom, accounting for 53.2% and 17.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,340 |
| 2 Bed Rent | $2,300 | $2,280 |
| 3 Bed Rent | $3,000 | $3,020 |
| 4 Bed Rent | $3,850 | $3,750 |
% of Rental Stock
Property Listings — Burke, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Burke, VA is 30. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $640,000 | -6.0% |
Listing Count | 82 | 18.0% |
| Listings as % of Homes | 0.3% | 18.0% |
Days on Market | 30 | 10.0% |
Demographics — Burke, VA
As of the latest ACS Survey released in 2023, Burke, VA has a population of 44,700, which has remained stable by -0.3% over the past 5 years. Burke, VA is a moderately popular place for families, as children make up 25.0% of the population. The area has a highly educated workforce, with 66.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,700 | -0.3% |
% Under 18 | 25.0% | 7.8% |
% Seniors | 16.5% | 13.0% |
% WFH | 24.3% | 279.7% |
% w/ College Degree | 66.4% | 7.3% |
As of the latest ACS Survey released in 2023, Burke, VA is a predominantly white area, with 53.2% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Burke, VA is asian, making up 18.5% of the population. Foreign-born residents account for 26.2% of the population in Burke, VA, and this percentage has increased by 4.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.2% | -8.1% |
% Black | 6.9% | 6.2% |
% Hispanic | 15.5% | 6.9% |
% Asian | 18.5% | 6.9% |
% Foreign Born | 26.2% | 4.0% |
Mortgage and Risk — Burke, VA
According to HUD data as of 2023, there were 616 mortgage originations in Burke, VA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Burke, VA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 616 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Burke, VA
As of 2024, the percent of homes in Burke, VA under the Section 8 program is 11.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Burke, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 251 |
Total Units Section 8 | 251 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 95.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,410 | $1,200 | $2,610 |
| 2 Bedroom | $640 | $2,300 | $2,940 |
| 3 Bedroom | $680 | $3,000 | $3,680 |
| 4 Bedroom | $490 | $3,850 | $4,340 |
Affordability — Burke, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $713,000 |
| Median Household Income | $166,000 |