Burke, VA 22015 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Burke, VA—22015

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$706,000

0.4% YoY Growth

Household Income

$166,000

24.6% YoY Growth

Days on Market

29.0% Longer YoY

Home Price Forecast

0.2%

Median Rent

$3,100

1.3% YoY Growth

1-Bed Rent

$1,200

37.1% YoY Growth

2-Bed Rent

$2,300

13.0% YoY Growth

3-Bed Rent

$3,000

2.4% YoY Growth

Home Price Trends — Burke, VA

As of Dec '25, the median home price in Burke, VA is $706,000, with a year-over-year change of 0.4%. 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	$706,000	0.4%
Single Family	$738,000	0.1%
Condos	$396,000	0.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.5%

1 Bedroom

8.2%

2 Bedrooms

17.2%

3 Bedrooms

53.2%

4 Bedrooms

13.1%

5+ Bedrooms

4.9%

Property Listings — Burke, VA

As of Dec '25, Realtor.com reports that the median days on market for a home in Burke, VA is 40. This is a increase of 19.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$630,000	5.0%
Listing Count	38	23.0%
Listings as % of Homes	0.3%	23.0%
Days on Market	41	29.0%

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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%

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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%

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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%

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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

Burke, VA—22015

Key Metrics at a Glance

Home Price Trends — Burke, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Burke, VA

% of Rental Stock

Property Listings — Burke, VA

Demographics — Burke, VA

Race and Ethnicity

Mortgage and Risk — Burke, VA

Mortgages

Rentals and Section 8 — Burke, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Burke, VA

Home Price to Income Ratio

Burke, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Fairfax, VA

Donovans Corner, VA

Springfield, VA

Springfield, VA

Springfield, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$706,000
Median Household Income	$166,000

Burke, VA—22015

Key Metrics at a Glance

Home Price Trends — Burke, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Burke, VA

% of Rental Stock

Property Listings — Burke, VA

Demographics — Burke, VA

Race and Ethnicity

Mortgage and Risk — Burke, VA

Mortgages

Rentals and Section 8 — Burke, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Burke, VA

Home Price to Income Ratio

Burke, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Fairfax, VA

Donovans Corner, VA

Springfield, VA

Springfield, VA

Springfield, VA

Frequently Asked Questions

What is the average home price in Burke, VA 22015?

How have home prices in Burke, VA 22015 changed over the past year?

What is the home price projection for Burke, VA 22015?

What are the demographics of Burke, VA 22015?

How long does it take homes to sell in Burke, VA 22015?

What is the average rent price in Burke, VA 22015?