Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Burke area can be challenging. Home prices in Burke are now at a median cost of $132,889, lower than the Tennessee average of $218,916.
The average cost of rent is $690/mo in Burke, primarily driven by the current value of real estate in the Burke area. While nearly 52.02% of residents own their homes outright in Burke, 11.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Burke is $3,801 per month. Households that rent pay about 18.15% of their income on rent here. Burke's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Melvine, TN: higher priced homes
- Litton, TN: higher priced homes
- Linary, TN: higher priced homes
- Lake Tansi, TN: higher priced homes
- Milo, TN: less expensive homes
- Grassy Cove, TN: higher priced homes
- Nine Mile, TN: higher priced homes
- Grandview, TN: less expensive homes
- Cold Spring, TN: higher priced homes
- Lorraine, TN: less expensive homes
Cities with Similar Populations
- Wakenva, VA: less expensive homes
- Vernon, IL: higher priced homes
- Possumneck, MS: less expensive homes
- Calais, OH: less expensive homes
- Verona, TX: higher priced homes
- Cable Hollow, PA: equally priced homes
- Violet, TX: higher priced homes
- Passumpsic, VT: higher priced homes
- Wadhams, NY: higher priced homes
- Buckroe, MI: higher priced homes
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