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These days, finding an affordable place to live in the Burket area can be challenging. Home prices in Burket are now at a median cost of $170,015, lower than the Indiana average of $232,932.
The average cost of rent is $982/mo in Burket, primarily driven by the current value of real estate in the Burket area. In Burket, 2.70% of households rent, and 47.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Burket is $8,297 per month. Households that rent pay about 11.83% of their income on rent here. Burket’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Palestine, IN: equally priced homes
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- Sidney, IN: higher priced homes
- Atwood, IN: equally priced homes
- Akron, IN: higher priced homes
- Talma, IN: less expensive homes
- Warsaw, IN: higher priced homes
Cities with Similar Populations
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- Sturkie, AR: equally priced homes
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- Loop, WV: higher priced homes
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- Longton, KS: less expensive homes
- Summit Station, PA: higher priced homes
- Long Lake, WI: equally priced homes
- London, IN: higher priced homes
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