Burke County, Georgia Housing Market Prices
Burke County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 91% below the Georgia median Cheaper than 94% of counties in Georgia$24,090
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Median rent 46% below the Georgia median Cheaper than 78% of counties in Georgia$758
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Burke County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,090 | $256,986 | $248,835 |
| Price Trend (Annual %) | 99.7% | 8.9% | 7.5% |
| Median Gross Rent | $758 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Burke County is about 91% lower than in Georgia. Rent is about 46% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Burke County, up about 99.7% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Burke County rose about 39.0% between 2015 and 2024, from $545 to $758. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Burke County.
Buying the median-priced home in Burke County costs roughly 2.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Burke County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Burke County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,090 | $256,986 | $248,835 |
| Median Household Income | $53,563 | $77,523 | $80,455 |
| Price-to-Income Ratio | 0.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Burke County fell about 70.9%, while median household income rose about 60.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Burke County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.9% | 58.9% | 58.5% |
| Rental Rate | 24.4% | 30.8% | 31.2% |
| Vacancy Rate | 18.7% | 10.3% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Burke County has a homeownership rate of 56.9%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 18.7%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Burke County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1983 | 1990 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Burke County was built around 1983. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Burke County, GA Housing Compared With Nearby Counties
How Burke County, GA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Burke County, GA | 24,470 | $24,090 #3/3 | $758 #3/3 | 70.0% #2/3 |
| Richmond County, GA | 206,056 | $141,895 | $1,141 | 51.2% |
| Columbia County, GA | 162,330 | $303,017 | $1,409 | 78.1% |
Frequently Asked Questions
Common questions about the housing market in Burke County, Georgia.
What is the median home price in Burke County, Georgia?
The median home price in Burke County, Georgia is $24,090, lower than the Georgia average of $256,986.
What is the average home price in Burke County, Georgia?
The typical home price in Burke County, Georgia, reported as the median sale price, is $24,090. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Burke County, Georgia?
The median gross rent in Burke County, Georgia is $758 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Burke County in 2020?
In 2020, the median gross rent in Burke County, Georgia was $690 per month.
What is the price-to-rent ratio in Burke County, Georgia?
The price-to-rent ratio in Burke County, Georgia is about 2.6, meaning it would take roughly 2.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Burke County.
Are home prices or rent rising faster in Burke County, Georgia?
Both home prices and rent are rising in Burke County, up about 99.7% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Burke County, Georgia?
56.9% of households in Burke County, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Burke County, Georgia?
The housing vacancy rate in Burke County, Georgia is 18.7%, higher than the Georgia average of 10.3%.
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