Much like the surrounding areas, it's significantly more expensive compared to the US as a whole. However it is a little less expensive compared to the city of Washington.
Home prices
The cost of the median home in Burke is $541,900. It is approximately $18,080 (3%) lower compared to its surrounding areas.Compared to the rest of the country it is roughly $324,400 (149%) higher, and it is roughly $59,600 (9%) lower compared to the city of Washington.
Rents
In Burke the median monthly rent is $2,424. In comparison to the surrounding areas this is roughly $104 (4%) lower.In comparison to the United States as a whole it is about $1,362 (128%) higher, and is about $883 (57%) higher in comparison to the city of Washington.
Nearby places
West Springfield
West Springfield is Burke's neighbor to the east. Its housing prices are somewhat less expensive. West Springfield's median home value is $472,000, which works out to $69,900 (14%) lower than Burke. Rents there are somewhat less expensive. In West Springfield the median rent is $2,131 a month, which works out to $293 (13%) lower than Burke.
Burke Centre
Burke Centre is Burke's neighbor to the northwest. Its real estate prices are a little less expensive. The median home in Burke Centre costs $462,400, which works out to $79,500 (17%) lower than Burke. Rent there is somewhat less expensive. In Burke Centre the median monthly rent is $1,968, which is $456 (23%) lower than Burke.
Kings Park
Kings Park is Burke's neighbor to the northeast. Housing prices there are fairly similar. The median home in Kings Park costs $527,200, which is $14,700 (2%) lower than Burke. Rent there is a bit more expensive. Kings Park's median monthly rent is $2,624, which is $200 (7%) higher than Burke.
South Run
South Run is Burke's neighbor to the south. Real estate prices there are a little more expensive. The median home in South Run costs $763,900, which works out to $222,000 (29%) higher than Burke. Its rents are somewhat more expensive. In South Run the median rent is $3,501 per month, which works out to $1,077 (30%) higher than Burke.
Kings Park West
Kings Park West is Burke's neighbor to the northwest. Its real estate prices are a little more expensive. The cost of the median home in Kings Park West is $574,400, which comes out to $32,500 (5%) higher than Burke. Rents there are similar. In Kings Park West the median monthly rent is $2,415, which is very similar to Burke.
