Burke County, Georgia Housing Market
In Burke County, Georgia, the median home value is $151,600, with a median monthly rent of $758. This places Burke County at #2204 nationally out of 3134 counties by median home value, and #96 within Georgia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,692
- Establishments: 458
- BLS QCEW, 2025
Housing Supply
- Single-family: 52
- Multi-family: 48
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,614 (avg $58,625)
- Outflow: 8,029 (avg $58,538)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Burke County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 30830 | 293.5 | +31.71% | 2025 |
| 2 | 30815 | 209.5 | -1.48% | 2025 |
| 3 | 30434 | 157.3 | +9.77% | 2022 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
📝 Editor's Insight
Burke County, Georgia, exhibits characteristics of a balanced market with emerging buyer advantages, driven by significant price appreciation that has outpaced local income growth. The price-to-income ratio stands at 2.86, below the national average of 3.20, indicating relative affordability despite recent price spikes. Furthermore, the price-to-rent ratio of 16.7 is lower than the national benchmark of 18.7, suggesting that purchasing remains more cost-effective than long-term renting in this jurisdiction. The rent burden is precisely aligned with the national average at 17.2% of median household income, confirming that rental costs remain proportionate to local earnings. The market’s trajectory reveals a dramatic shift from stagnation to rapid expansion. Between 2017 and 2021, median home values increased modestly from $86,500 to $90,300, reflecting annual growth rates under 1.5%. However, the period from 2022 to 2024 saw explosive growth, with values rising from $98,300 to $151,600. This culminated in a 40.6% year-over-year increase in 2024, a figure that significantly diverges from historical patterns and suggests a potential data anomaly or a sudden influx of external capital. Recent momentum is sustained, as the FHFA House Price Index indicates an 8.78% year-over-year increase in 2025, outperforming the Georgia state average of 1.83% by 6.95 percentage points. This divergence highlights that Burke County is experiencing localized demand pressures distinct from broader state trends. Regional context underscores the county’s affordability relative to wider benchmarks. Median home values are 33.4% below the national average and 23.4% below the Georgia state average, while median household income of $53,014 is 22.0% below the national mean. Economic fundamentals support this activity, with 5,792 total jobs and an average weekly wage of $1,692. Housing supply remains constrained, with only 100 new units authorized in 2025, split between 52 single-family and 48 multi-family structures. Positive net migration of 585 filers between 2021 and 2022, driven by inflows averaging $58,625 in income, suggests that incoming residents possess higher earning potential than the local median. With the 30-year fixed mortgage rate at 7.40%, high financing costs may temper further rapid appreciation, yet the current low price-to-rent ratio continues to favor ownership over renting for qualified buyers.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Burke County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Burke County →How Burke County Compares
| Metric | Burke County | Georgia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $151,600 | $197,932 | $227,706 |
| Median Gross Rent | $758 | $965 | $968 |
| Owner Occupancy Rate | 70.0% | 70.6% | 73.3% |
| Price/Rent Ratio | 16.7 | 16.6 | 18.7 |
Market Analysis
The median home value in Burke County is 23.4% below the Georgia state average and 33.4% below the U.S. national average. The median rent of $758/month is 21.5% below the state average.
With a price-to-rent ratio of 16.7, the buy-vs-rent decision in Burke County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Burke County has an owner-occupancy rate of 70.0%, compared to 70.6% in Georgia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Henry County | Illinois | $151,600 | $842 |
| Columbiana County | Ohio | $151,600 | $756 |
| Reynolds County | Missouri | $151,700 | $655 |
| Oswego County | New York | $151,700 | $967 |
| Menominee County | Michigan | $151,800 | $692 |
Other Counties in Georgia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Grady County | $152,400 | $779 | 66.1% |
| Pierce County | $153,300 | $799 | 76.5% |
| Bleckley County | $149,600 | $799 | 72.9% |
| Marion County | $154,100 | $710 | 78.9% |
| Laurens County | $154,500 | $863 | 64.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).