Home Values

Burke County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$105,100

  • -2.2% 1-year change
  • 1.7% 1-year forecast

The median home value in Burke County is $105,100. Burke County home values have declined -2.2% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in Burke County is $94, which is higher than the Hickory Metro average of $91. The median price of homes currently listed in Burke County is $149,900 while the median price of homes that sold is $113,000. The median rent price in Burke County is $675.

Foreclosures will be a factor impacting home values in the next several years. In Burke County 4.5 homes are foreclosed (per 10,000). This is greater than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Burke County is 3.3%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Burke County homeowners underwater on their mortgage is 16.3%.

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Relative ZHVI
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Burke County Market Overview

Data through Nov 30, 2014
  • $105,100 ZHVI
  • 1.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $149,900 Median listing price
  • $113,000 Median sale price
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Burke County Market Health

Data through Nov 30, 2014
  • 3.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 16.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.5 homes Burke County
4.2 homes United States
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Cities in Burke County

Name Median ZHVI
Morganton $106,300
Valdese $96,000
Hildebran $92,500
Name Median ZHVI
Icard $91,800
Glen Alpine $86,100
 

Listings & Sales

Data through Nov 30, 2014
  • $94 Median list price / sq ft
  • $76 Median sale price / sq ft
  • No data Listings with price cut
14.5%
Sold below listing
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Burke County Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $931 Burke County
    $957 Hickory Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $675 Rent list price (Oct 31, 2014)
  • No recent data Rent list price / sq ft
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