The typical owner-occupied home in Burkeville is worth about $88,300, 77% below the Virginia median of $383,700 and 73% below the national median of $332,700. Owners pay a median $688 a year in property taxes, about 0.78% of their home's value, higher than the Virginia rate of 0.73%. 73% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Burkeville at a glance
| Burkeville | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $88,300 | $383,700 | $332,700 |
| Median property tax paid per year | $688 | $2,790 | $3,119 |
| Property tax as a share of value | 0.78% | 0.73% | 0.94% |
| Median household income | – | $93,170 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 59% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $987 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 11.6% | 20.1% | 21.0% |
| Median rent | $1,150 | $1,579 | $1,413 |
| Rent as a share of renters' income | 32.5% | 29.4% | 30.6% |
| Median year homes were built | 1971 | 1984 | 1980 |
| Vacant homes | 20.3% | 8.7% | 10.1% |
| Population | 488 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Burkeville
At this week's average 30-year rate of 7.11%, buying the median Burkeville home of $88,300 with 20% down costs about $569 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $716, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $24,402 for the 20%-down payment.
The median rent here is $1,150 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,660 |
|---|---|
| Loan amount | $70,640 |
| Principal and interest | $475 |
| Property taxes (0.78% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $569 |
Change the numbers in the calculator
| Down payment | $3,090 |
|---|---|
| Loan amount | $86,701 |
| Principal and interest | $583 |
| Property taxes (0.78% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $39 |
| Total per month | $716 |
Change the numbers in the calculator
Questions about home buying in Burkeville
What is the median home value in Burkeville?
About $88,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Burkeville?
Homeowners pay a median $688 a year, which is about 0.78% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Burkeville?
For the median home with 20% down at 7.11%, the payment is about $569 a month. Keeping that under 28% of gross income takes about $24,402 a year.
More about Burkeville
- Mortgage Refinance in Burkeville
- Debt Relief in Burkeville
- Home Equity Loans in Burkeville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data