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Burke County, NC

RANK #358 / 996  ·  POP 87,799  ·  NC

PROJECTED GROWTH: +1.3%

Burke County's economy is holding up, but population decline raises questions about long-term trajectory.

[01] Why Burke County?

Known as "Nature's Playground," Burke County, North Carolina, offers extensive outdoor recreation, with Linville Gorge, often called the "Grand Canyon of the East," and South Mountains State Park providing hiking, biking, and waterfalls. The county is located in west-central North Carolina's mountain region, with its county seat, Morganton, about an hour's drive from Asheville. The community has a welcoming, small-town feel, and residents often own their homes. Lake James State Park is another notable feature, offering opportunities for kayaking, fishing, and relaxing on its sandy beach. Life in Burke County is characterized by its natural surroundings and a focus on community. Many residents are retirees, though the area also attracts families. Public schools in the county are highly rated, with several high schools, including Jimmy C. Draughn High School and East Burke High School, ranking among the top. The local economy is diverse, with ongoing investments in advanced manufacturing and data centers. The county is also home to state institutions like the North Carolina School for the Deaf and Broughton Hospital.

[02] Market Snapshot

Housing Ratio
4.7x

Above national median (4.7x)

GDP Growth
+3.6%

Above national median

Home Prices
+0.4%

Well below national median

Climate & Terrain
1.8

Moderate climate & terrain

Price/Rent
17x

Above national median (13x)

Housing is fairly valued at 4.7x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Burke County U.S. National

The Numbers

DEMOGRAPHICS
Population
87,799
-0.03% YoY
Median Household Income
$53,732
Median Home Value
$155,500
+0.41% 12mo
Median Rent
$768
Average Annual Pay
$48,986
+6.0% YoY
Employment
29,553
+0.2% YoY
Income-to-Home-Value
0.3455
More affordable than average
Migration Inflow
3.23%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$279,000
Days on Market
96
Slower market
Months of Supply
4.2
Balanced market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
24.6%
Listings w/ Price Drops
20.8%
Building Permits (2024)
422
Single-Family Permits
322

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$310M
TOTAL
PROJECT AMOUNT STATUS
Digihost Data Center
Digihost International LLC
$200M Planned
Green Textile Manufacturing Hub
The Industrial Commons
$60M Under Construction
Nebo Energy Storage
Undisclosed (part of PJM interconnection queue)
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.6% 68 percentile
Population Growth -0.0% 28 percentile
Income Growth +11.6% 94 percentile
Vacancy Rate 0.7% 83 percentile
Home Price Change +0.4% 36 percentile
Price/Rent 17x 20 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Burke County, NC a good place to move to?

Burke County has a Boom Town Index score of 64/100, ranking #358 among 996 U.S. counties. With job growth at +0.2% and a median household income of $53,732, it's an above-average county on economic indicators.

Is Burke County affordable?

The median home value in Burke County is $155,500 with median rent at $768/month. The income-to-home-value ratio is 0.3455, which is more affordable than the national average.

Is Burke County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: +0.2%. Home values changed +0.4% in the past 12 months.

Are people moving to Burke County?

Yes — 3.23% of Burke County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Wayne County, OH 74 Franklin County, MO 74 Nye County, NV 74 Erie County, OH 74 Schuylkill County, PA 74 St. Clair County, IL 74 Elkhart County, IN 74 Linn County, IA 74