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Burnet

Learn about the people, housing, costs and businesses in Burnet, Texas

Median Home$292,735
Median Rent$1,063/month
Population6,631
Leading IndustriesArts, Food & Hospitality · Healthcare · Education19% arts, food & hospitality
Home Value Growth+7.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners72% of occupied units
NotableHighly Educated31% bachelor's · 24% graduate · top 7% nationally
NotableVeteran Community10% of residents · top 14% nationally
Burnet
TX

Frequently Asked Questions

What are today's mortgage rates in Burnet?

As of today, the 30-year fixed mortgage rate for Burnet is approximately 6.823% (6.856% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Burnet?

The median home value in Burnet is $293k. The median monthly rent is $1,063. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Burnet?

Home values in Burnet have increased 7.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Burnet?

Based on a typical all-in ownership cost of $1,035/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burnet is $77k/year.

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What industries drive the economy in Burnet?

The largest employment sectors in Burnet are public administration (23%) and healthcare (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.