Burkburnett, TX—76354
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burkburnett, TX
As of Oct '25, the median home price in Burkburnett, TX is $179,000, with a year-over-year change of 0.4%. This indicates that home prices in Burkburnett, TX are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 0.4% |
| Single Family | $179,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $92,000 | -8.0% |
3 Bed | $184,000 | 1.1% |
4 Bed | $277,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burkburnett, TX
As of July '25, Rentcast reports the average rent in Burkburnett, TX is $1,290, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Burkburnett, TX is 1-bedrooms: $710, 2-bedrooms: $1,020, 3-bedrooms: $1,430, 4-bedrooms: $1,260. The most common rental property sizes in Burkburnett, TX are 2-bedroom and 3-bedroom, accounting for 37.2% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,130 | $1,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $710 |
| 2 Bed Rent | $950 | $1,020 |
| 3 Bed Rent | $1,580 | $1,430 |
| 4 Bed Rent | $1,130 | $1,260 |
% of Rental Stock
Property Listings — Burkburnett, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Burkburnett, TX is 47. This is a decrease of -28.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $201,000 | -8.0% |
Listing Count | 60 | 15.0% |
| Listings as % of Homes | 0.6% | 15.0% |
Days on Market | 47 | -28.0% |
Demographics — Burkburnett, TX
As of the latest ACS Survey released in 2023, Burkburnett, TX has a population of 11,800, which has decreased by -1.7% over the past 5 years. Burkburnett, TX is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | -1.7% |
% Under 18 | 23.0% | -1.7% |
% Seniors | 17.2% | -5.5% |
% WFH | 2.5% | -3.8% |
% w/ College Degree | 22.4% | 0.4% |
As of the latest ACS Survey released in 2023, Burkburnett, TX is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Burkburnett, TX is hispanic, making up 14.3% of the population. Foreign-born residents account for 2.9% of the population in Burkburnett, TX, and this percentage has increased by 26.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.4% | -3.9% |
% Black | 1.2% | -67.6% |
% Hispanic | 14.3% | 53.8% |
% Asian | 0.3% | -76.9% |
% Foreign Born | 2.9% | 26.1% |
Mortgage and Risk — Burkburnett, TX
According to HUD data as of 2023, there were 199 mortgage originations in Burkburnett, TX, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Burkburnett, TX. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 199 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Burkburnett, TX
As of 2024, the percent of homes in Burkburnett, TX under the Section 8 program is 3.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Burkburnett, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $695 | $850 |
| 2 Bedroom | $90 | $950 | $1,040 |
| 3 Bedroom | -$160 | $1,580 | $1,420 |
| 4 Bedroom | $480 | $1,130 | $1,610 |
Affordability — Burkburnett, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $179,000 |
| Median Household Income | $68,600 |