Burkburnett, TX 76354 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Burkburnett, TX—76354

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$179,000

0.4% YoY Growth

Household Income

$68,600

33.9% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$1,130

2.3% YoY Growth

1-Bed Rent

$695

9.2% YoY Growth

2-Bed Rent

$950

0.0% YoY Growth

3-Bed Rent

$1,580

5.1% YoY Growth

Home Price Trends — Burkburnett, TX

As of Dec '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 1.4%, 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

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

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% of Rental Stock

Studio

1.8%

1 Bedroom

16.1%

2 Bedrooms

37.2%

3 Bedrooms

26.1%

4 Bedrooms

19.0%

Property Listings — Burkburnett, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in Burkburnett, TX is 57. This is a decrease of -20.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$197,000	-5.0%
Listing Count	52	23.0%
Listings as % of Homes	0.6%	23.0%
Days on Market	77	3.0%

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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%

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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%

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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%

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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

Burkburnett, TX—76354

Key Metrics at a Glance

Home Price Trends — Burkburnett, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Burkburnett, TX

% of Rental Stock

Property Listings — Burkburnett, TX

Demographics — Burkburnett, TX

Race and Ethnicity

Mortgage and Risk — Burkburnett, TX

Mortgages

Rentals and Section 8 — Burkburnett, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Burkburnett, TX

Home Price to Income Ratio

Burkburnett, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Devol, OK

Iowa Park, TX

Bacon, TX

Wichita Falls, TX

Wichita Falls, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$179,000
Median Household Income	$68,600

Burkburnett, TX—76354

Key Metrics at a Glance

Home Price Trends — Burkburnett, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Burkburnett, TX

% of Rental Stock

Property Listings — Burkburnett, TX

Demographics — Burkburnett, TX

Race and Ethnicity

Mortgage and Risk — Burkburnett, TX

Mortgages

Rentals and Section 8 — Burkburnett, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Burkburnett, TX

Home Price to Income Ratio

Burkburnett, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Devol, OK

Iowa Park, TX

Bacon, TX

Wichita Falls, TX

Wichita Falls, TX

Frequently Asked Questions

What is the average home price in Burkburnett, TX 76354?

How have home prices in Burkburnett, TX 76354 changed over the past year?

What is the home price projection for Burkburnett, TX 76354?

What are the demographics of Burkburnett, TX 76354?

How long does it take homes to sell in Burkburnett, TX 76354?

What is the average rent price in Burkburnett, TX 76354?