Burkburnett, TX


Highest Appreciating Burkburnett Neighborhoods Since 2000

Burkburnett, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Burkburnett Housing Market Information

With a population of 11,043, 4,350 total housing units (homes and apartments), and a median house value of $74,182, house prices in Burkburnett are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Burkburnett, accounting for 79.85% of the city's housing units. Other types of housing that are prevalent in Burkburnett include mobile homes or trailers ( 11.87%), large apartment complexes or high rise apartments ( 4.67%), and a few row houses and other attached homes ( 1.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Burkburnett. Owner-occupied housing accounts for 68.40% of Burkburnett's homes, and 70.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Burkburnett built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Burkburnett built between 1940-1969 ( 38.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.78%). There's also some housing in Burkburnett built before 1939 ( 6.17%).

Vacant housing appears to be an issue in Burkburnett. Fully 13.21% of the housing stock is classified as vacant. Left unchecked, vacant Burkburnett homes and apartments can be a drag on the real estate market, holding Burkburnett real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Burkburnett Home Appreciation Rates

Appreciation rates for homes in Burkburnett have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.70%, which ranks in the top 30% nationwide. This equates to an annual average Burkburnett house appreciation rate of 0.93%.

NeighborhoodScout's data show that during the latest twelve months, Burkburnett's appreciation rate, at 3.16%, has been at or slightly above the national average. In the latest quarter, Burkburnett's appreciation rate has been 0.94%, which annualizes to a rate of 3.82%.

Relative to Texas, our data show that Burkburnett's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values


Median Home Value:

Burkburnett, TX HOME PRICES

Value Range
> $1,082,000 0.7
$812,001 - $1,082,000 0.4
$541,001 - $812,000 0.6
$433,001 - $541,000 0.7
$325,001 - $433,000 1.9
$216,001 - $325,000 5.3
$108,001 - $216,000 33.1
$54,001 - $108,000 34.6
$0 - $54,000 22.8

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
93.5016992851283 87.0622568093385

Number Of Homes And Apartments:

Burkburnett Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
43.41% 2.11% 1 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$894 / per month

Homeownership Rate

Owners 68.40
Renters 31.60
Vacant 13.21

Housing Market Details


Age of Homes

AGE OF Burkburnett HOMES
2000 or Newer 9.8
1970 - 1999 45.8
1940 - 1969 38.3
1939 or Older 6.2

Types of Homes

TYPE OF Burkburnett HOMES
Single-Family 79.8
Townhomes 1.9
Small Apt. Buildings 1.8
Apt. Complexes 4.7
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Burkburnett HOMES
No Bedroom 0.60
1 Bedroom 4.53
2 Bedrooms 22.01
3 Bedrooms 59.52
4 Bedrooms 11.27
5 or more bedrooms 2.08

Popular Neighborhoods in Burkburnett

Zip Codes in Burkburnett, TX