Burnet, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Burnet Neighborhoods Since 2000




Burnet, 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

Burnet Housing Market Information

With 6,239 people, 2,005 houses or apartments, and a median cost of homes of $154,568, Burnet real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Burnet, accounting for 62.07% of the city's housing units. Other types of housing that are prevalent in Burnet include duplexes, homes converted to apartments or other small apartment buildings ( 18.82%), large apartment complexes or high rise apartments ( 14.32%), and a few mobile homes or trailers ( 4.31%).

The most prevalent building size and type in Burnet are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.53% owning and 55.47% renting.

There is a lot of housing in Burnet 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 Burnet built between 2000 and later ( 30.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.32%). There's also some housing in Burnet built before 1939 ( 4.89%).

Burnet Home Appreciation Rates

In the last 10 years, Burnet has experienced some of the highest home appreciation rates of any community in the nation. Burnet real estate appreciated 33.46% over the last ten years, which is an average annual home appreciation rate of 2.93%, putting Burnet in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Burnet definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Burnet that despite a nationwide downturn in the housing market, Burnet real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burnet appreciation rates continue to be some of the highest in America, at 12.23%, which is higher than appreciation rates in 97.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burnet. Burnet appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.88%.

Relative to Texas, our data show that Burnet's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$154,568

Burnet, TX HOME PRICES

Value Range
> $1,234,000 0.1
$926,001 - $1,234,000 0.4
$617,001 - $926,000 3.1
$494,001 - $617,000 3.7
$371,001 - $494,000 11.0
$247,001 - $371,000 7.0
$123,001 - $247,000 36.6
$62,001 - $123,000 32.0
$0 - $62,000 6.2

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
48.1190671510606 31.3229571984436

Number Of Homes And Apartments:
2,005

Burnet Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
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
77.12% 3.37% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,127 / per month

Homeownership Rate

Homeownership
Owners 44.53
Renters 55.47
Vacant 3.00

Housing Market Details

 

Age of Homes

AGE OF Burnet HOMES
2000 or Newer 30.5
1970 - 1999 44.3
1940 - 1969 20.3
1939 or Older 4.9

Types of Homes

TYPE OF Burnet HOMES
Single-Family 62.1
Townhomes 0.5
Small Apt. Buildings 18.8
Apt. Complexes 14.3
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Burnet HOMES
No Bedroom 4.31
1 Bedroom 6.82
2 Bedrooms 25.93
3 Bedrooms 54.62
4 Bedrooms 5.85
5 or more bedrooms 2.47

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Zip Codes in Burnet, TX