Preforeclosure Homes in Burnet, TX

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2 View this home at Wallace Riddell Dr Burnet TX 78611
$473,002 EMV

3 Bed | 2 Bath | 2,085 Sq. Ft.

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Home Value Estimator For Burnet, TX

There are currently 5,403 real estate properties in Burnet, TX, with a median automated valuation model (AVM) price of $382,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Burnet, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Burnet, TX, is $544,254.00, with the most expensive house in Burnet, TX, topping out at $8,991,000.00 and the cheapest home in Burnet, TX, clocking in at $19,417.00. In other words, there’s something for every potential homebuyer or savvy investor in Burnet, TX!

Rent Prices In Burnet, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Burnet, TX, is on a rollercoaster ride. The average rent price in Burnet, TX, is $1,232.00. Indeed, when looking to rent in Burnet, TX, you can expect to pay as little as $500.00 or as much as $3,140.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Burnet, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Burnet, TX In 2024

Burnet is located in Burnet, Texas, with an estimated municipal population of 6,406 residents. All of the best foreclosed homes for sale in Burnet are located in the following zip code areas on 78611. The estimated population per square kilometer (.62 miles) in Burnet is 238.

Cost Of Living In Burnet, TX

So, about how much do homes cost in Burnet? The most recent median value of resident-owned homes in Burnet is 164,403. An estimated 69.5 percent of households in Burnet own their homes, with an average family size of 3.29. The median household income in Burnet is 58,869, with25 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Burnet, the median commute time of resident workers (in minutes) is 23.4. And last, but certainly not least, are you looking for homes to rent in Burnet? If so, the average rent price paid by renters in Burnet is 703, according to recent statistics.

Diversity And Demographics In Burnet, Texas

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Burnet, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Burnet is 39, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Burnet is 44.9, with an average family size of 3.29.

The percentage of residents who report their race in Burnet is as follows:

White 90.9%
Black / African American 2.2%
Asian 0.8%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.1%
Other 2.7%

Looking for family-friendly neighborhoods in and/or near Burnet? Or maybe you are searching for 55+ active adult communities in and/or near Burnet?

The percentage of residents who report their age in Burnet is as follows:

Under 10 9.3%
Aged 10-19 12.3%
20s 15.3%
30s 14.1%
40s 10.4%
50s 11.5%
60s 12.4%
70s 8.7%
80+ 6.2%

Best Schools In Burnet, Texas

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Burnet with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Burnet.

Pros And Cons Of Living In Burnet, Texas

How do you know that living in -- or moving to -- Burnet is right where you need to be? Perhaps you grew up in Burnet or already live nearby; therefore, the decision to buy a home in Burnet is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Burnet for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Burnet:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Burnet.

Reasons To Move To Burnet, Texas, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Burnet can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Burnet, meanwhile, can field multiple offers from more qualified buyers.

Burnet, TX Preforeclosure Homes


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