Burnet County: How Mortgage Rates Shape Buying Power in August

What does a 7.28% mortgage rate mean for a buyer in Burnet County today? With the median home price at $350,000 across 77 closed sales in August, the monthly principal and interest payment on a loan comes to $1,916. This figure is derived from ALEX Intelligence using current market rates and the median sale price as a baseline for affordability modeling. The data shows that 15.7% fewer homes closed in August compared to the same month last year, even though sales volume rose 45.3% over the prior month. As prices dropped 16.7% from July, buyers are seeing more inventory relative to demand, with months of supply at 7.91. This environment makes financing terms a critical lever for closing deals. ALEX Intelligence calculated the cost of common buydowns to illustrate how rates impact monthly cash flow. A standard 3/2/1 temporary buydown costs $13,032 upfront (3.72% of the median price) and reduces the first-year payment by $534 per month. A shorter 2/1 buydown costs $6,624 (1.89% of price) and lowers the first-year payment by $365. These figures are estimates based on current Freddie Mac data for the week of October 1, 2026. While the median price per square foot fell 17.4% from July to $194, the time to sell has also shortened, with days on market dropping 13.5% month-over-month. For buyers in Burnet County, understanding the trade-off between a lower purchase price and higher interest costs is essential for determining true affordability in this shifting market. Looking to buy in Burnet County? Get new listings the day they hit the market. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker. George Arnold Alexander III, MPA Director, ALEX Companies Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574878-B · Broker License #565194-BB Broker, ALEX Real Estate · North Carolina License #367733 Independent Broker, ALEX Real Estate · Colorado License #II.100112456 [email protected] · +1 713.918.9951