Burnet Entry-Level Homes: Affordability Check

What does it cost to buy an entry-level home in Burnet today? The median price for the bottom quartile of sales is $335,000 across 101 closed sales in the rolling six months ending October 31, 2026. This figure represents the most affordable tier available in the city market. ALEX Intelligence analyzed the current financing environment to determine buying power for these buyers. With a median sale price of $335,000 and a prevailing mortgage rate of 7.24% from the week of October 29, 2026, the principal and interest payment is $1,826 per month. This calculation assumes a fixed-rate loan and excludes taxes and insurance. The data shows that entry-level homes in Burnet have seen a 23.0% drop in median price compared to the same period last year, while sales volume has increased by 31.4%. However, the time to sell these homes has lengthened, with the median days on market rising to 78 days, up 5.4% from the prior six-month period. Buyers should note that 86.1% of closed sales in this tier sold below their original list price. For those considering a buydown to lower monthly costs, a 3-2-1 buydown would cost approximately $12,420, reducing the initial payment to $1,317 for the first year. A 2-1 buydown would cost about $6,312, lowering the first-year payment to $1,478. These figures are estimates based on the median price and current rates. The market remains active with 162 new listings added in the last six months, providing options for those seeking entry-level inventory. While prices have adjusted downward from their peak, the combination of higher interest rates means monthly payments remain a significant factor for affordability in this segment. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog