Quick facts: Burkburnett, TX

Quick Facts

99.5
Cost of Living
below US average
11,102
Population
6.58
Crime Rate per 1000
below US average
$62,143
Median Income
below US average
$170,000
Median House Price
above US average
$1809.32
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $62,143.

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Income Needed to Buy

βœ“ Affordable
$53k/year
Based on $170,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($62,143) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$78k/year
Based on $1809.32/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $78k vs median $62,143
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Burkburnett, TX

Burkburnett is a small city located in Wichita County, Texas, just northwest of the larger city of Wichita Falls. With a population of around 10,000 residents, Burkburnett showcases a blend of small-town charm and accessible amenities. The city is known for its rich history, which dates back to the early 1900s when it was established as a railroad town. One of the city's highlights is the Burkburnett Historical Museum, which offers insights into the local heritage and significant events that have shaped the community. The city also hosts various annual events, such as the Black Squirrel Festival, which connects residents and visitors with local culture through festivities and entertainment. Outdoor enthusiasts can enjoy parks and recreational facilities, including the scenic Lake Kickapoo, which is perfect for fishing, boating, and picnicking. Burkburnett's proximity to Wichita Falls allows residents to take advantage of the larger city's amenities while enjoying a quieter, close-knit community atmosphere. Overall, Burkburnett exemplifies the warmth of Texas small towns, blending history, community, and outdoor activities for an engaging lifestyle.

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