The typical owner-occupied home in Burton is worth about $275,000, 3% below the Texas median of $283,800 and 17% below the national median of $332,700. The median household earns $76,250 a year, so the median home costs 3.6 times the median income (3.6 times for Texas). 84% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Burton at a glance
| Burton | Texas | U.S. | |
|---|---|---|---|
| Median home value | $275,000 | $283,800 | $332,700 |
| Median property tax paid per year | – | $4,232 | $3,119 |
| Median household income | $76,250 | $78,476 | $80,734 |
| Homes lived in by their owners | 84% | 63% | 65% |
| Owner homes with a mortgage | 28% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,203 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 21.6% | 21.7% | 21.0% |
| Median rent | $983 | $1,403 | $1,413 |
| Rent as a share of renters' income | 22.5% | 30.9% | 30.6% |
| Median year homes were built | 1953 | 1992 | 1980 |
| Vacant homes | 36.9% | 9.4% | 10.1% |
| Population | 174 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Burton
At this week's average 30-year rate of 7.11%, buying the median Burton home of $275,000 with 20% down costs about $1,847 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,305, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $79,141 for the 20%-down payment. That payment is 29% of the median Burton household income of $76,250; at that income and 20% down, the 28% guideline points to a home of about $265,000.
The median rent here is $983 a month, so owning the median home costs about $864 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $55,000 |
|---|---|
| Loan amount | $220,000 |
| Principal and interest | $1,480 |
| Property taxes (1.10% a year) | $252 |
| Homeowners insurance (our estimate, 0.5% a year) | $115 |
| PMI | $0 |
| Total per month | $1,847 |
Change the numbers in the calculator
| Down payment | $9,625 |
|---|---|
| Loan amount | $270,019 |
| Principal and interest | $1,816 |
| Property taxes (1.10% a year) | $252 |
| Homeowners insurance (our estimate, 0.5% a year) | $115 |
| FHA mortgage insurance | $122 |
| Total per month | $2,305 |
Change the numbers in the calculator
Questions about home buying in Burton
What is the median home value in Burton?
About $275,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Burton?
For the median home with 20% down at 7.11%, the payment is about $1,847 a month. Keeping that under 28% of gross income takes about $79,141 a year.
More about Burton
- Mortgage Refinance in Burton
- Debt Relief in Burton
- Home Equity Loans in Burton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data