Burbank, CA—91501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burbank, CA
As of Oct '25, the median home price in Burbank, CA is $1,204,000, with a year-over-year change of -0.2%. This indicates that home prices in Burbank, CA are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,204,000 | -0.2% |
| Single Family | $1,454,000 | 0.1% |
| Condos | $738,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $770,000 | -3.3% |
3 Bed | $1,295,000 | 0.0% |
4 Bed | $1,853,000 | 1.1% |
| 5 Bed | $2,187,000 | 0.3% |
% of Housing Stock
Rental Trends — Burbank, CA
As of July '25, Rentcast reports the average rent in Burbank, CA is $3,460, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Burbank, CA is studios: $1,890, 1-bedrooms: $2,260, 2-bedrooms: $3,160, 3-bedrooms: $4,920, 4-bedrooms: $6,150. The most common rental property sizes in Burbank, CA are 2-bedroom and 1-bedroom, accounting for 49.9% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,460 |
| Studio Rent | $1,650 | $1,890 |
| 1 Bed Rent | $2,400 | $2,260 |
| 2 Bed Rent | $3,000 | $3,160 |
| 3 Bed Rent | $4,100 | $4,920 |
| 4 Bed Rent | $5,300 | $6,150 |
% of Rental Stock
Property Listings — Burbank, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Burbank, CA is 41. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,220,000 | 1.0% |
Listing Count | 31 | 22.0% |
| Listings as % of Homes | 0.2% | 22.0% |
Days on Market | 41 | -5.0% |
Demographics — Burbank, CA
As of the latest ACS Survey released in 2023, Burbank, CA has a population of 19,300, which has decreased by -4.7% over the past 5 years. Burbank, CA is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 43.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,300 | -4.7% |
% Under 18 | 18.2% | 3.4% |
% Seniors | 20.6% | 24.1% |
% WFH | 24.7% | 258.0% |
% w/ College Degree | 43.9% | -2.0% |
As of the latest ACS Survey released in 2023, Burbank, CA is a predominantly white area, with 65.0% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Burbank, CA is hispanic, making up 15.9% of the population. Foreign-born residents account for 42.5% of the population in Burbank, CA, and this percentage has decreased by 2.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.0% | -6.1% |
% Black | 2.2% | -35.3% |
% Hispanic | 15.9% | 18.7% |
% Asian | 10.0% | 5.3% |
% Foreign Born | 42.5% | -2.5% |
Mortgage and Risk — Burbank, CA
According to HUD data as of 2023, there were 145 mortgage originations in Burbank, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Burbank, CA. Investor activity is low, as 6.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 145 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Burbank, CA
As of 2024, the percent of homes in Burbank, CA under the Section 8 program is 6.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Burbank, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 335 |
Total Units Section 8 | 335 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $2,400 | $2,310 |
| 2 Bedroom | -$90 | $3,000 | $2,910 |
| 3 Bedroom | -$400 | $4,100 | $3,700 |
| 4 Bedroom | -$1,200 | $5,300 | $4,100 |
Affordability — Burbank, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.9 |
| Median Home Price | $1,204,000 |
| Median Household Income | $85,400 |