Burbank, CA—91502
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 $803,000, with a year-over-year change of 0.4%. This indicates that home prices in Burbank, CA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $803,000 | 0.4% |
| Single Family | $964,000 | -3.1% |
| Condos | $703,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $576,000 | 1.6% |
2 Bed | $758,000 | 0.0% |
3 Bed | $1,027,000 | -1.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burbank, CA
As of July '25, Rentcast reports the average rent in Burbank, CA is $2,890, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in Burbank, CA is studios: $1,960, 1-bedrooms: $2,140, 2-bedrooms: $3,130, 3-bedrooms: $4,010. The most common rental property sizes in Burbank, CA are 1-bedroom and 2-bedroom, accounting for 43.6% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $2,890 |
| Studio Rent | $1,650 | $1,960 |
| 1 Bed Rent | $2,150 | $2,140 |
| 2 Bed Rent | $3,100 | $3,130 |
| 3 Bed Rent | $3,600 | $4,010 |
| 4 Bed Rent | N/A | N/A |
% 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 37. This is a increase of 139.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $795,000 | -12.0% |
Listing Count | 8 | 127.0% |
| Listings as % of Homes | 0.1% | 127.0% |
Days on Market | 37 | 139.0% |
Demographics — Burbank, CA
As of the latest ACS Survey released in 2023, Burbank, CA has a population of 11,700, which has increased by 1.2% over the past 5 years. Burbank, CA is a moderately popular place for families, as children make up 17.7% of the population. The area has a moderately educated workforce, with 42.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,700 | 1.2% |
% Under 18 | 17.7% | 20.4% |
% Seniors | 16.6% | -1.8% |
% WFH | 28.8% | 311.4% |
% w/ College Degree | 42.6% | 51.1% |
As of the latest ACS Survey released in 2023, Burbank, CA is a predominantly white area, with 49.5% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Burbank, CA is hispanic, making up 26.1% of the population. Foreign-born residents account for 38.1% of the population in Burbank, CA, and this percentage has decreased by 21.6% 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 | 49.5% | 0.0% |
% Black | 4.5% | 40.6% |
% Hispanic | 26.1% | -21.1% |
% Asian | 15.2% | 34.5% |
% Foreign Born | 38.1% | -21.6% |
Mortgage and Risk — Burbank, CA
According to HUD data as of 2023, there were 41 mortgage originations in Burbank, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Burbank, CA. Investor activity is low, as 5.0% 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 | 41 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Burbank, CA
Burbank, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 941 |
Total Units Section 8 | 804 |
% Rentals under Section 8 | 16.5% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $2,150 | $2,200 |
| 2 Bedroom | -$330 | $3,100 | $2,770 |
| 3 Bedroom | -$80 | $3,600 | $3,520 |
| 4 Bedroom | N/A | N/A | $3,900 |
Affordability — Burbank, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.4 |
| Median Home Price | $803,000 |
| Median Household Income | $61,400 |