Burbank, CA—91504
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 $1,198,000, with a year-over-year change of -1.8%. This indicates that home prices in Burbank, CA are decreasing. 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 | $1,198,000 | -1.8% |
| Single Family | $1,300,000 | -2.3% |
| Condos | $687,000 | -6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $751,000 | -5.2% |
3 Bed | $1,249,000 | -2.5% |
4 Bed | $1,520,000 | -0.9% |
| 5 Bed | $2,054,000 | -0.7% |
% of Housing Stock
Rental Trends — Burbank, CA
As of July '25, Rentcast reports the average rent in Burbank, CA is $3,650, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Burbank, CA is studios: $2,160, 1-bedrooms: $2,540, 2-bedrooms: $3,390, 3-bedrooms: $5,250, 4-bedrooms: $5,210. The most common rental property sizes in Burbank, CA are 1-bedroom and 2-bedroom, accounting for 41.4% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,310 | $3,650 |
| Studio Rent | $1,850 | $2,160 |
| 1 Bed Rent | $2,400 | $2,540 |
| 2 Bed Rent | $3,500 | $3,390 |
| 3 Bed Rent | $5,300 | $5,250 |
| 4 Bed Rent | $5,000 | $5,210 |
% 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 51. This is a increase of 20.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,050,000 | -11.0% |
Listing Count | 45 | -9.0% |
| Listings as % of Homes | 0.3% | -9.0% |
Days on Market | 51 | 20.0% |
Demographics — Burbank, CA
As of the latest ACS Survey released in 2023, Burbank, CA has a population of 27,300, which has increased by 1.5% over the past 5 years. Burbank, CA is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 45.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,300 | 1.5% |
% Under 18 | 21.9% | 1.9% |
% Seniors | 16.8% | 25.4% |
% WFH | 24.6% | 278.5% |
% w/ College Degree | 45.5% | 6.1% |
As of the latest ACS Survey released in 2023, Burbank, CA is a predominantly white area, with 54.0% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Burbank, CA is hispanic, making up 24.8% of the population. Foreign-born residents account for 34.4% of the population in Burbank, CA, and this percentage has decreased by 8.8% 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 | 54.0% | 3.4% |
% Black | 4.9% | 53.1% |
% Hispanic | 24.8% | 4.6% |
% Asian | 10.8% | -34.5% |
% Foreign Born | 34.4% | -8.8% |
Mortgage and Risk — Burbank, CA
According to HUD data as of 2023, there were 296 mortgage originations in Burbank, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Burbank, CA. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 296 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Burbank, CA
As of 2024, the percent of homes in Burbank, CA under the Section 8 program is 2.8%. 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 | 140 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $2,400 | $2,350 |
| 2 Bedroom | -$540 | $3,500 | $2,960 |
| 3 Bedroom | -$1,540 | $5,300 | $3,760 |
| 4 Bedroom | -$830 | $5,000 | $4,170 |
Affordability — Burbank, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.1 |
| Median Home Price | $1,198,000 |
| Median Household Income | $103,000 |