Burbank, CA—91505
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 $1,099,000, with a year-over-year change of -2.7%. This indicates that home prices in Burbank, CA are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,099,000 | -2.7% |
| Single Family | $1,121,000 | -3.1% |
| Condos | $689,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $654,000 | -1.2% |
2 Bed | $966,000 | -3.3% |
3 Bed | $1,169,000 | -2.9% |
4 Bed | $1,335,000 | -2.1% |
| 5 Bed | $1,584,000 | -1.2% |
% of Housing Stock
Rental Trends — Burbank, CA
As of July '25, Rentcast reports the average rent in Burbank, CA is $3,280, with a year-over-year rent change of -11.4%. Per bedroom, the median rent as of July '25 in Burbank, CA is studios: $1,890, 1-bedrooms: $2,280, 2-bedrooms: $3,270, 3-bedrooms: $5,330, 4-bedrooms: $5,790. The most common rental property sizes in Burbank, CA are 2-bedroom and 1-bedroom, accounting for 37.6% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,280 |
| Studio Rent | $1,900 | $1,890 |
| 1 Bed Rent | $2,280 | $2,280 |
| 2 Bed Rent | $3,000 | $3,270 |
| 3 Bed Rent | $5,500 | $5,330 |
| 4 Bed Rent | $5,300 | $5,790 |
% 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 45. This is a increase of 6.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,250,000 | 1.0% |
Listing Count | 62 | 10.0% |
| Listings as % of Homes | 0.2% | 10.0% |
Days on Market | 45 | 6.0% |
Demographics — Burbank, CA
As of the latest ACS Survey released in 2023, Burbank, CA has a population of 31,800, which has increased by 3.8% over the past 5 years. Burbank, CA is a moderately popular place for families, as children make up 20.1% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,800 | 3.8% |
% Under 18 | 20.1% | 5.8% |
% Seniors | 12.7% | -3.8% |
% WFH | 28.4% | 283.8% |
% w/ College Degree | 46.9% | 6.1% |
As of the latest ACS Survey released in 2023, Burbank, CA is a predominantly white area, with 49.6% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Burbank, CA is hispanic, making up 29.4% of the population. Foreign-born residents account for 17.9% of the population in Burbank, CA, and this percentage has decreased by 26.0% 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 | 49.6% | -8.8% |
% Black | 3.4% | 13.3% |
% Hispanic | 29.4% | 16.2% |
% Asian | 10.6% | -14.5% |
% Foreign Born | 17.9% | -26.0% |
Mortgage and Risk — Burbank, CA
According to HUD data as of 2023, there were 334 mortgage originations in Burbank, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Burbank, CA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 334 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Burbank, CA
As of 2024, the percent of homes in Burbank, CA under the Section 8 program is 1.2%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Burbank, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 91 |
Total Units Section 8 | 91 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $2,280 | $2,740 |
| 2 Bedroom | $460 | $3,000 | $3,460 |
| 3 Bedroom | -$1,100 | $5,500 | $4,400 |
| 4 Bedroom | -$430 | $5,300 | $4,870 |
Affordability — Burbank, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.1 |
| Median Home Price | $1,099,000 |
| Median Household Income | $106,000 |