Burbank, CA—91506
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 $1,180,000, with a year-over-year change of -2.9%. 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 | $1,180,000 | -2.9% |
| Single Family | $1,193,000 | -3.4% |
| Condos | $691,000 | -6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $792,000 | -6.7% |
2 Bed | $1,036,000 | -3.4% |
3 Bed | $1,234,000 | -3.1% |
4 Bed | $1,419,000 | -2.1% |
| 5 Bed | $1,582,000 | -3.4% |
% of Housing Stock
Rental Trends — Burbank, CA
As of July '25, Rentcast reports the average rent in Burbank, CA is $3,490, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Burbank, CA is studios: $1,660, 1-bedrooms: $1,930, 2-bedrooms: $3,570, 3-bedrooms: $4,790, 4-bedrooms: $6,500. The most common rental property sizes in Burbank, CA are 2-bedroom and 1-bedroom, accounting for 37.8% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,490 |
| Studio Rent | $1,600 | $1,660 |
| 1 Bed Rent | $1,900 | $1,930 |
| 2 Bed Rent | $3,500 | $3,570 |
| 3 Bed Rent | $4,500 | $4,790 |
| 4 Bed Rent | $6,500 | $6,500 |
% 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 54. This is a increase of 23.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,460,000 | -8.0% |
Listing Count | 30 | 55.0% |
| Listings as % of Homes | 0.2% | 55.0% |
Days on Market | 54 | 23.0% |
Demographics — Burbank, CA
As of the latest ACS Survey released in 2023, Burbank, CA has a population of 18,800, which has increased by 1.1% over the past 5 years. Burbank, CA is a moderately popular place for families, as children make up 16.5% of the population. The area has a highly educated workforce, with 47.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,800 | 1.1% |
% Under 18 | 16.5% | -8.3% |
% Seniors | 17.3% | 6.8% |
% WFH | 31.9% | 298.7% |
% w/ College Degree | 47.1% | 19.2% |
As of the latest ACS Survey released in 2023, Burbank, CA is a predominantly white area, with 53.1% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Burbank, CA is hispanic, making up 25.3% of the population. Foreign-born residents account for 23.2% of the population in Burbank, CA, and this percentage has increased by 8.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.1% | -7.2% |
% Black | 1.6% | 14.3% |
% Hispanic | 25.3% | -8.0% |
% Asian | 15.1% | 37.3% |
% Foreign Born | 23.2% | 8.9% |
Mortgage and Risk — Burbank, CA
According to HUD data as of 2023, there were 217 mortgage originations in Burbank, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Burbank, CA. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Burbank, CA
As of 2024, the percent of homes in Burbank, CA under the Section 8 program is 4.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Burbank, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 119 |
Total Units Section 8 | 118 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,900 | $2,150 |
| 2 Bedroom | -$790 | $3,500 | $2,710 |
| 3 Bedroom | -$1,060 | $4,500 | $3,440 |
| 4 Bedroom | -$2,680 | $6,500 | $3,820 |
Affordability — Burbank, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.6 |
| Median Home Price | $1,180,000 |
| Median Household Income | $107,000 |