Burbank, San Jose, CA—95128
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burbank, San Jose, CA
As of Oct '25, the median home price in Burbank, San Jose, CA is $1,414,000, with a year-over-year change of -1.4%. This indicates that home prices in Burbank, San Jose, CA are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,414,000 | -1.4% |
| Single Family | $1,489,000 | -1.4% |
| Condos | $761,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $637,000 | -5.8% |
2 Bed | $1,035,000 | -2.3% |
3 Bed | $1,481,000 | -1.4% |
4 Bed | $1,782,000 | -0.6% |
| 5 Bed | $1,930,000 | -0.5% |
% of Housing Stock
Rental Trends — Burbank, San Jose, CA
As of July '25, Rentcast reports the average rent in Burbank, San Jose, CA is $3,120, with a year-over-year rent change of -9.3%. Per bedroom, the median rent as of July '25 in Burbank, San Jose, CA is studios: $2,430, 1-bedrooms: $2,420, 2-bedrooms: $3,440, 3-bedrooms: $4,440, 4-bedrooms: $5,600. The most common rental property sizes in Burbank, San Jose, CA are 1-bedroom and 2-bedroom, accounting for 36.6% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,120 |
| Studio Rent | $2,370 | $2,430 |
| 1 Bed Rent | $2,100 | $2,420 |
| 2 Bed Rent | $3,000 | $3,440 |
| 3 Bed Rent | $4,460 | $4,440 |
| 4 Bed Rent | $5,600 | $5,600 |
% of Rental Stock
Property Listings — Burbank, San Jose, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Burbank, San Jose, CA is 44. This is a increase of 14.0% 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 | $1,240,000 | 2.0% |
Listing Count | 39 | 13.0% |
| Listings as % of Homes | 0.2% | 13.0% |
Days on Market | 44 | 14.0% |
Demographics — Burbank, San Jose, CA
As of the latest ACS Survey released in 2023, Burbank, San Jose, CA has a population of 33,600, which has decreased by -10.8% over the past 5 years. Burbank, San Jose, CA is a moderately popular place for families, as children make up 18.1% of the population. The area has a highly educated workforce, with 51.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,600 | -10.8% |
% Under 18 | 18.1% | -13.4% |
% Seniors | 14.4% | 21.0% |
% WFH | 18.9% | 302.1% |
% w/ College Degree | 51.8% | 22.2% |
As of the latest ACS Survey released in 2023, Burbank, San Jose, CA is a predominantly white area, with 38.2% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Burbank, San Jose, CA is hispanic, making up 30.3% of the population. Foreign-born residents account for 34.1% of the population in Burbank, San Jose, CA, and this percentage has increased by 12.9% 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 | 38.2% | 1.1% |
% Black | 3.2% | -28.9% |
% Hispanic | 30.3% | -19.0% |
% Asian | 22.4% | 44.5% |
% Foreign Born | 34.1% | 12.9% |
Mortgage and Risk — Burbank, San Jose, CA
According to HUD data as of 2023, there were 257 mortgage originations in Burbank, San Jose, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Burbank, San Jose, CA. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 257 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Burbank, San Jose, CA
As of 2024, the percent of homes in Burbank, San Jose, CA under the Section 8 program is 6.6%. 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, San Jose, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 572 |
Total Units Section 8 | 572 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 93.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $650 | $2,100 | $2,750 |
| 2 Bedroom | $180 | $3,000 | $3,180 |
| 3 Bedroom | -$330 | $4,460 | $4,130 |
| 4 Bedroom | -$1,100 | $5,600 | $4,500 |
Affordability — Burbank, San Jose, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.4 |
| Median Home Price | $1,414,000 |
| Median Household Income | $123,000 |