Burbank, WA—99323
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burbank, WA
As of Oct '25, the median home price in Burbank, WA is $466,000, with a year-over-year change of 2.1%. This indicates that home prices in Burbank, WA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $466,000 | 2.1% |
| Single Family | $466,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $291,000 | -1.4% |
3 Bed | $473,000 | 1.9% |
4 Bed | $580,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burbank, WA
Burbank, WA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,600 | $1,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burbank, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Burbank, WA is 158. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter 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 | $690,000 | -6.0% |
Listing Count | 8 | 50.0% |
| Listings as % of Homes | 0.2% | 50.0% |
Days on Market | 158 | -6.0% |
Demographics — Burbank, WA
As of the latest ACS Survey released in 2023, Burbank, WA has a population of 4,200, which has increased by 6.8% over the past 5 years. Burbank, WA is a popular place for families, as children make up 31.7% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,200 | 6.8% |
% Under 18 | 31.7% | 24.8% |
% Seniors | 12.8% | -12.9% |
% WFH | 8.1% | 131.4% |
% w/ College Degree | 22.3% | 23.2% |
As of the latest ACS Survey released in 2023, Burbank, WA is a predominantly white area, with 65.5% of the population identifying as white. The white population has shrunk by 14.6% in the last 5 years. The second most common race or ethnicity in Burbank, WA is hispanic, making up 30.3% of the population. Foreign-born residents account for 11.8% of the population in Burbank, WA, and this percentage has increased by 93.4% 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 | 65.5% | -14.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 30.3% | 60.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 11.8% | 93.4% |
Mortgage and Risk — Burbank, WA
According to HUD data as of 2023, there were 82 mortgage originations in Burbank, WA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Burbank, WA. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Burbank, WA
Burbank, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,370 |
| 3 Bedroom | $290 | $1,600 | $1,890 |
| 4 Bedroom | N/A | N/A | $2,300 |
Affordability — Burbank, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $466,000 |
| Median Household Income | $86,600 |