The housing market in Burbank, CA has seen a steady increase in median value over the past year, with the current median value standing at $1,109,600. Compared to the US House Median Value of $338,100 this is significantly higher and demonstrates that housing prices in Burbank are far above the national average. The 1 year house appreciation rate for Burbank is 7.39%, slightly lower than the national rate of 8.27%. This suggests that while house prices are increasing in Burbank, it is not as quickly as some other areas in the United States.
The median home cost in Burbank is $1,109,600. Home appreciation the last 10 years has been 119.9%. Home Appreciation in Burbank is up 13.0%.
Average Age of Homes
- The median age of Burbank real estate is 58 years old
The Rental Market in Burbank
- Renters make up 55.5% of the Burbank population
- 2.7% of houses and apartments in Burbank, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.