The housing market in Burbank, MN is thriving. The median value of a home in the area is $351,800 which is slightly higher than the US national median value of $338,100. In addition, the 1 year appreciation rate for homes in Burbank is 11.01%, which is higher than the national appreciation rate of 8.27%. This indicates that investing in a home here could be a sound decision both now and into the future.
The median home cost in Burbank is $351,800. Home appreciation the last 10 years has been 67.6%. Home Appreciation in Burbank is up 13.0%.
Average Age of Homes
- The median age of Burbank real estate is 29 years old
The Rental Market in Burbank
- Renters make up 4.5% of the Burbank population
- 0.0% 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.