The housing market in Burbank, OK is steadily increasing in value. The median house value in the city is currently $63,000, which is significantly lower than the US median of $338,100. Furthermore, while the US house appreciation rate for the past year was 8.27%, Burbank's was higher at 13.34%. This demonstrates that there is an active and growing housing market in Burbank that is likely to continue appreciating in value over time.
The median home cost in Burbank is $63,000. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Burbank is up 14.5%.
Average Age of Homes
- The median age of Burbank real estate is 69 years old
The Rental Market in Burbank
- Renters make up 20.9% 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.