Housing in 91505 Burbank, CA is quite expensive compared to the national average. The median value of housing in this zip code is an impressive $1,062,800, which is more than three times the US median house value of $338,100. While house prices nationally have seen an appreciation rate of 8.27% in the past year, homes in 91505 Burbank have appreciated at a slightly lower rate of 7.39%. Investing in real estate in this area can be quite lucrative as values continue to rise steadily despite a more moderate appreciation rate compared to other parts of the country.
The median home cost in Burbank (zip 91505) is $1,062,800. Home appreciation the last 10 years has been 119.9%. Home Appreciation in Burbank (zip 91505) is up 13.0%.
Average Age of Homes
- The median age of Burbank (zip 91505) real estate is 68 years old
The Rental Market in Burbank (zip 91505)
- Renters make up 51.6% of the Burbank (zip 91505) population
- 3.3% of houses and apartments in Burbank (zip 91505), 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.