Housing in Burbank

A typical Burbank home is worth roughly $1,136,000

Home prices around Burbank have risen about 23% over the past 5 years.

Typical home value

$1.14M

▼ 3.7% in a year · CA $764K

Estimate

2-bedroom rent

$3,430

a month, utilities in · HUD

Median tax bill

$7,408

CA $5,124

What kind of housing town is Burbank?

Read from the numbers below. The page puts what stands out first.

Pricier than CA49% above the California typical home.Prices coolingDown 3.7% in a year.Older homesThe typical home was built around 1946.

★ What stands out · Affordability

A typical home costs 8.4 years of income

More than across California (7.7 years). Try your own numbers below.

You could afford about

$543,000

Typical Burbank home $1.14M

That’s $593K short of a typical Burbank home.

The typical home, each month

$6,590

Loan $5,630Tax $640Insurance $330

A two-bedroom rents for about $3,430 a month here, $3,160 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Burbank’s typical property tax (0.67% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 23% in 5 years

The federal house price index for the ZIP code around Burbank rose 23% over the past 5 years, slower than across California (40%). Last year prices fell 3.7%. Carrying the Census median home value forward with that index puts the typical Burbank home at roughly $1,136,000 today.

Burbank areaCalifornia

−3.7%

past year

+23%

past 5 years

+64%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $1.14M.

How Burbank ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Burbank, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

The homes

58% of Burbank households own their home

Half of Burbank’s homes were built before 1946.

Owners and renters

Own 58%Rent 42%

California: 56% own.

1946

typical home built · CA 1976

$7,408

median property tax bill · CA $5,124

0.67%

of a home’s value, a year in tax · CA 0.70%

U.S. Census Bureau, American Community Survey 2020-2024.

Renting

A two-bedroom rents for about $3,430

Renters already here pay a median of $2,566, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$2,580

1 bedroom$2,940

2 bedrooms$3,430

3 bedrooms$4,530

4 bedrooms$4,930

42%

of households rent · CA 44%

775

renter households

54%

of renters spend 30%+ of income on rent · CA 55%

31%

of the median income, for a two-bedroom

$2,566

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Neighbors talk housing

What Burbank buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Burbank still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.