October's First-Time Homebuyer Report for Burbank

Burbank is older than the rest of California, with a median age of 38. It's affluent as well, with a median income of $58,308 per household. Its three largest zip codes are 91505, 91504, and 91501. The Burbank market primarily consists of detached houses, accounting for 73% of the current homes in the area. Topping the list of best schools in the city is Thomas Jefferson Elementary School.

Price Range

Homes in Burbank are generally more expensive than others in the state with a median home value of $456,100 and an average list price of $751,614. 91504 is the costliest place in the city with a median house value of 459,400. Over the last 30 days, the sale of 90 homes took place in the Burbank market. This shows a 3.4% jump from the prior period and the continuation of an emerging upward trend.

Curious as to which homes have been getting the most attention in Burbank? These listings have stirred up interest and produced the most views:

$630K   $1.1M   $1.6M  

Typical Dwelling

The typical dwelling in Burbank is a three-bedroom detached home worth about $890,861. To purchase a similar home, a buyer with good credit and a $178,172 cash down payment could obtain a mortgage with a 3.95% interest rate and a $3,093 monthly payment. The property tax rate is $7.73 per $1,000 of taxable assessed value.

Get started right now by checking out Burbank homes for sale or reviewing Burbank real estate trends.


Data reported through 10/13/2016

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