The story of this market
The typical home in Burbank, California sells for about $1,089,100, or $750 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $2,192 a month.
Monthly price momentum
Home values since 2015
+0.5%
CA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Burbank, California
Burbank's housing market remains robust, characterized by high demand and limited inventory, which continues to drive price appreciation. The city's strong economic foundation, anchored by the entertainment industry, provides long-term stability for property values. While affordability remains a challenge, the consistent demand from professionals and families supports a positive outlook for the local real estate market.
No ARED county foreclosure postings attributed to Burbank yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 1.0% year over year.
Homes spend a median of 32 days on market with 1.9 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 91.38% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.4% · poverty 10.7% — a stable, low-distress profile.
- Universal Studios Hollywood4.64.1 mi
- Six Flags Magic Mountain4.523.5 mi
- Universal CityWalk Hollywood4.64.1 mi
- Kidspace Children's Museum4.68.4 mi
- Round1 Bowling & Arcade - Burbank4.30.3 mi
- Dodger Stadium4.78.4 mi
- SoFi Stadium4.615.9 mi
- Crypto.com Arena4.79.9 mi
- Rose Bowl Stadium4.48.1 mi
- Kia Forum4.515.6 mi
- Universal Studios Hollywood4.64.1 mi
- Griffith Observatory4.74.4 mi
- Dodger Stadium4.78.4 mi
- Hollywood Sign4.63.4 mi
- The Getty4.811.9 mi
- Griffith Observatory4.74.4 mi
- Santa Monica Pier4.616.2 mi
- Hollywood Sign4.63.4 mi
- The Getty4.811.9 mi
- Hollywood Walk of Fame45.7 mi
- The Huntington Library, Art Museum, and Botanical Gardens4.811.6 mi
- Lake Hollywood Park4.74 mi
- Los Angeles Zoo4.32.6 mi
- Descanso Gardens4.75.7 mi
- Griffith Park4.73.2 mi
- Rancho Park Golf Course & Driving Range4.211.4 mi
- Monterey Park Golf Club4.411.9 mi
- Wilson & Harding Golf Courses4.22.8 mi
- Scholl Canyon Golf Course4.26.3 mi
- Penmar Golf Course4.214.9 mi
- The Grove4.68.1 mi
- Citadel Outlets4.515 mi
- Westfield Century City4.510.6 mi
- Glendale Galleria4.53.8 mi
- Grand Central Market4.59.7 mi
- Los Angeles International Airport3.917.5 mi
- Hollywood Burbank Airport4.43.1 mi
- Long Beach Airport4.626.8 mi
- Van Nuys Airport4.610.4 mi
- Santa Monica Airport4.713.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A popular multi-use trail that provides a scenic route for cyclists and pedestrians through the city. It serves as a key community asset for active living.
A historic district known for its vintage shops, boutiques, and local eateries. It is a major destination for residents and visitors alike.
Provides extensive hiking trails and open space, offering residents a natural escape from the urban environment. It is a significant factor in the city's quality of life.
Home to major production facilities including Warner Bros. and Disney, which anchor the local economy and provide a unique cultural identity.
Burbank is ideal for families seeking high-quality schools and a safe environment, as well as entertainment industry professionals who value proximity to major studios. It also attracts commuters who benefit from its central location in the San Fernando Valley. The city is less suited for those seeking low-cost housing, as the market is consistently expensive.
The Burbank Unified School District is highly regarded, with many schools consistently achieving high performance ratings. The district emphasizes strong academic programs and community involvement, contributing to the city's appeal for families. Local schools are frequently cited as a primary driver for residential property demand.
Burbank is served by the Hollywood Burbank Airport and multiple Metrolink lines, providing regional connectivity. The city is also accessible via major highway corridors including the I-5 and SR-134. Commute times are generally consistent with the broader Los Angeles metropolitan area.
Burbank offers an extensive amenity base including the Chandler Bikeway, numerous public parks, and the Starlight Bowl for outdoor entertainment. Residents have easy access to the Verdugo Mountains for hiking and recreation, while the Magnolia Park district provides a unique, walkable shopping and dining experience. The city's proximity to major studios also supports a vibrant local culture.
The rental market in Burbank is characterized by high demand and low vacancy rates, driven by the city's employment base in the entertainment industry. Rent growth has remained steady, though affordability is a challenge for many households. Investor interest is strong, particularly for multi-family properties near transit corridors.
Burbank's economy is heavily concentrated in the entertainment and media sectors, with major employers including The Walt Disney Company and Warner Bros. Discovery. The city maintains a strong economic base with low unemployment relative to the state average. Continued investment in studio infrastructure supports ongoing job creation.
Burbank serves as a major media and entertainment hub, anchored by the presence of The Walt Disney Company, Warner Bros., and Nickelodeon. Infrastructure investment remains steady, with ongoing efforts to modernize the Hollywood Burbank Airport and expand transit-oriented development. The city's economic momentum is driven by its status as a global center for content production.
The city is actively pursuing transit-oriented development projects near the downtown area and the Metrolink station. These initiatives aim to increase housing density and improve walkability. Major projects are focused on balancing residential growth with the city's industrial and commercial needs.
Parcels in Burbank are subject to standard municipal property taxes and school district levies. Some areas may fall within specific utility or flood control districts managed by Los Angeles County. There are no significant MUD or PID districts commonly associated with new residential developments in this established city.
Burbank generally reports lower crime rates compared to the broader Los Angeles County average, benefiting from a dedicated municipal police force. Property crime remains the primary concern, though violent crime incidents are relatively infrequent. The city maintains a reputation as a safe, family-oriented community within the urban core.
Burbank faces moderate wildfire risk in its hillside areas bordering the Verdugo Mountains, necessitating strict brush clearance and building codes. While flood risk is generally low, the city is subject to standard California seismic activity protocols. Insurance premiums for homeowners have seen upward pressure due to regional wildfire exposure.
Property insurance in Burbank is influenced by regional wildfire risk, leading to higher premiums for homes in hillside areas. The market remains stable but competitive, with insurers closely monitoring hazard exposure. Homeowners are encouraged to maintain fire-resistant landscaping and structures.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau QuickFacts and ACS 5-year profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.