Burbank, CA Real Estate
According to census data in the year 2000 there were 42,847 housing units in Burbank.
This represents a 4% growth from 41,216 in 1990.
Of those housing units, 42,154 were located in either urbanized areas or urban clusters, and 693 were located in what is classified as a rural area.
Homeownership rate in Burbank is about 43.6%.
Burbank's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Burbank were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 8.80% |
| One Bedroom | 26.70% |
| Two Bedrooms | 37.60% |
| Three Bedrooms | 21.60% |
| Four Bedrooms | 4.50% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $256,400 |
| Median Price asked for vacant units | $240,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $789 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 11.20% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 55.50% |
| Debt Free | 25.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.4% |
