Burbank, IL Real Estate
According to census data in the year 2000 there were 9,530 housing units in Burbank.
This represents a 2.5% growth from 9,298 in 1990.
Of those housing units, 9,530 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Burbank is about 82.8%.
Burbank's vacancy rate, including seasonal lodging, is about 2.3%.
Average household size is 2.97 people.
The majority of houses, apartments or condos in Burbank were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 6.30% |
| Two Bedrooms | 19.50% |
| Three Bedrooms | 55.40% |
| Four Bedrooms | 14.90% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.09 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $137,800 |
| Median Price asked for vacant units | $127,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $651 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 50.40% |
| Debt Free | 37% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
