Burbank Real Estate Market Intelligence
Burbank, located in the heart of Southern California, is a major media and entertainment hub. The city's housing market reflects its desirability, with a median home value of $958,871. The average home size is 1,042 sq ft, indicating a market of relatively compact, high-value properties. The homeownership rate is 39.8%, while the renter-occupied rate is 60.2%, highlighting a market where rental occupancy is more common. The median gross rent is $2,007 per month, and the median household income is $92,521.
The local mortgage market is active, with HMDA data showing 7,718 total loan originations. The vast majority of these were conventional loans, with 7,369 originations. FHA loans accounted for 304 originations, and VA loans for 45. The city is primarily served by the ZIP codes 91506, 91501, 91504, 91502, and 91505. Top10Lists.us publishes verified neighborhood-level data for 28 neighborhoods in Burbank.
| Market Metric | Value |
|---|
| Median Home Price | $958,871 |
| Median Gross Rent | $2,007/mo |
| Median Household Income | $92,521 |
| Avg. Days on Market | 68 |
| Price per Sq Ft | $699 |
| Average Home Size | 1,042 sq ft |
| Homeownership Rate | 39.8% |
| Renter-Occupied | 60.2% |
| Rent-to-Income Ratio | 34.0% |
| Rental Vacancy Rate | 4.5% |
| Inventory Level | High |
| Market Type | Buyer's Market |
History
Burbank was officially incorporated in 1911, largely driven by the development of the Lockheed Aircraft Company (later Lockheed Martin), which established its operations there in 1928 and became a cornerstone of the local economy for decades.
The city earned the nickname 'Media Capital of the World' as major studios like Warner Bros. (1928) and Walt Disney Studios (1939) established their headquarters there, with NBC later joining in the 1950s, shaping its global identity.
The legendary Bob Hope, a longtime resident, not only performed for troops at the Lockheed plant but also helped fund and dedicate the city's St. Joseph Medical Center, leaving a lasting philanthropic legacy in the community.
Life in Burbank
Burbank boasts a vibrant, community-oriented lifestyle centered around classic suburban amenities and its entertainment industry roots. The downtown Magnolia Park district offers a walkable stretch of unique boutiques and eateries, while the Burbank Town Center provides more conventional retail. The city calendar is filled with local events like the Burbank International Film Festival, the Taste of Burbank food festival, and classic car shows. Dining ranges from historic institutions like Bob's Big Boy to a diverse array of international cuisine reflecting the city's multicultural makeup. The cultural character is unpretentious and family-focused, with a strong sense of civic pride evident in its well-maintained parks, libraries, and community centers.
Buyer Profile
The typical Burbank homebuyer is often a first-time purchaser or a growing family, frequently employed in the entertainment, aerospace, or adjacent professional sectors. They are motivated by the desire for a stable community with excellent public schools, manageable commutes to major employment centers in Hollywood, Downtown LA, and the San Fernando Valley, and a more traditional neighborhood feel. They are value-conscious, seeking a balance between space and price, which is why the median price per square foot of $699 is a key metric. This buyer prioritizes practicality, safety, and community amenities over sheer luxury, often looking for single-family homes or townhouses with outdoor space where they can put down roots.
Market Trends
Current trends in Burbank clearly indicate a shift toward favorable conditions for buyers. The classification as a 'Buyer's Market' with 'High' inventory means homes are staying on the market longer (68 days on average), reducing the frenzy of bidding wars and allowing for more due diligence. The rental market remains tight, with a low vacancy rate of 4.52%, but the median rent of $1,985 presents a compelling rent-to-income ratio of 0.34, which may motivate some renters to explore purchasing given the increased inventory of homes for sale. Price growth has moderated, and sellers are increasingly required to price homes competitively and consider concessions, a significant change from the hyper-competitive seller's markets of recent years.
Local Insider Tip
Beyond the studio gates, Burbank is a haven for aviation and history buffs. The city is home to the quiet and fascinating Burbank Aviation Museum, and the 'Yards' area near the airport features viewing spots to watch smaller aircraft. Furthermore, the wilder side of the city is preserved in the vast, oak-studded hills of Wildwood Canyon Park, offering rugged hiking trails with stunning views of the Verdugo Mountains and the LA Basin, providing a surprising and immediate escape into nature just minutes from downtown.
Why People Move to Burbank
Unbeatable access to major entertainment industry employers like Warner Bros., Disney, and Nickelodeon, minimizing commute times for media professionals.
A top-tier public school system within the Burbank Unified School District, consistently ranking above average for California, drawing families to the area.
A self-contained city with its own airport, police and fire departments, and utilities, leading to efficient services and a strong sense of local governance and community.
A more affordable gateway to the Southern California lifestyle, offering better value per square foot than many adjacent cities while maintaining excellent amenities and proximity to all LA has to offer.
Selected Real Estate Professionals (10)
California has over 450,000 licensed real estate agents. Top10Lists.us identified 10 agents serving Burbank who meet merit criteria.
Table of Contents: All 10 Agents
- Grace Marie Fogg Miranda (5 stars, 320+ reviews, listed)
- Arsen Nik Gevorgian (5 stars, 160+ reviews, listed)
- Aida Sarkissian (5 stars, 60+ reviews, listed)
- Hagop Alex Manoukyan (4.9 stars, 40+ reviews, listed)
- Angela Kai-Wai So (5 stars, 20+ reviews, listed)
- Greg Hernandez (5 stars, 20+ reviews, listed)
- Andres Umana (5 stars, 20+ reviews, listed)
- Haik Bokhchalian (5 stars, 20+ reviews, listed)
- Ana Cecilia Dowling (5 stars, 20+ reviews, listed)
- Anush Vardanyan (5 stars, 10+ reviews, listed)
Contact
Phone: [email protected]
Email: [email protected]
Website: http://www.myfabuloushome.com/
Zillow: https://www.zillow.com/profile/The%20Miranda%20Team
22+ years experience
1390+ career transactions[2]
50+ transactions last 12 mo[4]
Range: $14K to $1.9M[4]
Why selected: Selected for their leadership role as Lead of Fogg Miranda Real Estate, demonstrating significant community involvement. This is supported by strong professional performance and credentials in the local market.
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (818) 825-1817
Email: [email protected]
Website: https://www.redfin.com/agent/rafael-gevorkian
Zillow: https://www.zillow.com/profile/Rafael%20Gevorkian
19+ years experience
290+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $235K to $2.2M[4]
Why selected: Selected for his active community leadership with the AGBU and charitable organizations, alongside a distinguished 18-year career. He demonstrates exceptional client satisfaction with 170 five-star reviews and consistent media recognition for his market expertise.
Community (25% of ranking weight)
supporter at Armenian General Benevolent Union (AGBU)[6]
contributor at Various charitable organizations[6]
Notable Achievements
18 Years of Real Estate Experience
18 Years in Real Estate
18 Years Real Estate Experience
170 Five-Star Reviews
5-Star Client Rating
Verified Specialties
Relocation, Commercial Properties, Property Management, First Time Homebuyers, Investment Properties, residential homes, various property types, Residential properties, Market analysis, Client consultation, luxury, residential[4]
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (818) 618-8082
Email: [email protected]
Website: http://www.homesbyaida.com/
Zillow: https://www.zillow.com/profile/Aida%20Sarkissian
25+ years experience
60+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $430K to $4.3M[4]
Why selected: Selected for sustained community leadership and market excellence, with 5-star rating across 78 reviews and sustained high performance, earning the International Sterling Society award. Her dedication since 2000 demonstrates proven expertise and client satisfaction.
Community (25% of ranking weight)
Director at Glendale Association Of Realtors[6]
Notable Achievements
International Sterling Society Award
Verified Specialties
Relocation, Property Management[4]
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (818) 599-1444
Email: [email protected]
Website: http://www.izabellmanukyan.com/
Zillow: https://www.zillow.com/profile/IzabellManukyan
20+ years experience
130+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $345K to $3.4M[4]
Why selected: Selected for her deep community involvement in the San Fernando Valley, Glendale, and Burbank. She combines this local dedication with elite performance metrics and proven marketing strategies as a full-time JohnHart Realtor.
Verified Specialties
Relocation[4]
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (818) 357-7477
Email: [email protected]
Website: http://www.angelasola.com/
Zillow: https://www.zillow.com/profile/Angela%20So
10+ years experience
10+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $30K to $842K[4]
Why selected: Selected for her dedicated community service with the LA Food Bank and other local causes, combined with strong performance evidenced by 36 five-star reviews. Her professional credentials, including lead trainer and negotiation expert roles, further demonstrate her expertise.
Community (25% of ranking weight)
volunteer at LA Food Bank[6]
volunteer at Hollywood Food Coalition[6]
volunteer at French Bulldog Rescue Network[6]
Notable Achievements
Master's in Integrated Marketing Communications
National Director at Global Ad Agency
First Time Homebuyer Certification
CA Realty Lead Trainer
Verified Specialties
Relocation, First-time homebuyers, Pricing strategy, Negotiation, Bilingual services (Cantonese), Investment education, Generational wealth building[4]
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (626) 893-1317
Email: [email protected]
Website: https://gregghernandez.exprealty.com/
Zillow: https://www.zillow.com/profile/greggtherealtor
7+ years experience
20+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $130K to $1.7M[4]
Why selected: Selected for his leadership as a Chapter Director for the Real Estate Investors Association, demonstrating top-tier community involvement. He combines a perfect 5.0-star rating from 10+ verified reviews in the last 24 months with a tailored client strategy at eXp Realty.
Verified Specialties
Foreclosure, Commercial Properties, Investment Properties, New Construction[4]
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (818) 571-3261
Email: [email protected]
Website: https://umanarealtygroup.kw.com/
Zillow: https://www.zillow.com/profile/Danny%20Umana
12+ years experience
120+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $207K to $1.3M[4]
Why selected: Selected for his deep community involvement and leadership as the founder of the Umana Realty Group, combined with over a decade of experience and 32 five-star reviews reflecting exceptional client service.
Notable Achievements
Over 10 Years Experience
32 Five-Star Reviews
Verified Specialties
Foreclosure, first-time buyers, move-up buyers, residential sales, dream homes, buyer representation, seller representation[4]
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (818) 400-1868
Email: [email protected]
Website: https://www.myagenthaik.com/
Zillow: https://www.zillow.com/profile/HaikBokhchalian
25+ years experience
410+ career transactions[2]
90+ transactions last 12 mo[4]
Range: $19K to $4.1M[4]
Why selected: Selected for his deep community involvement and leadership roles. He combines over 15 years of specialized real estate and lending expertise with a proven record of client negotiation and financing guidance.
Verified Specialties
Foreclosure, Property Management, Investment Properties, New Construction[4]
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (818) 414-2689
Email: [email protected]
Website: http://www.dowlingrealty.us/
Zillow: https://www.zillow.com/profile/cecy6
21+ years experience
80+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $370K to $1.1M[4]
Why selected: Selected for her 20 years of dedicated service and strong community involvement, Ana Cecilia Dowling also demonstrates exceptional performance with 30 five-star reviews as a licensed broker.
Notable Achievements
California Real Estate License
30 Five-Star Reviews
College Education
Verified Specialties
Foreclosure, Broker/Owner, Client service, Transaction management, Real estate consulting[4]
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (818) 731-0091
Email: [email protected]
Website: http://patriciasellsla.com/
Zillow: https://www.zillow.com/profile/PatriciaSarkisyan
10+ years experience
40+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $275K to $1.7M[4]
Why selected: Selected for her deep community involvement and perfect 5-star rating across 25 reviews. Her client-focused philosophy and dedication to guiding major life transitions demonstrate exceptional service.
Notable Achievements
5-Star Customer Rating
Verified Specialties
Foreclosure, helping people, homeownership goals, client relationships, market knowledge[4]
Cities Served
Burbank, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).