Why Live in Burbank
Known as the "Media Capital of the World," Burbank's entertainment legacy lives on through Warner Bros. Studios, Walt Disney Studios, and Nickelodeon. Residents enjoy exclusive access to entertainment experiences like the Warner Bros. Studio Tour Hollywood and live performances at the intimate Colony Theatre. The Starlight Bowl, nestled in the Verdugo Mountains, hosts summer concerts under the stars, while Downtown Burbank buzzes with shopping at the Burbank Town Center and dining spots like Porto's Bakery, famous for its Cuban pastries.
The housing market features diverse options across distinct neighborhoods. Single-family homes in the prestigious Hillside District command a median price of $1,510,000, while the Northwest District presents more affordable options with a median price of $1,075,000. Downtown Burbank attracts condo buyers, with one-bedroom units at a median price of $570,000 and two-bedroom units at $815,000. The Media District, home to major studios, has single-family homes at a median price of $1,300,000.
Property taxes in Burbank remain consistent with Los Angeles County at 0.69%. The city maintains excellent schools, including Walt Disney Elementary School and Burbank High School, both rated A by Niche. Private education options include the A+ rated Wesley School and Village Christian School. Commuters benefit from direct access to Interstate 5 and State Route 134, with downtown Los Angeles just 12 miles away. The Mediterranean climate delivers 287 sunny days annually, perfect for exploring Verdugo Park's sports facilities or hiking the Brandywine Canyon Trail. Woodbury University adds an academic presence to this entertainment-focused community.
Home Trends in Burbank, CA
On average, homes in Burbank, CA sell after 29 days on the market compared to the national average of 50 days. The median sale price for homes in Burbank, CA over the last 12 months is $1,166,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$1,166,000
Median Single Family Sale Price
$1,331,500
Median Townhouse Sale Price
$1,145,000
Median 2 Bedroom Sale Price
$725,000
Median 1 Bedroom Sale Price
$542,000
Average Price Per Sq Ft
$801
Number of Homes for Sale
134
Last 12 months Home Sales
1,108
Median List Price
$1,195,591
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%