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These days, finding an affordable place to live in the Burbank area can be challenging. Home prices in Burbank are now at a median cost of $302,076, lower than the Florida average of $396,783.
The average cost of rent is $1,187/mo in Burbank, primarily driven by the current value of real estate in the Burbank area. In Burbank, 9.09% of households rent, and 52.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Burbank is $8,390 per month. Households that rent pay about 14.15% of their income on rent here. Burbank’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Ocala, FL: equally priced homes
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Cities with Similar Populations
- Million, KY: equally priced homes
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- Moore, ID: less expensive homes
- Monte Nido, CA: higher priced homes
- North Sutton, NH: higher priced homes
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