Housing
According to the 2000 Census report, Burbank has about 42,847 housing units for a city of 100,316 people. Of these 42,847 housing units, 23,479 are rental units.
An average of 2.21 members live in each rental unit of 3.23 rooms. The median year the average rental structure was built is 1966. Most renters moved into their homes in 1997. In occupied rental units, the average monthly rental cost is $700. Landlords are currently asking for a monthly rent of $789 for vacant rental units. Average rent that includes utilities as well is $1,306 a month.
Owner-occupied housing, a total of 18,129 units, makes up 42.3% of housing in Burbank. This is lower than the percentage of renter-occupied housing units which is 54.8%.
The average owner-occupied home was built in 1947 with the average owner moving into the home in 1988. Owner-occupied homes have an average of 2.63 household members per 5.61 rooms. The median value of the average owner-occupied home is $249,200.
Most owners (65.9%) have a mortgage on their home. A smaller percentage (16.7%) of house owners have a second mortgage on their homes. Average mortgage cost is $1,663. Vacant homes for sale are valued slightly less than occupied homes and cost on average $240,400.