Universal City (Burbank), CA

Population: 104,709
Average annual home appreciation rate: 12.47%
Total of homes for sale in this market: 229
Median home price: $701,028
Median Rent: $1,593 per room
Home price range: 44.62% of homes are between $632,001 – $948,000
Median sales price: No data
Number of homes: 123
Median foreclosure sales price: $533,000
Foreclosure discount: No data
Most common home type: 44.95% of homes are Single Family Detached
Number of vacant homes: 4.87%
Number of renters: 57.80%
Number of owner occupied: 42.20%
Number people living below poverty level: 9.39%
Unemployment rate: 5.70%
Is this area perfect for real estate deals going on right now? The prices of the homes in Burbank are higher than what most investors look for… but in the Burbank market, based on the high appreciation rate in the market, and the high amount of renters in the market, and lastly, the HIGH rental rates for renting in this market have have made it a hotspot for investors despite the home prices.

Leave a Reply

Your email address will not be published. Required fields are marked *