Burbank, CA 91505 Real Estate Market Report

ZIP Code: 91505
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Burbank, CA are averaging 6.37%, reflecting a market environment where rates have fluctuated significantly throughout 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary market indicator is the median sold price: 1,137,500, which represents the most reliable signal of recent transaction values and suggests realized market value is notably below asking levels in the sample where the median listing price: 1,425,000 may indicate pricing friction between seller expectations and completed transactions.

2. Despite slower turnover implied by a long median days on market: 289, the market temperature is neutral, which suggests a balanced market where sellers retain some leverage but transaction velocity is reduced and pricing movement is generally flat year-over-year.

3. Rental dynamics show upward momentum, led by a median market rent: 2,495, which may support investor interest in buy-to-rent strategies even as higher financing costs create caution among buyers.

4. Financing headwinds are present with elevated rate pressure—current local mortgage conditions are summarized as Current 30-year fixed mortgage rates in Burbank, CA are averaging 6.37%, a factor likely contributing to elevated interest rate pressure and constrained affordability for purchasers.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Burbank, CA 91505 Real Estate Market Report

ZIP Code: 91505
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Burbank, CA are averaging 6.37%, reflecting a market environment where rates have fluctuated significantly throughout 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary market indicator is the median sold price 749,500, which should be treated as the best signal of recent transaction value in the neighborhood and grounds conclusions about local pricing and liquidity; neutral market temperature suggests balanced conditions around that transaction level.

2. The median listing price 740,000 sits slightly below the median sold price, indicating listing expectations are generally in line with recent sales; the price year-over-year trend is flat, which may indicate limited upward pressure on nominal prices despite isolated transactions.

3. The median days on market 352 signals extended marketing times and suggests slower sales velocity; combined with the relatively constrained active supply in the analyzed sample, this may create pricing friction and lengthen time-to-close for sellers who push above what recent sales support.

4. Rental dynamics show median market rent 3,550 with the rent year-over-year trend up, while elevated interest rate pressure and a local 30-year fixed mortgage rate averaging 6.37% may be constraining buyer purchasing power; investors should weigh rising rents against higher financing costs before assuming yield expansion.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.