What it costs to buy in Burbank in 2026 — real market data, Warner Bros, Disney, and Nickelodeon's studio campuses, Media District and Rancho neighborhood breakdowns, and genuinely strong studio-driven employment.
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Burbank is the entertainment industry's true company town — Warner Bros Discovery alone employs roughly 10,000 people here, with Disney, Nickelodeon, and Netflix all maintaining a major presence, giving the city a genuinely stable, high-wage local employment base.
Burbank's economy is dominated by media and entertainment: Warner Bros Discovery is the city's largest employer at roughly 10,000 employees, followed by The Walt Disney Company at about 7,800, with Nickelodeon, Netflix, Cast & Crew, and Deluxe Shared Services rounding out a genuinely deep bench of studio and production employers. Hollywood Burbank Airport adds further aviation employment.
The median sale price is $1,198,707, up a modest 1.8% year over year, while price per square foot fell 5.5% to $732 — a notable divergence worth understanding before comparing specific listings. Redfin scores the market 60/100, "Somewhat Competitive," with a 100.6% sale-to-list ratio.
Census data puts Burbank's median household income at $97,082, with a 43.3% owner-occupied rate.
Roman has helped buyers close on homes throughout Los Angeles County, California. Tell him your Burbank price range and timeline.
Burbank pricing spans the walkable Magnolia Park and Downtown core to the more spacious, hillside-adjacent Burbank Hills and equestrian-zoned Rancho neighborhoods.
| Home Type | Typical Price Range | Notes |
|---|---|---|
| Condo / townhome | $550,000 – $800,000 | Entry point, concentrated near Downtown and the Media District |
| Standard single-family (Magnolia Park/Downtown) | $950,000 – $1,350,000 | Walkable, established neighborhoods |
| Media District-adjacent single-family | $1,100,000 – $1,600,000 | Close to the studio campuses |
| Burbank Hills / Rancho Equestrian | $1,500,000 – $2,800,000+ | Larger lots, hillside or equestrian-zoned properties |
Burbank's median sale price was $1,198,707 in August 2026, up a modest 1.8% year over year, while price per square foot fell 5.5% to $732 — a notable divergence that's worth understanding as a likely shift in the mix of homes sold (more smaller or more affordable units) rather than a weakening market, given days on market held flat and sale-to-list ratio stayed strong. Homes are taking a median of 41 days to sell, unchanged from a year ago, with 158 homes sold, up 2.6% year over year. Redfin scores the market 60/100, "Somewhat Competitive," with a 100.6% average sale-to-list ratio — homes are selling slightly above asking price on average.
| Metric | Burbank (last 3 mo.) | Year-Over-Year |
|---|---|---|
| Median sale price | $1,198,707 | +1.8% |
| Median price per sq ft | $732 | -5.5% |
| Homes sold | 158 | +2.6% |
| Median days on market | 41 days | 0 days |
Source: Redfin housing market data, August 2026. Figures reflect the trailing 3-month period and change year over year; local market conditions vary by neighborhood and property type.
Burbank's neighborhoods range from the walkable Magnolia Park and Downtown core to the spacious, hillside Burbank Hills and the equestrian-zoned Rancho district.
Related: See current Burbank listings and Roman's local track record
What you get at each price point, and what Roman's flat fee saves you versus a traditional 2.5% buyer's agent commission at that price.
Burbank's cost of living runs moderately above the broader San Fernando Valley average, with a solid household income base tied to the city's studio-driven employment.
Burbank's median household income is $97,082 (DataUSA, 2024 estimate), up from the prior year's $95,816, with a 43.3% owner-occupied rate, also up slightly year over year.
Standard California sales tax applies, and overall cost of living tracks close to the broader San Fernando Valley, with Burbank Hills and the Rancho Equestrian District commanding the largest premiums for lot size and privacy.
Burbank is served by Hollywood Burbank Airport, Metrolink/Amtrak rail service, and convenient freeway access via the 5 and 134.
Hollywood Burbank Airport offers a genuinely convenient alternative to LAX for many Los Angeles-area travelers. The Burbank Airport and Downtown Burbank Metrolink stations provide direct rail access toward Downtown LA and beyond, and the 5 and 134 freeways connect the city to the broader San Fernando Valley and Los Angeles basin.
Downtown Burbank and Magnolia Park support genuine walkability, while the Burbank Hills and Rancho areas are more car-dependent.
Burbank has a warm-summer Mediterranean climate typical of the San Fernando Valley — winter lows average around 45°F, while August highs average around 87.3°F. Annual rainfall runs around 17 inches, concentrated between November and March.
Burbank Hills runs slightly cooler in summer than the valley floor, a real factor for buyers weighing heat tolerance against hillside premiums.
Warner Bros Discovery, The Walt Disney Company, Nickelodeon, and Netflix anchor one of the deepest studio-driven employment bases anywhere in this guide series.
Warner Bros Discovery is Burbank's largest employer at roughly 10,000 employees, followed by The Walt Disney Company at about 7,800. Nickelodeon, Netflix, Cast & Crew, and Deluxe Shared Services add further entertainment-industry depth, while Hollywood Burbank Airport and Providence St. Joseph's Medical Center round out the city's largest employers outside entertainment.
Given this employment base, Burbank works exceptionally well for buyers with a studio, production, or media career locally, and remains workable for commuters targeting elsewhere in the San Fernando Valley or Los Angeles basin — confirm your own situation either way.
Burbank's hazard profile includes moderate wildfire exposure in hillside-adjacent Burbank Hills, with standard regional earthquake exposure applying as it does across the San Fernando Valley.
| Risk Type | Local Rating | Typical Insurance Cost |
|---|---|---|
| Wildfire (Burbank Hills / hillside-adjacent) | Moderate FHSZ | May require FAIR Plan or specialty carrier depending on specific location |
| Wildfire (flatter central and southern areas) | Low | Standard carriers generally available |
| Earthquake | Moderate (regional fault exposure) | $700 – $2,000+/yr (separate policy), varies by construction type |
Burbank is served by the Burbank Unified School District, with Burbank High School rated a strong 8/10 on GreatSchools.
| School | Level | GreatSchools Rating |
|---|---|---|
| Burbank High School | 9-12 | |
| John Burroughs High School | 9-12 | |
| Burbank Unified School District (elementary/middle, varies) | K-8 |
HOA coverage in Burbank varies by era and area: Magnolia Park and Downtown-adjacent single-family homes generally carry little or no HOA, while newer Media District condos and townhomes typically run $300 to $600 per month.
Property tax follows the usual roughly 1.1% to 1.3% of assessed value annually, reassessed to your purchase price at close. Rancho Equestrian District properties may carry additional considerations tied to equestrian zoning — confirm this as part of your due diligence if targeting that neighborhood.
On a $1,198,707 Burbank home (this market's current median), here's the traditional-vs-flat-fee comparison.
| Cost Item | Traditional Buyer | With Roman (Flat Fee) |
|---|---|---|
| Buyer's agent commission (2.5%) | $29,968 | $7,250 flat fee |
| Closing costs (escrow, title, recording) | ~$5,500 – $9,000 | ~$5,500 – $9,000 |
| Home inspection | $450 – $800 | $450 – $800 |
| Loan origination / lender fees | Varies by lender | Varies by lender |
| Net cost after flat fee credit | $29,968 (agent side) | $7,250 — you keep the ~$22,718 difference |
Related: Closing Cost Credit Explained · Buyer Rebate Explained
At the current median, Burbank purchases sit right around conforming loan limits in many cases, so confirm with your lender whether your specific target property requires jumbo financing. Budget roughly 1.5% to 2% of the purchase price for closing costs, and expect a genuinely manageable pace — Redfin's 60/100 Compete Score and 2-offer average suggest a steady, workable market.
Roman's flat fee is $7,250 at this price point, since the median sits under $1.5M. His rate rises to $9,250 only for homes at $1.5M and above, which applies to Burbank Hills and the Rancho Equestrian District. Compared to a traditional 2.5% commission that runs about $30,000 at the current median, that's a meaningful savings given Burbank's studio-driven buyer pool.
The same core steps apply anywhere in California, but Burbank's Burbank's 60/100 Compete Score and flat year-over-year days on market mean a genuinely manageable, steady pace for most buyers.
Related: Flat Fee vs. Traditional Agent · 2024 NAR Settlement Guide
First-time buyers in Burbank generally find realistic entry points across condos and smaller Media District units, where conventional or FHA financing can remain usable depending on the specific price.
Roman's first step with most first-time Burbank buyers is confirming loan type and limits given how close the city's median sits to conforming loan thresholds.
Related: Mortgage & Financing Basics
Condos and townhomes offer the most attainable entry point, generally $550K to $800K, concentrated near Downtown and the Media District.
Single-family homes range from Magnolia Park and Downtown-adjacent properties to Burbank Hills and the unique, horse-zoned Rancho Equestrian District. Because the city spans significant architectural and zoning variety, always confirm construction era and any equestrian-zoning specifics carefully.
The Media District represents Burbank's most active new-construction corridor, with newer condo and townhome development continuing near the studio campuses. Magnolia Park and most single-family neighborhoods are largely built out, with new construction limited to individual infill.
Roman can help evaluate builder incentives, HOA obligations, and resale comparables for any Burbank new-construction property you're considering.
Related: New Construction Tips
Roman responds to every inquiry within one business day. Tell him your Burbank price range and timeline and he will walk you through the flat fee model, your exact savings, and next steps.
Burbank Homebuyer Guide
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Roman Doktorovich · DRE #01441969 · Real Brokerage Technologies Inc.