Burbank’s housing market is experiencing notable shifts, with recent data indicating a slight decrease in home values. As of March 2026, the average home value stands at $1,200,885, reflecting a 2.4% decline over the past year. Homes are typically going pending in approximately 26 days, suggesting a competitive market. Source
Market Trends
In March 2026, Burbank home prices were down 1.3% compared to the previous year, with a median sale price of $1.2 million. Homes in Burbank receive an average of four offers and sell in around 48 days. Source
Rental Market
The rental market in Burbank remains robust, with the median rent at $2,750 per month as of April 2026, marking a 1.85% increase year-over-year. There are currently 315 active rental listings, indicating a healthy supply for prospective tenants. Source
Upcoming Developments
Several new housing projects are set to enhance Burbank’s residential offerings:
INTRO
Located adjacent to the Metrolink Station, INTRO is a transit-oriented development featuring 573 residences across two eight-story buildings. The project includes ground-floor retail spaces and a comprehensive amenity program, such as a one-acre rooftop terrace, saltwater lap pools, and coworking spaces. INTRO has achieved LEED Gold certification, emphasizing sustainable design. Source
2814 W. Empire Avenue
This seven-story multifamily residential building will offer 148 rental units, all designated as affordable housing. The units will range from one to three bedrooms, catering to extremely low, very low, and low-income households. Source
3201 W. Olive Avenue
A proposed five-story mixed-use development at this location will include 144 rental units, 1,058 square feet of ground-floor retail space, and 181 parking spaces. The project also plans to feature a publicly accessible open space area known as Bob Hope Park. Source
These developments reflect Burbank’s commitment to expanding its housing options and accommodating a diverse range of residents. As the city continues to evolve, staying informed about market trends and upcoming projects will be essential for prospective buyers, renters, and investors.