Burbank California Real Estate

Posted by admin | Articles, Home, News, Real Estate, Reviews | Tuesday 13 March 2007 4:09 am
Tip! Also consider the state of the real estate market when you are considering buying property. If you are buying property when no one is interested in it, you may have to sit on it for quite a while before you can sell for a profit.

Burbank, California, is located in Los Angeles County, and is nine miles north of Los Angeles, California. Burbank has a population of 100,316. Among its residents are those who work in the media and entertainment field. NBC, Warner Studios, and Disney Entertainment call Burbank their home. The city is served by Burbank International Airport.

Burbank’s homes consist of luxury homes in the hills, and single and multi-family homes throughout the city. Its sunny weather, prosperous economy, relative safety, and consistently high-ranking schools make Burbank a popular place to live, especially with families and those in media and entertainment.

Burbank properties pool is 41,608 residential properties including Burbank new homes. The median age of real estate in Burbank is 1956. The average household size is 3.14 people. 7% are one bedroom homes, 39% are 2 bedroom homes, 42% are 3 bedroom homes, 10% are 4 bedroom homes, and 2% are 5+ bedroom homes.

Tip! If you want to own your own home, or you are looking for an investment opportunity, you might want to consider buying property to either build your home, or to resell to someone at a profit.

Homes With No Mortgage – 26% Homes With Mortgage – 74% First Mortgage Only – 56% First & Second Mortgage or HELOC – 18%

Burbank Real estate Tax: Median Real Estate Taxes (2000) were $1,640 comparing to 1999 Median Family income $ 56,767. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Burbank School District: The Burbank School District consistently rate as one of the most successful in the County. Parents are keen to purchase homes here in order to send their children to the highly successful District.

Children make up 22.3% of Burbank population. Burbank has 22,337 under 18 years old residents, or 0.46 kids per one worker, or 0.54 kids per one household.

Tip! Are you trying your hand in today’s real estate business? Good on you if you are. However, I would certainly be sure you do your proper research before attempting to “flip” a home.

Burbank Real Estate & Burbank Homeownership

There are 14146.72 or 34% one person households, 12482.4 or 30% two person households, and 6241.2 or 15% three person households in Burbank, California. Median residents age is 36.4, Senior citizens (65+) make up 12,859 or 12.8%% of Burbank population.

There are 48,430 workers (over 16 years of age) in Burbank. Of these, 89.33% drive to work. Approximately 2.56% of workers in Burbank take public transportation, reflecting the area’s over reliance on cars. An estimated 2.75% walk to work.

Median Burbank homeowner’s housing expenses are 22.4%

Crime in Burbank (2003), crimes per 10,000 residents per year Violent Crimes – 28.21 Robberies – 6.88 Aggravated Assaults – 19.54 Property Crimes – 268.55 Burglaries – 49.84 Larceny-Thefts – 172.26 Motor Vehicle Thefts – 46.45

Tip! When it comes to today’s real estate business, you must be certain that the location is on the money. If the location is bad, you will probably never sell the home and make a profit.

When making a decision about buying real estate in Burbank California area, many factors should be considered, along with the following statistical data:

Near Medium City – Near Large City – Los Angeles, California Burbank Zip Codes – 91501, 91502, 91504, 91505, 91506 Burbank Area Codes – 818
White population – 72.18% African-American population – 2.06% Asian – 9.15% American Indian & Alaskan – {-}% Hispanic (of any race) – 24.87% Median Family Income (1999) – $ 56,767% Population Below Poverty Level – 10.45%

Jennifer Hershey has more than twenty years of experience in the Mortgage Industry as a loan officer. She is the owner of http://www.explainingmortgages.com/, a mortgage resource site devoted to making mortgage terms and products easy to understand.

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