Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,390 |
| 1 Bedroom | $2,670 |
| 2 Bedrooms | $3,300 |
| 3 Bedrooms | $4,190 |
| 4 Bedrooms | $4,690 |
| 5 Bedrooms | $5,440 |
| 6 Bedrooms | $6,093 |
| 7 Bedrooms | $6,580 |
| 8 Bedrooms | $6,909 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,300 | $757,956 | 0.44% | F |
| 3BR | $4,190 | $1,275,790 | 0.33% | F |
| 4BR | $4,690 | $1,572,624 | 0.3% | F |
| 5BR | $5,440 | $2,141,460 | 0.25% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 91504, Burbank, California, reveals a robust market with strong pricing power for the next 12 to 24 months. The median home value stands at a substantial $1,234,957, indicating that the area is well-positioned within the higher tier of the housing market. This high median value is further supported by the fact that only a minimal 0.2% of listings have seen price reductions. Such a low percentage of price drops suggests that sellers are holding firm on their asking prices, which is a positive sign for maintaining or potentially increasing home values.
The median days on market (DOM) being listed as N/A could imply either an extremely quick sale rate or that there's insufficient data to provide a reliable average. In either case, it aligns with the notion of strong seller's market conditions where homes are selling rapidly. This swift turnover can lead to increased competition among buyers, thereby exerting upward pressure on prices.
On the rental side, the forward-looking market analysis is equally compelling. The Fair Market Rent (FMR) for ZIP 91504 for fiscal year 2024 is projected to be $2,900. However, the current Zillow Observed Rental Index (ZORI) indicates a market rent of $3,177. This gap between FMR and actual market rents signals a healthy demand for rentals, which can translate into a stable or rising rental environment. Landlords and small-portfolio investors can expect to maintain or slightly increase their rental income in line with market trends.
For long-term investors, the setup points towards a realistic appreciation thesis. Given the high median home value and the low percentage of price reductions, coupled with the strong rental market dynamics, it is reasonable to anticipate continued growth in property values. This appreciation is likely to be gradual, reflecting the steady demand for both owning and renting properties in Burbank, rather than a sudden spike. As such, long-hold investors should find their investments in ZIP 91504 to be solid, appreciating assets that will continue to offer returns through capital gains and rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.