Looking at Burbank's housing prices over a five-year period, a gradual but steady upward trend is evident. In early 2021, the median home value was around $860,000, and as of 2026, it is estimated to be around $1.15 million. This represents an increase of about 34% over five years.

The most significant rise occurred between 2021 and 2022, coinciding with the recovery of employment in the media and entertainment sectors. However, after interest rate hikes in the second half of 2022, the rate of increase noticeably slowed. From 2023 to 2025, a modest upward trend continued amid low inventory, with adjustments of 1% to 5% observed in various regions over the past year.

Compared to the national average five-year cumulative increase estimated at 35% to 45%, Burbank's 34% is slightly lower. Given that it is already a high-priced area, the absolute dollar increase is more noticeable than the rate of increase.

The key to Burbank's market is its stable employment base, supported by major studios like Disney, Warner Bros., and Universal. Coupled with relatively accessible price points compared to nearby areas and limited new supply, this has likely created consistent demand.

Future outlooks suggest a cautious approach is necessary. Given the volatility in employment within the entertainment industry, a gradual trend is more likely than a sharp increase, with interest rate stability expected to be a significant variable.

For Korean households, Burbank remains a preferred area for those considering both access to downtown LA and school districts for residential needs. If considering a purchase, it may be wise to plan a budget generously, taking into account the price pressures during periods of low inventory.

If contemplating a sale, monitoring recent adjustment trends and timing the market could be a viable strategy.

The figures mentioned are estimates based on Zillow ZHVI as of the reference points (January 2021, first half of 2026), and it is advisable to use them as reference material due to regional variations.