According to statistics, the population in Burbank, IL amounts to 29,081, which shows decline 0% compared to the previous year. The median age of the city’s residents is 38. The average household income is $55,777, shifting growth 2% from the past year, and the average property value in Burbank, IL decline -1% to $174,200 throughout the year.
|Number Of Employees||13,182|
|Median Property Value||$174,200|
The average household income in Burbank, IL grew from $54,735 to $55,777 in the past year. This data is an estimate based upon 9,116 households in Burbank, IL . The chart below presents how household income is distributed in Burbank, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Burbank, IL shifted from $176,000 to $174,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Burbank, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Burbank, IL properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Burbank, IL compared to median property taxes around the country. The prevalent amount of property taxes in Burbank, IL equals $3000, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Burbank, IL decreased by 0.8% to $306,186.
Asking price for 2-bed apartment also decreased by 13.1% and a place of this size will now cost you $145,980. A 3-bed apartment goes for $283,902, it increased by 9.2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2.2% and made it down to $361,452.
Price reports demonstrate that house price increased by 0.2% this month making it up to $313,195. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $191,000. An average value of duplex is $500,000, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $300,967. Value of the townhouses didn’t change, the price still starts at $229,000.