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Burbank, IL

Full City Profile · Illinois · Cook County County

3.1 /5.0
B Good
28,822 Population 6,895/sq mi density
$83,975 Median Income $33,497 per capita
$258,900 Home Value $297,524 Zillow
$1,241 Median Rent 28.9% income on rent
53°F Avg Temperature 275 sunny days/yr
190 Violent Crime/100K 857 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$83,975 median income, 5.0% unemployment
A+
Affordability
5.0 / 5.0
$258,900 home value, $1,241/mo rent
F
Safety
1.0 / 5.0
190 violent crimes/100K
C
Education
2.2 / 5.0
15.5% bachelor's degree or higher

Housing Overview

Median Home Value
$258,900
8% below
US avg: $281,900
Median Rent
$1,241/mo
7% above
US avg: $1,163/mo
Homeownership Rate
80.2%
23% above US avg (65.4%)
Total Housing Units
9,911
Median year built: 1964

Home Value by Source

Census Median
$258,900
Zillow (ZHVI)
$297,524
Median Sale Price
$281,000
Median List Price
$337,450
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

80.2%
Owner-Occupied
19.8%
Renter-Occupied
80%
20%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $1,241/mo

Market Indicators (Redfin)

Median Days on Market
87 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
10
Price Drops
13.9%
of listings with price reduction
Price Per Sq Ft
$194
Active Inventory
65
homes for sale

Affordability & Housing Stock

Rent Burden
28.9%
of renters spending 30%+ of income on housing
7% below US avg (31.0%)
Median Year Built
1964
Average age of housing stock: 62 years
Homeownership Rate
80.2%

Complete Housing Data

Home Values

Census Median Value$258,900
Zillow Home Value (ZHVI)$297,524
Median Sale Price$281,000
Median List Price$337,450
Price Per Sq Ft$194

Rent

Census Median Rent$1,241
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market87
Sale-to-List Ratio1.0%
Price Drops13.9%
Homes Sold10
Active Inventory65
Price Per Sq Ft$194

Ownership & Stock

Owner-Occupied80.2%
Renter-Occupied19.8%
Homeownership Rate80.2%
Total Housing Units9,911
Median Year Built1964
Rent Burden28.9%