Foreclosure Homes in Burbank, IL

Current Market Conditions in Burbank, IL

Burbank's real estate market has been experiencing gradual growth in home values, reflecting the increased demand for housing in the area. With an influx of new families and professionals, property prices have risen, while inventory levels remain relatively stable.

As of late 2023, the market conditions signify a balanced environment where homes are selling at competitive prices, and buyers are encouraged to act quickly as available listings may face multiple offers.

Rent Prices In Burbank, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Burbank, IL, is on a rollercoaster ride. The average rent price in Burbank, IL, is $1,706.00. Indeed, when looking to rent in Burbank, IL, you can expect to pay as little as $720.00 or as much as $3,500.00, with the average rent median estimated to be $1,720.00. The good news is that finding an affordable and desirable property to rent in Burbank, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.