Burbank, OH Foreclosures
How much do homes sell for in Burbank, OH?
The average home price is currently $344,531.
What’s the average rental cost in Burbank, OH?
The average rental price in Burbank is $1,352.
What is the most expensive home in Burbank?
The most expensive home sold in Burbank had a price of $3,868,276.
What is currently the cheapest priced home in Burbank, OH?
The cheapest home for sale in Burbank is priced at $16,909.
Living in Burbank, OH
Burbank, Ohio is a small, charming village located in Wayne County, well-known for its picturesque landscapes and a strong sense of community. The village offers a rural feel with access to essential amenities, making it a great place for families and those looking for a tranquil lifestyle. Burbank is conveniently situated near larger towns for expanded shopping and entertainment options, while maintaining its peaceful character.
Current Market Conditions in Burbank, OH
The real estate market in Burbank, OH is currently stable, with demand remaining steady among families and retirees alike. Home values have shown a modest increase over the past few months, and the area continues to attract buyers seeking a peaceful and affordable place to live. The overall market is characterized by a mixture of older homes and new constructions, appealing to a diverse range of potential homeowners.
Given the rural location of Burbank, the majority of homes are single-family residences, which tend to sell quickly when priced appropriately. With the ongoing pandemic leading many to seek more space and quieter living environments, Burbank has become increasingly popular, reflecting a larger trend of urban flight.
Investors are slowly recognizing the potential of Burbank, with a gradual rise in interest for rental properties due to the affordability compared to surrounding cities. As the local economy continues to grow, it's expected that more people will consider moving to this village.
Home Value Estimator For Burbank, OH
There are currently 876 real estate properties
in Burbank, OH,
with a median automated valuation model (AVM) price
of $278,394.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Burbank, OH, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Burbank, OH,
is $344,531.00, with the most expensive house
in Burbank, OH, topping out
at $3,868,276.00 and the cheapest home
in Burbank, OH,
clocking in at $16,909.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Burbank, OH!
Rent Prices
In Burbank, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Burbank, OH, is on
a rollercoaster ride. The
average rent price in Burbank, OH,
is $1,352.00. Indeed, when looking to rent in
Burbank, OH, you can expect to pay as little
as $740.00 or as much
as $1,960.00,
with the average rent median estimated to
be $1,330.00. The good news is that finding
an affordable and desirable property to rent in Burbank, OH
-- 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.
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