Burbank Village Walk / The Collection At Burbank median real estate price is $748,605, which is more expensive than 37.3% of the neighborhoods in California and 81.8% of the neighborhoods in the U.S.
The average rental price in Burbank Village Walk / The Collection At Burbank is currently $3,193, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.2% of California neighborhoods.
Burbank Village Walk / The Collection At Burbank is a densely urban neighborhood (based on population density) located in Burbank, California.
Burbank Village Walk / The Collection At Burbank real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Burbank Village Walk / The Collection At Burbank neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Real estate vacancies in Burbank Village Walk / The Collection At Burbank are 3.7%, which is lower than one will find in 75.5% of American neighborhoods. Demand for real estate in Burbank Village Walk / The Collection At Burbank is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Burbank, the Burbank Village Walk / The Collection At Burbank neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
One of the unique characteristics of the Burbank Village Walk / The Collection At Burbank neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.1% of the neighborhoods in America. In a nation where 1 out of every 4 children lives in poverty, the Burbank Village Walk / The Collection At Burbank neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 58.7%. This is a higher percent living alone than we found in 98.6% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
The real estate in the Burbank Village Walk / The Collection At Burbank neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 97.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.6% of American neighborhoods.
In addition, renter-occupied real estate is dominant in the Burbank Village Walk / The Collection At Burbank neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 93.2%, which is higher than 97.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, the Burbank Village Walk / The Collection At Burbank neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 87.4% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In the Burbank Village Walk / The Collection At Burbank neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 35.9% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.0% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Also, our research revealed that more commuters here take the bus to work (12.4% ride the bus) than 96.2% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Did you know that the Burbank Village Walk / The Collection At Burbank neighborhood has more Armenian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.0% of this neighborhood's residents have Armenian ancestry and 1.9% have Iranian ancestry.
Burbank Village Walk / The Collection At Burbank is also pretty special linguistically. Significantly, 4.6% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 97.7% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Burbank Village Walk / The Collection At Burbank neighborhood has a greater percentage of residents born in another country (44.3%) than are found in 95.8% of all U.S. neighborhoods.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Burbank Village Walk / The Collection At Burbank neighborhood in Burbank are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.1% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Burbank Village Walk / The Collection At Burbank neighborhood, 56.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.3%), and 9.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Burbank Village Walk / The Collection At Burbank neighborhood is English, spoken by 57.7% of households. Other important languages spoken here include Chinese, Tagalog (the first language of the Philippine region), Spanish and Langs. of India.
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Burbank Village Walk / The Collection At Burbank neighborhood in Burbank, CA, residents most commonly identify their ethnicity or ancestry as Asian (37.3%). There are also a number of people of Armenian ancestry (19.0%), and residents who report English roots (5.5%), and some of the residents are also of German ancestry (4.2%), along with some Irish ancestry residents (3.9%), among others. In addition, 44.3% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Burbank Village Walk / The Collection At Burbank neighborhood spend under 15 minutes commuting one-way to work (33.0% of working residents), one of the shortest commutes across America.
Here most residents (48.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (12.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
