ZIP 91505 - 860Z200US91505 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 91505, located in the heart of Burbank, California, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 31,000 and a robust housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 91505 is home to 31,843 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 12,975 households, reflecting a mix of family units, singles, and shared living arrangements. With 14,258 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. Understanding the population size and household distribution is crucial for gauging community dynamics and demand for local services.

Income & Housing Costs

The median household income in ZIP 91505 stands at $106,364, suggesting a relatively affluent community with strong earning potential. This income level supports a housing market where the median house value reaches $992,300, reflecting the high demand and premium location of Burbank. For renters, the median rent is $2,284 per month, which aligns with the area’s elevated cost of living. These figures highlight the financial commitment required to live in this ZIP code, whether you’re buying or renting, and underscore the importance of budgeting for housing expenses.

Race & Ethnicity

The demographic makeup of ZIP 91505 is diverse, offering a multicultural environment that enriches the community. The racial composition includes 49.61% White, 3.18% Black, 10.4% Asian, and 29.35% Hispanic residents. This diversity can be a significant draw for those seeking an inclusive neighborhood or for businesses aiming to cater to a varied customer base. Understanding the cultural landscape can help homebuyers find a community that aligns with their values and assist businesses in tailoring their offerings.

Key Facts

• Total population: 31,843 residents in 2023.
• Total households: 12,975, indicating a mix of family and individual living arrangements.
• Total housing units: 14,258, suggesting some availability in the market.
• Median household income: $106,364, reflecting strong local earning power.
• Median house value: $992,300, indicative of a premium real estate market.
• Median rent: $2,284 per month, aligning with the area’s high cost of living.
• Racial diversity: 49.61% White, 29.35% Hispanic, 10.4% Asian, and 3.18% Black.

What This Means for You

For homebuyers, ZIP 91505 offers a diverse and affluent community, but the high median house value of nearly $1 million and median rent of over $2,200 mean you’ll need a solid financial plan to settle here. The slight surplus of housing units could provide some negotiating room, but competition remains fierce in this desirable area. Investors and agents will find opportunities in a market with strong income levels and property values, ideal for long-term appreciation, though the high entry cost may limit short-term flips. Small-business owners can leverage the area’s diversity and income strength to target a wide range of customers, especially in sectors like retail, dining, or services that cater to a multicultural and well-off clientele. Analysts can use these metrics to benchmark ZIP 91505 against neighboring areas, identifying trends in housing demand or demographic shifts. Tailoring your strategy to these insights can help you succeed in this dynamic market.

Run This Study Yourself

• Visit ZipcodeGPT to access powerful tools for analyzing any ZIP code’s demographics and housing data.
• Enter ZIP 91505 or any other area of interest to generate a detailed report tailored to your needs.
• Use the insights to make data-driven decisions for buying, investing, or starting a business with confidence.