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Rental Insights for ZIP Code 91506 (Burbank, CA)

Housing Rentals in ZIP Code 91506 (Burbank, CA)

91506 ZIP Code in California

An In-depth Dive Into Housing Rentals in ZIP Code 91506

The 91506 ZIP Code is primarily located in Burbank, CA in Los Angeles County. The median housing rent payment in this California region is $1,607 per month. About 46.5% of total housing units in this Los Angeles County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 3.6%.

The median rent in ZIP Code 91506 of $1,607 per month is 7% higher than the aggregate California median monthly rent of $1,503, and is 51% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 35.5% of residents in ZIP Code 91506 pay between $1,500 and $1,999 per month for rent. That is 53% higher than in California overall, in which 23.2% of total state residents pay between $1,500 and $1,999 per month for housing. Just 1.9% of ZIP Code 91506 renters pay less than $500 for monthly rent.

ZIP Code 91506 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 91506

See the chart below for a comparison of monthly rental costs in ZIP Code 91506, California, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 91506 along with those in the state of California and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 91506

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 91506 California U.S.
Less than $500 1.9% 4.9% 9.4%
$500 to $999 6.0% 16.5% 36.2%
$1,000 to $1,499 34.5% 28.6% 30.0%
$1,500 to $1,999 35.5% 23.2% 14.0%
$2,000 to $2,499 8.4% 13.4% 5.6%
$2,500 to $2,999 5.7% 6.9% 2.4%
$3,000 or more 8.0% 6.7% 2.4%

Rent Cost vs. Income in ZIP Code 91506

Renters in ZIP Code 91506 use an estimated 29.63% of their income to cover their monthly rent payments. That is about 5% lower than in California overall. The estimate for California overall is 31.23% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 91506 renters use about 1% less of their income to cover rent expense. Household income figures for ZIP Code 91506 come in higher than in California as a whole. The median annual household income in ZIP Code 91506 of $81,597 sits approximately 8% higher than the overall California median income of $75,235 and approximately 30% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 91506

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 91506, California, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 91506 along with the same calculations in the state of California and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 91506

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 91506 California U.S.
Less than 15.0 percent 13.7% 10.3% 13.1%
15.0 to 19.9 percent 10.3% 11.2% 12.9%
20.0 to 24.9 percent 16.4% 12.2% 12.9%
25.0 to 29.9 percent 11.3% 11.5% 11.6%
30.0 to 34.9 percent 9.1% 9.6% 9.1%
35.0 percent or more 39.3% 45.2% 40.5%

Household Income in ZIP Code 91506

See the table below for the regional comparison of annual household income in ZIP Code 91506.

Income ZIP 91506 California U.S.
Less than $10,000 6.1% 4.8% 6.0%
$10,000 to $14,999 3.3% 4.1% 4.3%
$15,000 to $24,999 4.0% 7.5% 8.9%
$25,000 to $34,999 6.8% 7.5% 8.9%
$35,000 to $49,999 9.6% 10.5% 12.3%
$50,000 to $74,999 15.5% 15.5% 17.2%
$75,000 to $99,999 13.8% 12.4% 12.7%
$100,000 to $149,999 16.5% 16.6% 15.1%
$150,000 to $199,999 10.0% 8.9% 6.8%
$200,000 or more 14.4% 12.2% 7.7%

Household Income in ZIP Code 91506

See the chart below for a comparison of annual household income figures in ZIP Code 91506, California, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 91506 alongside the same figures for the state of California and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 91506

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 91506.

ZIP 91506 California U.S.
Median Housing Rent $1,607 $1,503 $1,062
Renter-Occupied Housing Units 46.5% 45.2% 36.0%
Rental Vacancy Rate 3.6% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.13 2.88 2.49
Average # of Bedrooms Per Unit 2.17 2.63 2.75
Percent of Income Spent on Rent 29.63% 31.23% 29.83%
Per Capita Income $44,962 $36,955 $34,103
Median Household Income $107,471 $106,916 $88,607
Living Below the Poverty Line 3.8% 9.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 91506

In ZIP Code 91506 (Burbank, CA), and estimated 46.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.6%.

The per capita income in 91506 is estimated at $44,962, which goes along with an estimated median household income of $107,471. About 3.8% of residents in this Los Angeles County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.13 occupants, while the units have an aggregate average size of 2.17 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.63% of their income on housing rental costs.

Rental FAQs for ZIP Code 91506

1

What is the median monthly rent in ZIP Code 91506?

Median rent for housing in ZIP Code 91506 in Los Angeles County in California is approximately $1,607 per month.
2

Is it expensive to rent in ZIP Code 91506?

Rent in ZIP Code 91506 is higher than average in the state of California overall. The median monthly rent of $1,607 in ZIP Code 91506 is approximately 7% higher than the California median of $1,503. Additionally, median rent in this Burbank, CA region ($1,607) is about 51% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 91506?

High-priced rentals are more common in ZIP Code 91506 than in California overall. The percentage of rentals in ZIP Code 91506 that cost $3,000 or more per month (8.0%) is about 19% higher than the California rate of 6.7% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 233% lower than the aforementioned 91506 rate of 8.0%.
4

Are affordable rentals common in ZIP Code 91506?

Affordable rentals are less common in ZIP Code 91506 than in California overall. The percentage of housing rentals in ZIP Code 91506 costing $999 or less per month (7.9%) is approximately 63% lower than the California rate of 21.4% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 83% higher than the previously mentioned 91506 rate of 7.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 91506?

The most common range for rental cost in ZIP Code 91506 is between $1,500 and $1,999 per month. About 35.5% of renters in 91506 pay in this range for monthly rent. In comparison, approximately 23.2% of renters in the state of California fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 91506 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 91506 is lower than the rental vacancy rate in the state of California overall. Rental vacancy of 3.6% in ZIP Code 91506 is about 0% lower than the California rate of 3.6%. Looking more broadly, rental vacancy in this Burbank, CA region (3.6%) is an estimated 40% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 91506? How does it compare to other California regions?

Median household income in ZIP Code 91506 is higher than in the state of California overall. Annual household income of $81,597 in ZIP Code 91506 is about 8% higher than the California median of $75,235. Additionally, median household income in this Burbank, CA region ($81,597) is approximately 30% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 91506 spend on housing costs?

Renters in ZIP Code 91506 spend a lower amount of their income on rent costs than do renters in California overall. Renters in ZIP Code 91506 spend an estimated 29.63% of their income on rent payments, which is about 5% lower than the overall California estimated rate of 31.23%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 1% higher than the ZIP Code 91506 estimated rate of 29.63%.
9

Do renters in ZIP Code 91506 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 91506 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 91506 spending 30 percent or more of their income on rent costs (48.4%) is approximately 12% lower than the California rate of 54.8% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 2% higher than the aforementioned 91506 rate of 48.4%.
10

What is the average household size of renter-occupied units in ZIP Code 91506?

The average household size of renter-occupied units in ZIP Code 91506 is lower than in the state of California overall. Annual household size of 2.13 in ZIP Code 91506 is about 26% lower than the California median of 2.88. Additionally, median household size in this Burbank, CA region (2.13) is approximately 14% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other California ZIP Codes