Burbank, OK

Real estate in Burbank, OK is a hot commodity. With a population of just over 10,000 people, the city has seen an influx of new residents and businesses in recent years. This has led to an increase in demand for homes and commercial space, which has driven up prices.

According to the 2016 American Community Survey, the median home value in Burbank was $128,500. This is significantly higher than the statewide median home value of $101,200. In addition, Burbank's commercial real estate market is also very active. The city has seen a significant increase in both residential and commercial development over the past few years. This has led to increased demand for property and higher prices for both types of real estate.

One reason why prices have been so high in Burbank is because there are limited options available for buyers. The city is located in central Oklahoma County, which is one of the most affluent counties in Oklahoma. This means that there are a limited number of homes available for sale that meet the needs and wants of potential buyers. Additionally, many businesses have chosen to locate in Burbank due to its strong economy and low cost of living. As a result, there are not many vacant commercial spaces available for purchase or lease on the market.

Despite these challenges, there are still opportunities available for buyers who are willing to do their research and look at different properties before making an offer. There are also a number of affordable options available if you're looking to buy or lease property without spending too much money upfront."