Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Lake Balboa area can be challenging. Home prices in Lake Balboa are now at a median cost of $724,778, lower than the Van Nuys average of $812,820.
The average cost of rent is $2,201/mo in Lake Balboa, primarily driven by the current value of real estate in the Lake Balboa area. In Lake Balboa, 58.30% of households rent, and 18.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Balboa is $6,764 per month. Households that rent pay about 32.54% of their income on rent here. Lake Balboa’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Arleta, Pacoima, CA: less expensive homes
- Garnsey, Valley Village, CA: higher priced homes
- Beverly Glen, Studio City, CA: higher priced homes
- Bel Air, Los Angeles, CA: higher priced homes
- Portar Ranch, Northridge, CA: higher priced homes
- Toluca Lake, North Hollywood, CA: higher priced homes
- Shadow Hills, Sunland, CA: higher priced homes
- Brentwood, Los Angeles, CA: higher priced homes
- Lakeview Terrace, Sylmar, CA: higher priced homes
- Glendale, Los Angeles, CA: higher priced homes
Neighborhoods with Similar Populations
- South Lorain, Lorain, OH: less expensive homes
- Downtown Annapolis, Annapolis, MD: higher priced homes
- Downtown Jacinto City, Jacinto City, TX: less expensive homes
- Downtown Newport News, Newport News, VA: less expensive homes
- Downtown Norfolk, Norfolk, VA: less expensive homes
- East Durham, Durham, NC: less expensive homes
- Eastland-Wilora Lake, Charlotte, NC: less expensive homes
- El Dorado Park, Long Beach, CA: higher priced homes
- Lacy, Santa Ana, CA: equally priced homes
- Meadowlane, Lincoln, NE: less expensive homes
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