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These days, finding an affordable place to live in the Sherman Oaks area can be challenging. Home prices in Sherman Oaks are now at a median cost of $1,246,304, higher than the California average of $812,006.
The average cost of rent is $2,488/mo in Sherman Oaks, primarily driven by the current value of real estate in the Sherman Oaks area. In Sherman Oaks, 58.72% of households rent, and 22.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherman Oaks is $10,687 per month. Households that rent pay about 23.28% of their income on rent here. Sherman Oaks’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Van Nuys, CA: less expensive homes
- Studio City, CA: higher priced homes
- Valley Village, CA: less expensive homes
- Encino, CA: equally priced homes
- North Hollywood, CA: less expensive homes
- Panorama City, CA: less expensive homes
- Beverly Hills, CA: higher priced homes
- North Hills, CA: less expensive homes
- Tarzana, CA: equally priced homes
- West Hollywood, CA: equally priced homes
Cities with Similar Populations
- San Benito, TX: less expensive homes
- Hammond, LA: less expensive homes
- Irondequoit, NY: less expensive homes
- Jamaica Plain, MA: less expensive homes
- La Mirada, CA: less expensive homes
- Lakewood, OH: less expensive homes
- Lombard, IL: less expensive homes
- Parkway, CA: less expensive homes
- Princeton, FL: less expensive homes
- Azusa, CA: less expensive homes
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