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These days, finding an affordable place to live in the Studio City area can be challenging. Home prices in Studio City are now at a median cost of $1,220,951, higher than the California average of $648,235.
The average cost of rent is $2,374/mo in Studio City, primarily driven by the current value of real estate in the Studio City area. While nearly 25.00% of residents own their homes outright in Studio City, 49.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Studio City is $11,564 per month. Households that rent pay about 20.53% of their income on rent here. Studio City's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Valley Village, CA: less expensive homes
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- West Hollywood, CA: equally priced homes
- Beverly Hills, CA: higher priced homes
- Burbank, CA: less expensive homes
- Van Nuys, CA: less expensive homes
- Sun Valley, CA: less expensive homes
- Panorama City, CA: less expensive homes
- Encino, CA: less expensive homes
Cities with Similar Populations
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- Azle, TX: less expensive homes
- Auburn, CA: less expensive homes
- Wisconsin Rapids, WI: less expensive homes
- Anthem, AZ: less expensive homes
- Algonquin, IL: less expensive homes
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