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These days, finding an affordable place to live in the Valley Village area can be challenging. Home prices in Valley Village are now at a median cost of $1,076,406, higher than the California average of $812,006.
The average cost of rent is $2,125/mo in Valley Village, primarily driven by the current value of real estate in the Valley Village area. In Valley Village, 70.60% of households rent, and 26.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Valley Village is $7,703 per month. Households that rent pay about 27.58% of their income on rent here. Valley Village’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Studio City, CA: higher priced homes
- North Hollywood, CA: less expensive homes
- Sherman Oaks, CA: higher priced homes
- Burbank, CA: equally priced homes
- Van Nuys, CA: less expensive homes
- Sun Valley, CA: less expensive homes
- Panorama City, CA: less expensive homes
- West Hollywood, CA: higher priced homes
- Beverly Hills, CA: higher priced homes
- North Hills, CA: less expensive homes
Cities with Similar Populations
- Strongsville, OH: less expensive homes
- Fallbrook, CA: less expensive homes
- Georgetown, KY: less expensive homes
- Greenacres, FL: less expensive homes
- Herndon, VA: less expensive homes
- Hutchinson, KS: less expensive homes
- Issaquah, WA: equally priced homes
- Jamesburg, NJ: less expensive homes
- Johnstown, PA: less expensive homes
- Kalispell, MT: less expensive homes
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