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These days, finding an affordable place to live in the Van Nuys area can be challenging. Home prices in Van Nuys are now at a median cost of $812,820, higher than the California average of $812,006.
The average cost of rent is $2,000/mo in Van Nuys, primarily driven by the current value of real estate in the Van Nuys area. In Van Nuys, 66.73% of households rent, and 33.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Van Nuys is $6,590 per month. Households that rent pay about 30.35% of their income on rent here. Van Nuys’s most expensive areas are in the southeastern 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
- Panorama City, CA: less expensive homes
- North Hills, CA: less expensive homes
- Sherman Oaks, CA: higher priced homes
- Encino, CA: higher priced homes
- North Hollywood, CA: equally priced homes
- Reseda, CA: equally priced homes
- Valley Village, CA: higher priced homes
- Studio City, CA: higher priced homes
- Mission Hills, CA: less expensive homes
- Pacoima, CA: less expensive homes
Cities with Similar Populations
- Willet, NY: less expensive homes
- Wild Peach Village, TX: less expensive homes
- Westfield, IL: less expensive homes
- Winter Harbor, ME: less expensive homes
- Winter Haven, FL: less expensive homes
- Weston, FL: less expensive homes
- Westerville, OH: less expensive homes
- Winter Park, FL: less expensive homes
- Willettsville, OH: less expensive homes
- Westminster, CA: equally priced homes
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