Canoga Park East, Los Angeles, CA—91316
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canoga Park East, Los Angeles, CA
As of Oct '25, the median home price in Canoga Park East, Los Angeles, CA is $941,000, with a year-over-year change of -0.7%. This indicates that home prices in Canoga Park East, Los Angeles, CA are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $941,000 | -0.7% |
| Single Family | $1,278,000 | -0.7% |
| Condos | $456,000 | -7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $309,000 | -9.6% |
2 Bed | $562,000 | -5.2% |
3 Bed | $1,034,000 | -0.8% |
4 Bed | $1,506,000 | -0.3% |
| 5 Bed | $2,914,000 | 1.1% |
% of Housing Stock
Rental Trends — Canoga Park East, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Canoga Park East, Los Angeles, CA is $3,640, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Canoga Park East, Los Angeles, CA is studios: $1,870, 1-bedrooms: $2,150, 2-bedrooms: $3,180, 3-bedrooms: $5,070, 4-bedrooms: $5,880. The most common rental property sizes in Canoga Park East, Los Angeles, CA are 2-bedroom and 1-bedroom, accounting for 39.5% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,640 |
| Studio Rent | $1,800 | $1,870 |
| 1 Bed Rent | $2,200 | $2,150 |
| 2 Bed Rent | $3,000 | $3,180 |
| 3 Bed Rent | $4,600 | $5,070 |
| 4 Bed Rent | $5,500 | $5,880 |
% of Rental Stock
Property Listings — Canoga Park East, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Canoga Park East, Los Angeles, CA is 51. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $865,000 | -37.0% |
Listing Count | 181 | 22.0% |
| Listings as % of Homes | 0.6% | 22.0% |
Days on Market | 51 | 4.0% |
Demographics — Canoga Park East, Los Angeles, CA
As of the latest ACS Survey released in 2023, Canoga Park East, Los Angeles, CA has a population of 29,200, which has decreased by -2.4% over the past 5 years. Canoga Park East, Los Angeles, CA is a moderately popular place for families, as children make up 17.9% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,200 | -2.4% |
% Under 18 | 17.9% | -15.2% |
% Seniors | 20.3% | 16.0% |
% WFH | 21.3% | 126.6% |
% w/ College Degree | 57.7% | 16.1% |
As of the latest ACS Survey released in 2023, Canoga Park East, Los Angeles, CA is a predominantly white area, with 73.1% of the population identifying as white. The white population has grown by 5.6% in the last 5 years. The second most common race or ethnicity in Canoga Park East, Los Angeles, CA is hispanic, making up 11.8% of the population. Foreign-born residents account for 36.8% of the population in Canoga Park East, Los Angeles, CA, and this percentage has decreased by 3.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.1% | 5.6% |
% Black | 1.6% | -48.4% |
% Hispanic | 11.8% | -20.3% |
% Asian | 6.2% | -27.9% |
% Foreign Born | 36.8% | -3.4% |
Mortgage and Risk — Canoga Park East, Los Angeles, CA
According to HUD data as of 2023, there were 301 mortgage originations in Canoga Park East, Los Angeles, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Canoga Park East, Los Angeles, CA. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 301 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Canoga Park East, Los Angeles, CA
As of 2024, the percent of homes in Canoga Park East, Los Angeles, CA under the Section 8 program is 2.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Canoga Park East, Los Angeles, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 152 |
Total Units Section 8 | 152 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $2,200 | $2,320 |
| 2 Bedroom | -$70 | $3,000 | $2,930 |
| 3 Bedroom | -$880 | $4,600 | $3,720 |
| 4 Bedroom | -$1,370 | $5,500 | $4,130 |
Affordability — Canoga Park East, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.9 |
| Median Home Price | $941,000 |
| Median Household Income | $90,800 |