Canoga Park, Los Angeles, CA—91402
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canoga Park, Los Angeles, CA
As of Oct '25, the median home price in Canoga Park, Los Angeles, CA is $694,000, with a year-over-year change of -0.6%. This indicates that home prices in Canoga Park, 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 | $694,000 | -0.6% |
| Single Family | $739,000 | -1.6% |
| Condos | $460,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $339,000 | -5.0% |
2 Bed | $550,000 | -1.6% |
3 Bed | $712,000 | -1.4% |
4 Bed | $805,000 | -1.2% |
| 5 Bed | $909,000 | -1.5% |
% of Housing Stock
Rental Trends — Canoga Park, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Canoga Park, Los Angeles, CA is $2,610, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Canoga Park, Los Angeles, CA is studios: $1,650, 1-bedrooms: $1,870, 2-bedrooms: $2,570, 3-bedrooms: $3,450, 4-bedrooms: $4,110. The most common rental property sizes in Canoga Park, Los Angeles, CA are 1-bedroom and 2-bedroom, accounting for 38.6% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,610 |
| Studio Rent | $1,690 | $1,650 |
| 1 Bed Rent | $1,800 | $1,870 |
| 2 Bed Rent | $2,550 | $2,570 |
| 3 Bed Rent | $3,400 | $3,450 |
| 4 Bed Rent | $3,600 | $4,110 |
% of Rental Stock
Property Listings — Canoga Park, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Canoga Park, Los Angeles, CA is 63. This is a increase of 48.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | 3.0% |
Listing Count | 80 | 67.0% |
| Listings as % of Homes | 0.3% | 67.0% |
Days on Market | 63 | 48.0% |
Demographics — Canoga Park, Los Angeles, CA
As of the latest ACS Survey released in 2023, Canoga Park, Los Angeles, CA has a population of 66,700, which has decreased by -5.6% over the past 5 years. Canoga Park, Los Angeles, CA is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 18.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 66,700 | -5.6% |
% Under 18 | 23.8% | -8.1% |
% Seniors | 12.0% | 26.3% |
% WFH | 8.7% | 248.0% |
% w/ College Degree | 18.8% | 8.0% |
As of the latest ACS Survey released in 2023, Canoga Park, Los Angeles, CA is a predominantly hispanic area, with 69.6% of the population identifying as hispanic. The hispanic population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Canoga Park, Los Angeles, CA is asian, making up 14.7% of the population. Foreign-born residents account for 50.2% of the population in Canoga Park, Los Angeles, CA, and this percentage has decreased by 4.7% 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 | 11.7% | 27.2% |
% Black | 2.8% | -20.0% |
% Hispanic | 69.6% | -4.5% |
% Asian | 14.7% | 3.5% |
% Foreign Born | 50.2% | -4.7% |
Mortgage and Risk — Canoga Park, Los Angeles, CA
According to HUD data as of 2023, there were 292 mortgage originations in Canoga Park, Los Angeles, CA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Canoga Park, Los Angeles, CA. Investor activity is low, as 4.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 292 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Canoga Park, Los Angeles, CA
As of 2024, the percent of homes in Canoga Park, Los Angeles, CA under the Section 8 program is 10.2%. 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, 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 | 1,310 |
Total Units Section 8 | 1,310 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,800 | $1,860 |
| 2 Bedroom | -$210 | $2,550 | $2,340 |
| 3 Bedroom | -$430 | $3,400 | $2,970 |
| 4 Bedroom | -$300 | $3,600 | $3,300 |
Affordability — Canoga Park, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.6 |
| Median Home Price | $694,000 |
| Median Household Income | $56,400 |