Lake Balboa, Los Angeles, CA—91406
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Balboa, Los Angeles, CA
As of Oct '25, the median home price in Lake Balboa, Los Angeles, CA is $837,000, with a year-over-year change of -1.4%. This indicates that home prices in Lake Balboa, Los Angeles, CA are decreasing. 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 | $837,000 | -1.4% |
| Single Family | $856,000 | -1.9% |
| Condos | $463,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $365,000 | -4.7% |
2 Bed | $708,000 | -1.0% |
3 Bed | $848,000 | -1.9% |
4 Bed | $946,000 | -1.9% |
| 5 Bed | $1,091,000 | -2.0% |
% of Housing Stock
Rental Trends — Lake Balboa, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Lake Balboa, Los Angeles, CA is $2,880, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Lake Balboa, Los Angeles, CA is studios: $1,670, 1-bedrooms: $1,940, 2-bedrooms: $2,860, 3-bedrooms: $4,130, 4-bedrooms: $5,160. The most common rental property sizes in Lake Balboa, Los Angeles, CA are 1-bedroom and 2-bedroom, accounting for 41.5% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,880 |
| Studio Rent | $1,690 | $1,670 |
| 1 Bed Rent | $1,850 | $1,940 |
| 2 Bed Rent | $2,800 | $2,860 |
| 3 Bed Rent | $3,980 | $4,130 |
| 4 Bed Rent | $5,150 | $5,160 |
% of Rental Stock
Property Listings — Lake Balboa, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Balboa, Los Angeles, CA is 65. This is a increase of 24.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $899,000 | 4.0% |
Listing Count | 99 | 26.0% |
| Listings as % of Homes | 0.2% | 26.0% |
Days on Market | 65 | 24.0% |
Demographics — Lake Balboa, Los Angeles, CA
As of the latest ACS Survey released in 2023, Lake Balboa, Los Angeles, CA has a population of 52,700, which has decreased by -4.6% over the past 5 years. Lake Balboa, Los Angeles, CA is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,700 | -4.6% |
% Under 18 | 21.9% | -8.4% |
% Seniors | 11.6% | 13.7% |
% WFH | 15.0% | 368.8% |
% w/ College Degree | 28.7% | 11.7% |
As of the latest ACS Survey released in 2023, Lake Balboa, Los Angeles, CA is a predominantly hispanic area, with 58.1% of the population identifying as hispanic. The hispanic population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Lake Balboa, Los Angeles, CA is white, making up 26.1% of the population. Foreign-born residents account for 40.0% of the population in Lake Balboa, Los Angeles, CA, and this percentage has increased by 1.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.1% | -2.2% |
% Black | 4.2% | -12.5% |
% Hispanic | 58.1% | 3.6% |
% Asian | 8.1% | -12.9% |
% Foreign Born | 40.0% | 1.8% |
Mortgage and Risk — Lake Balboa, Los Angeles, CA
According to HUD data as of 2023, there were 407 mortgage originations in Lake Balboa, Los Angeles, CA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Balboa, Los Angeles, CA. Investor activity is low, as 5.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 407 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Lake Balboa, Los Angeles, CA
As of 2024, the percent of homes in Lake Balboa, Los Angeles, CA under the Section 8 program is 6.6%. 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 Lake Balboa, 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 | 758 |
Total Units Section 8 | 748 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,850 | $2,080 |
| 2 Bedroom | -$180 | $2,800 | $2,620 |
| 3 Bedroom | -$650 | $3,980 | $3,330 |
| 4 Bedroom | -$1,460 | $5,150 | $3,690 |
Affordability — Lake Balboa, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.4 |
| Median Home Price | $837,000 |
| Median Household Income | $76,700 |