Everything You Should Know Before Moving to Lake Balboa, CA
Considering a move to Lake Balboa, CA? With a population of about 28,800, this vibrant San Fernando Valley neighborhood offers a sunny climate (74% sunny days), diverse community, and easy proximity to parks and schools. The median home price is $770,000, with average rent for a 2-bedroom at $2,200, reflecting Southern California’s competitive housing market. Lake Balboa maintains moderate crime rates and an average commute time of 33 minutes, while local schools and nearby hospitals provide families with solid resources. Explore Lake Balboa for a welcoming community, great weather, and a convenient LA location.
Demographics - Lake Balboa, CA
Demographics - Lake Balboa, CA
Lake Balboa is home to about 28,800 residents, with a moderate population density and a median age of 38. The community is notably diverse, with significant White, Asian, Black, and other ethnic populations, and nearly 39% of residents speak a language other than English at home. The gender balance is nearly equal, making the neighborhood welcoming to a wide range of people.
Population:
28,800
Density:
8,000 per sq mi
Median Age:
38.2
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
38.5%
Ethnic Composition
White:
38.0%
Black:
6.4%
Asian:
13.2%
Others:
42.4%
Cost Of Living
What is the average cost of living in Lake Balboa, CA?
Living in Lake Balboa comes with a higher-than-average cost of living, reflected in a median home value of $770,000 and typical rent of $2,200 for a two-bedroom. Everyday expenses, such as groceries, utilities, and transportation, also trend above the national average, making it important for newcomers to budget accordingly. State taxes and insurance costs add to the overall expenses, aligning with other Los Angeles communities.
Median House Value:
$770,000
Gross Rent:
$2,200
Monthly Electricity Charges:
$110
Auto Insurance:
$1,900
House Owner Cost With Mortgage:
$3,100
House Owner Cost Without Mortgage:
$850
State Taxes:
Low:
1.0%
|
High:
13.3%
Cost Of Living Index:
158.4
Grocery:
110.5
Housing:
211.0
Utilities:
106.0
Transportation:
146.0
Health Care:
108.0
Miscellaneous:
109.0
Crime
Is Lake Balboa, CA a safe place to live?
Lake Balboa experiences moderate crime rates compared to the national average, with property crimes occurring more frequently than violent crimes. Residents have about a 1 in 316 chance of experiencing a violent crime and a 1 in 47 chance of property crime annually. The area maintains a sense of safety, but new residents should stay aware and take standard precautions.
Violent Crimes Per 100k:
317
Property Crimes Per 100k:
2,140
Crime Index:
2,457
Chance Of Violent Crime:
1 in 316
Chance Of Property Crime:
1 in 47
Weather
What is the weather like in Lake Balboa, CA year-round?
Lake Balboa enjoys a classic Southern California climate, featuring mild winters with lows in the 40s and warm summers reaching into the low 90s. The neighborhood receives around 16.5 inches of rainfall annually and boasts 74% sunny days, making it ideal for outdoor activities. Seasonal variations are gentle, offering comfortable conditions year-round.
Winter
Min:
42°F
Max:
68°F
Spring
Min:
52°F
Max:
77°F
Summer
Min:
65°F
Max:
92°F
Fall
Min:
58°F
Max:
81°F
Average Rainfall Inches:
16.5 inches
Sunny Days Percentage:
74%
Neighbors
Lake Balboa’s residents have a typical household income around $82,400, with a poverty rate of 13.8%. Most adults have at least a high school diploma, and nearly 30% hold a bachelor’s degree or higher. The area offers a diverse, educated community, and the average commute is just over 32 minutes, with some residents using public transportation.
Median Income:
$38,200
Household Income:
$82,400
Family Income:
$93,600
Per Capita Income:
$36,200
Income Male:
$44,700
Income Female:
$39,400
Poverty Rate:
13.8%
Non English Speakers:
38.5%
Rent:
$2,200
Unemployment Rate:
4.8%
Public Transport Usage:
7.8%
Commute Time:
32.9 minutes
Education
High School or Higher:
83.9%
Bachelors or More:
29.1%
Education
How are the schools in Lake Balboa, CA?
Lake Balboa offers access to several public and private schools with manageable student-to-teacher ratios, supporting a solid educational foundation for families. Higher education options, such as Los Angeles Valley College and California State University, Northridge, are within a short drive. The area is well-suited for students of all ages, with a range of educational resources nearby.
Public Schools
Name:
Gault Street Elementary School
Street:
17000 Gault St
Phone:
818-343-1933
Students:
500
Student Teacher Ratio:
22.1
Name:
Mulholland Middle School
Street:
17120 Vanowen St
Phone:
818-609-2500
Students:
1,100
Student Teacher Ratio:
23.3
Private Schools
Name:
St. Bridget of Sweden School
Street:
7100 Whitaker Ave
Phone:
818-785-4422
Students:
240
Colleges
Name:
Los Angeles Valley College
City:
Valley Glen
State:
CA
Distance:
4 miles
Students:
18,000
Name:
California State University, Northridge
City:
Northridge
State:
CA
Distance:
6 miles
Students:
38,600
Healthcare
Access to healthcare is strong in Lake Balboa, with major hospitals like Valley Presbyterian and Kaiser Permanente nearby offering comprehensive emergency and surgical services. Most residents (over 90%) have health insurance, and the area features a high physician-to-population ratio. Healthcare quality and availability are in line with broader Los Angeles standards.
Major Hospitals
Name:
Valley Presbyterian Hospital
Address:
15107 Vanowen St, Van Nuys, CA 91405
Phone:
(818) 782-6600
Type:
General & Surgical
Emergency Services:
Yes
Name:
Kaiser Permanente Panorama City Medical Center
Address:
13652 Cantara St, Panorama City, CA 91402
Phone:
(818) 375-2000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.7
Health Insurance Coverage:
90.8%
Health Care Index:
70.2
Housing Market
What is the housing market like in Lake Balboa, CA?
Lake Balboa’s housing market is competitive, with a median home price of $770,000 and average rent for a two-bedroom at $2,200. Around 60% of homes are owner-occupied, and vacancy and foreclosure rates remain low, indicating a stable market. Home values have appreciated moderately over the past year.
Median Home Price:
$770,000
Average Rent For 2 Bedroom:
$2,200
Owner Occupied Rate:
60.4%
Rental Vacancy Rate:
4.2%
Home Appreciation Rate (1yr):
3.7%
New Construction Rate:
0.9%
Foreclosure Rate:
0.3%
DMV Information
Lake Balboa residents are served by the California Department of Motor Vehicles, located nearby in Sherman Oaks. The local DMV provides standard vehicle registration, licensing, and driver services for California residents. For more information or to make appointments, residents can visit the state DMV website.
State:
California
Department:
California Department of Motor Vehicles
Address:
14920 Ventura Blvd, Sherman Oaks, CA 91403
Phone:
1-800-777-0133
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.