Area Insights of Sherman Oaks, CA
Stay ahead with market trends and local insights that matter.
Market Trends
Home prices are trending down by 3% year-over-year, with a median list price of $1,435,000 and a median sale price of $1,418,027. Properties sell at an average of $1,820,875, typically spending 39 days on the market.
Location
Sherman Oaks, CA
Date
Avg Sale Price
Demand Insights
The market shows moderate activity with a price ratio of 3%, reflecting steady buyer interest. A total of 145 homes were sold with 4 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.
Location
Sherman Oaks, CA
Date
Price Ratio
Schools
Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.
Elementary School
Abc Little School-Sherman Oaks
PK to 1
The Nurtury
PK to KG
Emek Hebrew Academy Teichman Family Torah Center
KG to 8
Merdinian Armenian Evangelical School
PK to 8
St Francis de Sales School
KG to 8
Middle School
High Tech la Middle School
6 to 8
Ratings
C+
Ivy Bound Academy of Math Science and Tech Charter Middle School
5 to 8
Ratings
D
Van Nuys Middle School
6 to 8
Ratings
B-
Millikan Middle School
6 to 8
Ratings
B
High School
No schools available
Climate
Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.
Demographics
Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.
Population
With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 4% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.
Average Age is 40 Years
Household Details
The area's household landscape is diverse, with 40% owner-occupied homes and 60% renter-occupied properties. Family households represent 47% of the population, indicating a strong community focus on family living. The average home value stands at $1,600,709, which suggests ample demand for multi-bedroom properties.
Racial Diversity
The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 8% Asian, 5% Black, and 0% Native residents, alongside 66% White and 14% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.
Income
The area reflects a well-distributed income pattern with approximately 51% of households earning over $100,000 annually, while 25% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.
Employment
The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.
% of People are working in various industries.