Quick facts: Canoga park, CA

Quick Facts

125.8
Cost of Living
above US average
58,116
Population
48.18
Crime Rate per 1000
above US average
$78,500
Median Income
below US average
$464,900
Median House Price
above US average
$5003.24
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $78,500.

🏠

Income Needed to Buy

βœ— Stretch
$146k/year
Based on $464,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $146k vs median $78,500
🏒

Income Needed to Rent

⚠ Stretch
$214k/year
Based on $5003.24/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $214k vs median $78,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Canoga park, CA

Canoga Park is a vibrant neighborhood located in the San Fernando Valley region of Los Angeles, California. Known for its diverse community and rich cultural landscape, Canoga Park serves as a blend of suburban living and urban amenities. The area features a variety of parks, including the popular Lanark Park, which offers playgrounds, sports facilities, and picnic areas. The neighborhood is steeped in history, originally established as a farming community. Today, it boasts a range of residential options, from single-family homes to apartment complexes. The ethnic diversity is reflected in the local dining scene, with numerous restaurants serving cuisines from around the world. Canoga Park is well-connected by public transport, including the Metro Orange Line, making it accessible for commuters. The area's proximity to the Topanga Canyon and the Santa Monica Mountains offers residents and visitors opportunities for hiking and outdoor activities. In terms of education, Canoga Park is served by several public schools operated by the Los Angeles Unified School District, alongside private and charter options. Overall, Canoga Park balances a suburban feel with access to urban resources, making it an appealing place to live and visit.

πŸ” Search & Compare Places

First Location πŸ“