Lake Balboa home prices and affordability, 2019 to 2025
Lake Balboa home prices rose about 38% from 2019 to 2025, and with higher mortgage rates, buying the median home here now takes $2,160 more a month.
How prices moved
Lake Balboa rose about as much as LA County
On our own index, Lake Balboa home prices rose 38% from 2019 to 2025, against 39% for LA County as a whole, and we rate it high confidence.
The median sale rose by about the same, from $602,516 to $870,000. Our own index and the median sale measure different things, so in other neighborhoods they can tell different stories.
See LA County home prices by neighborhoodWhat it costs to buy now
$2,160 more a month than in 2019
With 20% down on the median sale, the monthly mortgage payment went from $2,285 in 2019 to $4,445 in 2025. About half the rise, $1,190, came from higher prices and $970 from the higher mortgage rate, 6.60% against 3.94%.
The 20% down payment grew from $120,503 to $174,000.
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Create a free accountA model-generated estimate and analytical context, not investment advice. The estimated value comes from an automated valuation model (AVM). An AVM is an estimated sale price for a property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.
Questions about Lake Balboa
How much have Lake Balboa home prices changed since 2019?
On our own index, Lake Balboa home prices rose about 38% from 2019 to 2025, against about 39% for LA County as a whole. We rate the figure high confidence. The median sale went from $602,516 to $870,000.
How much does it cost to buy a home in Lake Balboa?
The median Lake Balboa home sold for $870,000 in 2025. With 20% down, $174,000, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $4,445 before taxes and insurance.
What income do you need to buy in Lake Balboa?
About $178,000 a year for the median Lake Balboa home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $91,000 in 2019. Lenders apply their own tests, and taxes and insurance come on top of the payment.
How much has the monthly mortgage payment in Lake Balboa changed since 2019?
The monthly mortgage payment on the median Lake Balboa home rose $2,160, from $2,285 in 2019 to $4,445 in 2025. Higher prices added $1,190, and the higher mortgage rate, 3.94% to 6.60%, added $970.
How does Lake Balboa compare with LA County?
The monthly mortgage payment on the median Lake Balboa home was $4,445 in 2025, higher than the $4,410 on the median LA County home. Since 2019 it rose $2,160, and LA County’s rose $2,135.
What does the full cost to own a home add?
Property tax, insurance, HOA dues and upkeep come on top of the monthly mortgage payment shown here. A free account’s Cost to Own adds them up for a specific home, and three homes a month are free.
Home prices: our own index from Los Angeles County Assessor sales, 2019 to 2025. Monthly mortgage payment is principal and interest on the median sale with 20% down and a 30-year fixed loan, at each year’s average Freddie Mac rate (3.94% in 2019, 6.60% in 2025); taxes and insurance are not included. Sales: Los Angeles County Assessor.