Lake Balboa, San Fernando Valley, CA demographics:
population, income, and more
Lake Balboa population
How many people live in Lake Balboa
Lake Balboa is home to 20,326 residents, according to the most recent Census data. Gender-wise, 48.9% of Lake Balboa locals are male, and 51.1% are female.
Age demographics
The median age in Lake Balboa is 38, with the population distributed as follows: about 17.2% are children under 15, then 12.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 31.1% of the population, while another 26.8% fall into the 45 to 64 bracket. Finally, around 12.3% are 65 or older.
Racial makeup
In Lake Balboa, 60.1% of the population are US-born citizens, while 22.6% have gained naturalized citizenship. At the same time, 17.2% of residents are non-citizens. As for race, 33.3% of locals are Caucasian, 4.2% are African American and 9.8% have Asian roots. There’s also a share of 21% that includes residents with two or more races.
Households in Lake Balboa
A peek inside Lake Balboa households
Lake Balboa has 7,450 households, with an average of 3 members in each. Of these, 64% are families, while the remaining 36% are made up of individuals living alone or with non-relatives, such as roommates.
Households stats
Housing in Lake Balboa
The housing landscape of Lake Balboa
Lake Balboa's housing consists of 7,731 units, with 43% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 4% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 0.6% of the housing landscape.
The age of buildings in Lake Balboa
In Lake Balboa, the median construction year is 1968. About 2.4% of homes were built before the 1940s, with another 9.3% going up by 1949. Most development happened in the second half of the 20th century. Then, 4.7% of homes were added from 2000 to 2009, 3.5% between 2010 and 2019, and 0.7% are part of the newest wave of development.
Lake Balboa occupancy rates
Out of the 7,450 occupied housing units in Lake Balboa, 41.6% are owner-occupied, while 58.4% are lived in by tenants. Meanwhile, 3.6% of all homes on the local market sit vacant.
Lake Balboa housing costs
Housing costs in Lake Balboa come to a median of $2,150 per month, while tenants specifically pay a median gross rent of $1,983.
Education in Lake Balboa
Lake Balboa education at a glance
About 31.3% of the population in Lake Balboa went to high school, while 20% pursued college studies. Another 7.4% earned an associate degree and 20.2% hold a bachelor’s. Meanwhile, 9.9% went even further, earning a master’s or doctorate.
Income in Lake Balboa
How much people earn in Lake Balboa
The average annual household income in Lake Balboa was $106,767 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -0.4% change from the previous year. At the same time, the median income stood at $82,798, reflecting a -2.2% shift over the same period.
Lake Balboa income by age
In Lake Balboa, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $84,584. Those with someone between 45 and 64 in charge, often well established professionally, earn $91,250 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $45,280, while those led by someone over 65, many of whom may be retired, have about $73,708 in earnings. Overall, 82.8% of the locals in this community live above the poverty line.
Employment in Lake Balboa
Workforce and job types in Lake Balboa
79.2% of the working population are employed in professional or administrative positions, while 20.8% are in hands-on or service-based jobs. Also, 15.9% run their own businesses, 64.1% are employed by private companies, and 10.9% work in the public sector.
Workforce demographics
Transportation in Lake Balboa
How people get around in Lake Balboa
Commuting methods vary: 93.1% of residents travel by personal vehicle and 1.5% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.
What is the median and average household income in Lake Balboa by zipcode?
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FAQs about Lake Balboa demographics
What is the total population of Lake Balboa?
What is the gender ratio in Lake Balboa?
- 48.9% males (9,933 residents)
- 51.1% females (10,394 residents)
What is the median age in Lake Balboa?
What is the age distribution of the population in Lake Balboa?
- Under 15: 17.2% (3,507 residents)
- Ages 15-24: 12.5% (2,536 residents)
- Ages 25-44: 31.1% (6,322 residents)
- Ages 45-64: 26.8% (5,456 residents)
- Over 65: 12.3% (2,506 residents)
What is the racial and ethnic makeup of Lake Balboa?
- White: 33.3% (6,760 residents)
- Black or African American: 4.2% (861 residents)
- American Indian and Alaska Native: 1.1% (224 residents)
- Asian: 9.8% (1,989 residents)
- Native Hawaiian and Other Pacific Islander: 0% (5 residents)
- Two or More Races: 21% (4,267 residents)
- Other: 30.6% (6,220 residents)
What percentage of the population in Lake Balboa are U.S.-born citizens?
How many housing units are there in Lake Balboa?
How many households are in Lake Balboa and what is the average household size?
What is the median household income in Lake Balboa?
What is the job market overview for Lake Balboa?
Job types:
- White-collar workers: 79.2% (8,553 residents)
- Blue-collar workers: 20.8% (2,243 residents)
Places of employment:
- Self-employed: 15.9% (1,715 residents)
- Private companies: 64.1% (6,916 residents)
- Governmental workers: 10.9% (1,181 residents)
- Not-for-profit companies: 9.1% (983 residents)
Data source & methodology
The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.
The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.
No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.