The primarily residential Los Angeles neighborhood of Studio City sits in the San Fernando Valley and is included in the famous zip code of 90210 and surrounded by other well-known communities including Hollywood Hills and Sherman Oaks. Covering 7.11 square miles of land, the 2000 U.S. Census reported the population of Studio City was 39,023, a small part of Los Angeles' total population of 3,694,820, and has a total number of 13,086 households.
While being a popular place for families the area is also home to many residents with careers in a variety of entertainment industries including many celebrities such as Zooey Dechanel and George Clooney.
The median household income was $60,014 while the median family household income was $83,561, matching California's median household income between 2006 and 2010. The median housing value was $442,722, just under the median value of owner-occupied housing units in Los Angeles but parallel to the statewide median housing value.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.