What to know before you move: cost, market timing, who it fits.
If you're considering a move to Calabasas, CA, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Calabasas is a city in Los Angeles County, California, with an estimated population of 22,256. It anchors the Los Angeles-Long Beach-Anaheim metro area. The population has contracted 1.1% per year on average since 2020. The median home value in Calabasas is $1,734,633 as of 2026-04, up 0.1% over the last 12 months. Over the last five years, home values have averaged +5.5% annual growth, with prices at or near the 5-year peak. Rents in Calabasas average $3,616 per month, down 2.9% year-over-year. The composite momentum score is 55 of 100 (Stable). Conditions are neither hot nor cold, so the local fit matters more than market timing.
Sideways market (+0.1% YoY). No urgency to time the macro trend — focus on the home and neighborhood.
Reasons people move here
- Healthy 5-year run: +5.5% annualized over 5 years, outpacing US inflation.
- Held the highs: currently -1.8% from the 5-year peak — this market refused to give back gains.
Things to know first
- Net out-migration: population shrinking 1.1% per year — services, schools, and tax base will follow.
- Expensive AND not growing: median home $1,734,633 with only +0.1% YoY. You're paying premium pricing for a flat trend.
More about Calabasas
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.