Sherman Oaks boundaries are Mulholland Drive to the south, Firmament St as it crosses Ventura Blvd. to the west, Oxnard to the north and the eastern boundary is Coldwater Canyon Avenue from Burbank south to Magnolia where it jogs west to Fulton Ave. at Ventura Blvd. The boundary line then follows Longridge Ave south to Mulholland Drive.
The median home value (2016) is $866,100. That is an increase of over 9% in the last year and it is predicted that Sherman Oaks Home Values will rise almost 2% in the next year. The median rent is $3,700.