The median home value in Lake Balboa, CA is $785,000. The national median home value is $338,100. The average price of homes sold in Lake Balboa, CA is $785,000. Lake Balboa real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake Balboa real estate agent to arrange a tour today!