If you're looking to move to the San Fernando Valley, Panorama City may be just what you're looking for. The city is a former industrial area that has been developed by residential developer Fritz B. Burns and industrialist Henry J. Kaiser. The master plan was drawn by Wurdeman & Becket. Burns saw the potential of World War II veterans returning to their homes and decided to build houses for them. In 1945, the two men formed the Kaiser Community Homes Corporation. Most homes were purchased with Federal Housing Administration loans or Servicemen's Readjustment Act of 1944.
When it comes to the city's ethnic makeup, Panorama City is dominated by Hispanics. While most of the neighborhood's residents are white, this area has a much higher percentage of Hispanics and Latinos than most neighborhoods in the U.S. The ethnic composition of the city reflects this diversity. There are many different cultures and ethnic groups present, so you can always find a neighbor you identify with.
The population of Panorama City is made up of families with children and couples with children. About 38% of households are headed by a single parent. The rest are headed by two adults. The median household income is $54,364 - a far higher figure than the median income of all neighborhoods in the U.S. The city has a low poverty rate, with 9.7% of children living below the federal poverty line. While this is a relatively low percentage, it is much lower than the national average, at 53.1%.