Stevenson Ranch is a census-designated place in Los Angeles County, California. The community is located in the Santa Clarita Valley. Often incorrectly referred to as part of the city of Santa Clarita, the community does not actually fall within the city limits and is instead in an unincorporated area. It has many new suburban one- and two-story houses in new developments, with a median value of $1,034,600. Stevenson Ranch encompasses about 6.4 mi2. About 1000 acre are set aside as parks, recreation areas, and open space. Stevenson Ranch is set in the foothills of the Santa Susana Mountains and lies west of Interstate 5. One of the newer communities in the Santa Clarita Valley, which was ranked number 18 of the top 100 places to live by Money Magazine in 2006, This area backs up to the historic, oil-mining town of Mentryville, founded in 1875. A master-planned community, it was approved by the county in 1987. The population was 17,557 at the time of the 2010 census.