It was ranked number 18 of the top 100 places to live by Money Magazine in 2006.It is home to Stevenson Ranch Elementary and Pico Canyon Elementary (part of the Newhall School District), and Rancho Pico Junior High, and West Ranch High School (part of the William S. Hart High School District). The Valencia Marketplace and Stevenson Ranch Shopping Center are popular shopping areas in the community. Six Flags Magic Mountain, an amusement park, is located about three miles north of the community. The area backs up to the historic, oil-mining town of Mentryville, founded in 1875.