Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 124,265 people, 46,143 houses or apartments, and a median cost of homes of $1,177,737, real estate costs in Thousand Oaks are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Thousand Oaks, accounting for 66.79% of the city's housing units. Other types of housing that are prevalent in Thousand Oaks include large apartment complexes or high rise apartments ( 14.09%), row houses and other attached homes ( 12.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.49%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Thousand Oaks. Owner-occupied housing accounts for 67.97% of Thousand Oaks's homes, and 63.74% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Thousand Oaks built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Thousand Oaks built between 1940-1969 ( 24.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.17%).
Thousand Oaks's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Thousand Oaks during the period has been just 5.68%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Thousand Oaks's appreciation rate, at 5.68%, has been at or slightly above the national average. In the latest quarter, Thousand Oaks's appreciation rate has been 2.53%, which annualizes to a rate of 10.52%.
Relative to California, our data show that Thousand Oaks's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Thousand Oaks differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Thousand Oaks - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Thousand Oaks real estate investment or home purchase decisions.
$1,177,737
for California
for nation
46,143
$4,302 / per month