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 6,215 people, 2,198 houses or apartments, and a median cost of homes of $1,016,660, real estate costs in Oak View 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 Oak View, accounting for 92.04% of the town's housing units. Other types of housing that are prevalent in Oak View include duplexes, homes converted to apartments or other small apartment buildings ( 1.81%), row houses and other attached homes ( 1.56%), and a few mobile homes or trailers ( 1.47%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oak View. Owner-occupied housing accounts for 76.54% of Oak View's homes, and 71.77% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Oak View's housing was primarily built during this period, from the '40s through the '60s. A full 59.50% of the town's housing hails from this era. Other housing ages represented in Oak View include homes built between 1970-1999 ( 31.27%) and housing constructed between 2000 and later ( 6.03%). There's also some housing in Oak View built before 1939 ( 3.20%).
Appreciation rates for homes in Oak View have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.75%, which ranks in the top 50% nationwide. This equates to an annual average Oak View house appreciation rate of 6.56%.
Over the last year, Oak View appreciation rates have trailed the rest of the nation. In the last twelve months, Oak View's appreciation rate has been 3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oak View were at 0.56%, which equates to an annual appreciation rate of 2.28%.
Relative to California, our data show that Oak View's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
$1,016,660
for California
for nation
2,198
$3,085 / per month