Oak View, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Oak View Neighborhoods Since 2000




Oak View, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oak View Housing Market Information

With a population of 4,203, 1,475 total housing units (homes and apartments), and a median house value of $502,755, 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 92.49% of the town's housing units. Other types of housing that are prevalent in Oak View include row houses and other attached homes ( 3.92%), duplexes, homes converted to apartments or other small apartment buildings ( 2.99%).

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 80.41% of Oak View's homes, and 71.61% 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 49.34% of the town's housing hails from this era. Other housing ages represented in Oak View include homes built between 1970-1999 ( 37.57%) and housing constructed before 1939 ( 8.98%). There's also some housing in Oak View built between 2000 and later ( 4.12%).

Oak View Home Appreciation Rates

Real estate appreciation rates in Oak View's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

Appreciation rates are so strong in Oak View that despite a nationwide downturn in the housing market, Oak View real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oak View appreciation rates continue to be some of the highest in America, at 6.69%, which is higher than appreciation rates in 79.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oak View. Oak View appreciation rates in the latest quarter were at 1.13%, which equates to an annual appreciation rate of 4.58%.

Relative to California, our data show that Oak View's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$502,755

Oak View, CA HOME PRICES

Value Range
> $1,277,000 9.2
$958,001 - $1,277,000 6.6
$639,001 - $958,000 19.6
$511,001 - $639,000 22.8
$383,001 - $511,000 15.0
$255,001 - $383,000 11.5
$128,001 - $255,000 3.0
$64,001 - $128,000 7.5
$0 - $64,000 4.8

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.85960389077698 39.6825396825397

Number Of Homes And Apartments:
1,475

Oak View Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
93.74% 3.91% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,488 / per month

Homeownership Rate

Homeownership
Owners 80.41
Renters 19.59
Vacant 1.93

Housing Market Details

 

Age of Homes

AGE OF Oak View HOMES
2000 or Newer 4.1
1970 - 1999 37.6
1940 - 1969 49.3
1939 or Older 9.0

Types of Homes

TYPE OF Oak View HOMES
Single-Family 92.5
Townhomes 3.9
Small Apt. Buildings 3.0
Apt. Complexes 0.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Oak View HOMES
No Bedroom 1.20
1 Bedroom 8.18
2 Bedrooms 15.23
3 Bedrooms 54.92
4 Bedrooms 16.69
5 or more bedrooms 3.79

Zip Codes in Oak View, CA