Oak View, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oak View, CA Real Estate Data


Oak View Housing Market Information

With a population of 4,203, 1,493 total housing units (homes and apartments), and a median house value of $558,436, 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 90.33% of the town's housing units. Other types of housing that are prevalent in Oak View include row houses and other attached homes ( 6.71%), duplexes, homes converted to apartments or other small apartment buildings ( 2.96%).

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 76.16% of Oak View's homes, and 66.71% 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 55.46% of the town's housing hails from this era. Other housing ages represented in Oak View include homes built between 1970-1999 ( 33.68%) and housing constructed before 1939 ( 7.63%). There's also some housing in Oak View built between 2000 and later ( 3.22%).

Oak View Home Appreciation Rates

Oak View's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oak View during the period has been just -1.10%, which is lower than 70% of US communities.

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 6.10%, which is higher than appreciation rates in 75.46% 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 1.34%, which equates to an annual appreciation rate of 5.47%.

Relative to California, our data show that Oak View's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$558,436

Oak View, CA HOME PRICES

Value Range
> $1,314,000 5.8
$986,001 - $1,314,000 6.5
$657,001 - $986,000 18.3
$526,001 - $657,000 21.8
$394,001 - $526,000 19.6
$262,001 - $394,000 12.2
$131,001 - $262,000 2.3
$65,001 - $131,000 7.5
$0 - $65,000 6.0

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
4.88961761433507 33.9498018494055

Number Of Homes And Apartments:
1,493

Rent & Ownership

 

Average Market Rent:
$2,026 / per month

Homeownership Rate

Homeownership
Owners 76.16
Renters 23.84
Vacant 1.78

Housing Market Details

 

Age of Homes

AGE OF Oak View HOMES
2000 or Newer 3.2
1970 - 1999 33.7
1940 - 1969 55.5
1939 or Older 7.6

Types of Homes

TYPE OF Oak View HOMES
Single-Family 90.3
Townhomes 6.7
Small Apt. Buildings 3.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oak View HOMES
No Bedroom 1.91
1 Bedroom 6.05
2 Bedrooms 22.37
3 Bedrooms 51.78
4 Bedrooms 14.93
5 or more bedrooms 2.96

Oak View Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
89.80% 3.84% 7 10
* 10 is highest

Zip Codes in Oak View, CA