Thousand Oaks, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Thousand Oaks Neighborhoods Since 2000




Thousand Oaks, 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

Thousand Oaks Housing Market Information

With a population of 129,339, 45,912 total housing units (homes and apartments), and a median house value of $769,383, 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 66.60% of the city's housing units. Other types of housing that are prevalent in Thousand Oaks include large apartment complexes or high rise apartments ( 15.86%), row houses and other attached homes ( 10.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.41%).

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 69.78% of Thousand Oaks's homes, and 63.43% 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 ( 24.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.68%).

Thousand Oaks Home Appreciation Rates

Appreciation rates for homes in Thousand Oaks have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.52%, which ranks in the top 50% nationwide. This equates to an annual average Thousand Oaks house appreciation rate of 0.05%.

Appreciation rates are so strong in Thousand Oaks that despite a nationwide downturn in the housing market, Thousand Oaks real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Thousand Oaks appreciation rates continue to be some of the highest in America, at 5.71%, which is higher than appreciation rates in 71.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Thousand Oaks. Thousand Oaks 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 Thousand Oaks's latest annual appreciation rate is lower than 80% 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.

Average Home Values

 

Median Home Value:
$769,383

Thousand Oaks, CA HOME PRICES

Value Range
> $1,245,000 8.9
$934,001 - $1,245,000 17.3
$623,001 - $934,000 40.5
$498,001 - $623,000 12.9
$373,001 - $498,000 8.4
$249,001 - $373,000 5.5
$124,001 - $249,000 2.9
$62,001 - $124,000 2.0
$0 - $62,000 1.6

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.1387554201336 20.1058201058201

Number Of Homes And Apartments:
45,912

Thousand Oaks 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
101.71% 4.15% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,956 / per month

Homeownership Rate

Homeownership
Owners 69.78
Renters 30.22
Vacant 3.06

Housing Market Details

 

Age of Homes

AGE OF Thousand Oaks HOMES
2000 or Newer 11.7
1970 - 1999 62.7
1940 - 1969 24.9
1939 or Older 0.7

Types of Homes

TYPE OF Thousand Oaks HOMES
Single-Family 66.6
Townhomes 10.8
Small Apt. Buildings 4.4
Apt. Complexes 15.9
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Thousand Oaks HOMES
No Bedroom 1.32
1 Bedroom 6.65
2 Bedrooms 19.53
3 Bedrooms 30.25
4 Bedrooms 33.18
5 or more bedrooms 9.07