Thousand Oaks, CA—91360
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thousand Oaks, CA
As of Oct '25, the median home price in Thousand Oaks, CA is $1,000,000, with a year-over-year change of -1.6%. This indicates that home prices in Thousand Oaks, CA are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,000,000 | -1.6% |
| Single Family | $1,020,000 | -1.5% |
| Condos | $516,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $370,000 | -6.8% |
2 Bed | $594,000 | -2.6% |
3 Bed | $914,000 | -1.7% |
4 Bed | $1,075,000 | -1.6% |
| 5 Bed | $1,172,000 | -2.5% |
% of Housing Stock
Rental Trends — Thousand Oaks, CA
As of July '25, Rentcast reports the average rent in Thousand Oaks, CA is $3,640, with a year-over-year rent change of -12.5%. Per bedroom, the median rent as of July '25 in Thousand Oaks, CA is studios: $2,720, 1-bedrooms: $2,700, 2-bedrooms: $3,460, 3-bedrooms: $4,140, 4-bedrooms: $5,380. The most common rental property sizes in Thousand Oaks, CA are 2-bedroom and 1-bedroom, accounting for 30.6% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,160 | $3,640 |
| Studio Rent | $2,620 | $2,720 |
| 1 Bed Rent | $2,700 | $2,700 |
| 2 Bed Rent | $3,190 | $3,460 |
| 3 Bed Rent | $3,750 | $4,140 |
| 4 Bed Rent | $4,950 | $5,380 |
% of Rental Stock
Property Listings — Thousand Oaks, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Thousand Oaks, CA is 53. This is a increase of 21.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,050,000 | 1.0% |
Listing Count | 108 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 53 | 21.0% |
Demographics — Thousand Oaks, CA
As of the latest ACS Survey released in 2023, Thousand Oaks, CA has a population of 42,300, which has decreased by -2.4% over the past 5 years. Thousand Oaks, CA is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 43.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,300 | -2.4% |
% Under 18 | 18.6% | -3.6% |
% Seniors | 21.0% | 7.1% |
% WFH | 18.6% | 109.0% |
% w/ College Degree | 43.9% | 3.3% |
As of the latest ACS Survey released in 2023, Thousand Oaks, CA is a predominantly white area, with 58.9% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Thousand Oaks, CA is hispanic, making up 25.0% of the population. Foreign-born residents account for 18.6% of the population in Thousand Oaks, CA, and this percentage has increased by 8.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.9% | -11.3% |
% Black | 2.1% | 75.0% |
% Hispanic | 25.0% | 15.2% |
% Asian | 7.8% | -2.5% |
% Foreign Born | 18.6% | 8.8% |
Mortgage and Risk — Thousand Oaks, CA
According to HUD data as of 2023, there were 529 mortgage originations in Thousand Oaks, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Thousand Oaks, CA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 529 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Thousand Oaks, CA
As of 2024, the percent of homes in Thousand Oaks, CA under the Section 8 program is 6.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Thousand Oaks, CA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 423 |
Total Units Section 8 | 311 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 92.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $2,700 | $2,390 |
| 2 Bedroom | -$330 | $3,190 | $2,860 |
| 3 Bedroom | $150 | $3,750 | $3,900 |
| 4 Bedroom | -$410 | $4,950 | $4,540 |
Affordability — Thousand Oaks, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $1,000,000 |
| Median Household Income | $117,000 |