Thousand Oaks, CA—91362
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 $1,182,000, with a year-over-year change of -1.4%. This indicates that home prices in Thousand Oaks, CA are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,182,000 | -1.4% |
| Single Family | $1,281,000 | -1.8% |
| Condos | $638,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $404,000 | -6.0% |
2 Bed | $595,000 | -3.3% |
3 Bed | $998,000 | -1.4% |
4 Bed | $1,327,000 | -1.7% |
| 5 Bed | $2,225,000 | 0.0% |
% of Housing Stock
Rental Trends — Thousand Oaks, CA
As of July '25, Rentcast reports the average rent in Thousand Oaks, CA is $4,510, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Thousand Oaks, CA is 1-bedrooms: $2,610, 2-bedrooms: $3,120, 3-bedrooms: $4,820, 4-bedrooms: $5,840. The most common rental property sizes in Thousand Oaks, CA are 2-bedroom and 3-bedroom, accounting for 42.2% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,400 | $4,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,580 | $2,610 |
| 2 Bed Rent | $3,100 | $3,120 |
| 3 Bed Rent | $4,600 | $4,820 |
| 4 Bed Rent | $5,600 | $5,840 |
% 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 67. This is a increase of 30.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,350,000 | -5.0% |
Listing Count | 131 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 67 | 30.0% |
Demographics — Thousand Oaks, CA
As of the latest ACS Survey released in 2023, Thousand Oaks, CA has a population of 36,200, which has remained stable by 0.4% over the past 5 years. Thousand Oaks, CA is a moderately popular place for families, as children make up 19.2% of the population. The area has a highly educated workforce, with 55.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,200 | 0.4% |
% Under 18 | 19.2% | -10.3% |
% Seniors | 19.7% | 3.7% |
% WFH | 21.8% | 134.4% |
% w/ College Degree | 55.7% | 2.6% |
As of the latest ACS Survey released in 2023, Thousand Oaks, CA is a predominantly white area, with 67.7% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Thousand Oaks, CA is hispanic, making up 15.9% of the population. Foreign-born residents account for 18.8% of the population in Thousand Oaks, CA, and this percentage has increased by 3.3% 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 | 67.7% | 0.6% |
% Black | 2.0% | 33.3% |
% Hispanic | 15.9% | -12.2% |
% Asian | 9.3% | -3.1% |
% Foreign Born | 18.8% | 3.3% |
Mortgage and Risk — Thousand Oaks, CA
According to HUD data as of 2023, there were 499 mortgage originations in Thousand Oaks, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Thousand Oaks, CA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 499 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
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 7.3%. 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. 1-bedroom and 2-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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 344 |
Total Units Section 8 | 296 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $2,580 | $2,650 |
| 2 Bedroom | $80 | $3,100 | $3,180 |
| 3 Bedroom | -$280 | $4,600 | $4,320 |
| 4 Bedroom | -$580 | $5,600 | $5,020 |
Affordability — Thousand Oaks, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $1,182,000 |
| Median Household Income | $144,000 |