Thousand Oaks, CA—91320
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 $1,003,000, with a year-over-year change of -1.8%. 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 | $1,003,000 | -1.8% |
| Single Family | $1,032,000 | -1.7% |
| Condos | $582,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $461,000 | -4.4% |
3 Bed | $897,000 | -1.3% |
4 Bed | $1,091,000 | -1.5% |
| 5 Bed | $1,455,000 | -0.7% |
% of Housing Stock
Rental Trends — Thousand Oaks, CA
As of July '25, Rentcast reports the average rent in Thousand Oaks, CA is $4,560, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Thousand Oaks, CA is studios: $2,140, 1-bedrooms: $2,220, 2-bedrooms: $2,840, 3-bedrooms: $4,140, 4-bedrooms: $5,200. The most common rental property sizes in Thousand Oaks, CA are 2-bedroom and 3-bedroom, accounting for 36.2% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,200 | $4,560 |
| Studio Rent | $2,000 | $2,140 |
| 1 Bed Rent | $2,120 | $2,220 |
| 2 Bed Rent | $2,750 | $2,840 |
| 3 Bed Rent | $4,000 | $4,140 |
| 4 Bed Rent | $5,150 | $5,200 |
% 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 48. This is a increase of 27.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,060,000 | -8.0% |
Listing Count | 130 | 76.0% |
| Listings as % of Homes | 0.3% | 76.0% |
Days on Market | 48 | 27.0% |
Demographics — Thousand Oaks, CA
As of the latest ACS Survey released in 2023, Thousand Oaks, CA has a population of 43,600, which has decreased by -4.2% over the past 5 years. Thousand Oaks, CA is a moderately popular place for families, as children make up 22.6% of the population. The area has a highly educated workforce, with 53.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,600 | -4.2% |
% Under 18 | 22.6% | -11.4% |
% Seniors | 18.4% | 21.9% |
% WFH | 23.8% | 186.7% |
% w/ College Degree | 53.3% | 6.4% |
As of the latest ACS Survey released in 2023, Thousand Oaks, CA is a predominantly white area, with 62.6% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Thousand Oaks, CA is hispanic, making up 18.5% of the population. Foreign-born residents account for 19.3% of the population in Thousand Oaks, CA, and this percentage has increased by 6.0% 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 | 62.6% | -7.1% |
% Black | 2.4% | 118.2% |
% Hispanic | 18.5% | 10.8% |
% Asian | 11.5% | -2.5% |
% Foreign Born | 19.3% | 6.0% |
Mortgage and Risk — Thousand Oaks, CA
According to HUD data as of 2023, there were 553 mortgage originations in Thousand Oaks, CA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 8.0% 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. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 553 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
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 2.2%. 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 and 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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 84 |
Total Units Section 8 | 84 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $2,120 | $2,620 |
| 2 Bedroom | $380 | $2,750 | $3,130 |
| 3 Bedroom | $270 | $4,000 | $4,270 |
| 4 Bedroom | -$180 | $5,150 | $4,970 |
Affordability — Thousand Oaks, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $1,003,000 |
| Median Household Income | $151,000 |