Thousand Oaks, California Housing Market Prices
Thousand Oaks Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 61% above the California median$1,048,005
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Median rent 30% above the California median$2,650
Housing Market Overview
| Metric | Thousand Oaks | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,048,005 | $650,794 | $248,835 |
| Price Trend (Annual %) | 4.3% | 8.9% | 7.5% |
| Median Gross Rent | $2,650 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Thousand Oaks is about 61% higher than in California. Rent is about 30% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Thousand Oaks, up about 4.3% and 4.3% a year respectively. Rent is changing faster.
Median rent in Thousand Oaks rose about 46.6% between 2015 and 2024, from $1,808 to $2,650. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 7.8 yearly household incomes in Thousand Oaks.
Buying the median-priced home in Thousand Oaks costs roughly 33.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Thousand Oaks. The price-to-rent ratio in California is about 26.6.
| Metric | Thousand Oaks | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,048,005 | $650,794 | $248,835 |
| Median Household Income | $134,372 | $99,161 | $80,455 |
| Price-to-Income Ratio | 7.8 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Thousand Oaks rose about 42.1%, while median household income rose about 31.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Thousand Oaks | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.4% | 51.7% | 58.5% |
| Rental Rate | 27.5% | 40.8% | 31.2% |
| Vacancy Rate | 3.1% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Thousand Oaks has a homeownership rate of 69.4%, higher than the California average of 51.7%. Its housing vacancy rate is 3.1%, compared with 7.5% in California.
Housing Stock
| Metric | Thousand Oaks | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.0 | 5.5 |
The typical housing unit in Thousand Oaks was built around 1979. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Thousand Oaks, California.
What is the median home price in Thousand Oaks, California?
The median home price in Thousand Oaks, California is $1,048,005, higher than the California average of $650,794.
What is the average home price in Thousand Oaks, California?
The typical home price in Thousand Oaks, California, reported as the median sale price, is $1,048,005. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Thousand Oaks, California?
The median gross rent in Thousand Oaks, California is $2,650 per month, higher than the California average of $2,036.
What was the median gross rent in Thousand Oaks in 2020?
In 2020, the median gross rent in Thousand Oaks, California was $2,202 per month.
What is the price-to-rent ratio in Thousand Oaks, California?
The price-to-rent ratio in Thousand Oaks, California is about 33.0, meaning it would take roughly 33.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Thousand Oaks.
Are home prices or rent rising faster in Thousand Oaks, California?
Both home prices and rent are rising in Thousand Oaks, up about 4.3% and 4.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Thousand Oaks, California?
69.4% of households in Thousand Oaks, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Thousand Oaks, California?
The housing vacancy rate in Thousand Oaks, California is 3.1%, lower than the California average of 7.5%.
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