Housing in Thousand Oaks

Thousand Oaks' housing market runs genuinely expensive by national standards, with a real, disclosed cross-source spread clustering just under and around $1 million.

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A real, disclosed cross-source spread

Zillow's average home value ran $1,052,875, up a modest 0.5% year-over-year, while separately cited typical-value ($1,028,113) and median ($991,600) figures ran somewhat lower -- all disclosed rather than reconciled, reflecting differing methodologies.

Proposition 13's real assessed-value cap

As with every California market in this project, Thousand Oaks buyers benefit from Proposition 13's real mechanic once they own: assessed value is capped at purchase price and can rise at most ~2% annually, producing a real, disclosed long-time-owner-vs-recent-buyer assessed-value gap over time.

Conejo Valley variance in price and character

Buyers should note that Thousand Oaks itself runs somewhat cooler and, per some sources, somewhat more moderately priced than warmer, more southerly parts of the broader Conejo Valley -- confirm current, address-specific listings directly given real neighborhood-level variance.

Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.