Total monthly cost of ownership
Cost to Own a Home in Thousand Oaks, California
A $951,000 home here costs
$6,998per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $300,000 a year.
A standard mortgage calculator would have told you $5,268. The real number is $1,730 higher every month, 33% more than the payment most buyers budget for.
Compare Ventura County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Thousand Oaks against Ventura County and California
| Measure | Thousand Oaks | Ventura County |
|---|---|---|
| Median home value | $951,200 | $768,400 |
| Median property tax | $6,641 | $5,326 |
| Effective tax rate | 0.698% | 0.693% |
| Median gross rent | $2,580 | $2,248 |
| Population | 125,676 | 838,259 |
The weather behind that power bill
Thousand Oaks sits in Ventura County, which averages a high of 79.6°F in its hottest month and a low of 43.8°F in its coldest, with 12.01" of precipitation a year and 65% of it in a single three-month stretch. That climate drives 643 cooling and 1,551 heating degree days, which is what sets the $169 electricity line above.
See the full climate breakdown for Ventura County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ventura County
Full Ventura County cost breakdown · Every county in California
Talk to someone who works this market
These are Thousand Oaks averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Thousand Oaks every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Thousand Oaks I already own here and may sell
Common questions
How much does it cost to own a home in Thousand Oaks?
A $951,000 home in Thousand Oaks, California costs approximately $6,998 per month with 20% down at 7.4%. That is $5,268 principal and interest, $553 property tax, $147 homeowners insurance, $237 utilities and $793 set aside for maintenance.
What is the property tax rate in Thousand Oaks?
Thousand Oaks has an effective property tax rate of 0.698%, based on a median home value of $951,200 and median real estate taxes of $6,641. That is in line with the Ventura County average of 0.693%.
What is the average home price in Thousand Oaks?
The median owner-occupied home value in Thousand Oaks, California is $951,200, against $768,400 across Ventura County.
Is it cheaper to rent or buy in Thousand Oaks?
Median gross rent in Thousand Oaks is $2,580 a month, against $6,998 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Thousand Oaks?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Thousand Oaks, California at today's rate takes a household income of roughly $300,000 a year. That covers the full $6,998 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Thousand Oaks, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for California.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.