Total monthly cost of ownership
Cost to Own a Home in Thousand Oaks, California
A $951,000 home here costs
$6,749per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,889. The real number is $1,860 higher every month — 38% more than the payment most buyers budget for.
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 $299 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
Common questions
How much does it cost to own a home in Thousand Oaks?
A $951,000 home in Thousand Oaks, California costs approximately $6,749 per month with 20% down at 6.66%. That is $4,889 principal and interest, $553 property tax, $147 homeowners insurance, $367 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 $6,749 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.