Rent, population, and median household income are important factors to consider for a 1031 exchange in Thousand Oaks due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Thousand Oaks, California is a part of the Thousand Oaks Submarket submarket area, and contains 3 zip codes: 91358, 91362, and 91360.
Thousand Oaks Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Thousand Oaks, CA submarket area was $1,926, which is 16.16% higher than 2014 average rent. This represents a compounded annual growth rate of 3.04%. 2019 vacancy in Thousand Oaks, CA was 3.10%.
The total population of the city of Thousand Oaks, CA has grown 0.79% since 2010. As of 2018, the population was 127,690. The median household income of the Thousand Oaks was $105,485, which is 74.95% higher than the national average.
- submarket area Thousand Oaks Submarket
- avg rent $1,926
- rent growth 16.16%
- vacancy 3.10%
- median income $105,485
- population (2018) 127,690
- population growth 0.79%
- vs. nat'l avg 74.95%
- zip codes 91358 91360 91362