Oakbrook / Oakbrook Terrace median real estate price is $1,009,673, which is more expensive than 56.0% of the neighborhoods in California and 88.5% of the neighborhoods in the U.S.
The average rental price in Oakbrook / Oakbrook Terrace is currently $4,873, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.7% of the neighborhoods in California.
Oakbrook / Oakbrook Terrace is an urban neighborhood (based on population density) located in Thousand Oaks, California.
Oakbrook / Oakbrook Terrace real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Oakbrook / Oakbrook Terrace neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Oakbrook / Oakbrook Terrace are 5.1%, which is lower than one will find in 66.2% of American neighborhoods. Demand for real estate in Oakbrook / Oakbrook Terrace is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Thousand Oaks, the Oakbrook / Oakbrook Terrace neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Most neighborhoods are composed of a mixture of ages of homes, but the Oakbrook / Oakbrook Terrace stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 93.2% of the residential real estate here was built in this one time period.
In addition, if you love row houses and attached homes, you will probably really like the Oakbrook / Oakbrook Terrace neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 40.3% of the residential real estate here is classified as row houses and attached homes.
NeighborhoodScout's analysis shows that the Oakbrook / Oakbrook Terrace neighborhood has a greater concentration of residents currently enrolled in college than 95.3% of the neighborhoods in the U.S. With 11.1% of the population here attending college, this is very much a college-focused neighborhood.
Did you know that the Oakbrook / Oakbrook Terrace neighborhood has more Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Eastern European ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Oakbrook / Oakbrook Terrace neighborhood in Thousand Oaks are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.7% of the neighborhoods in America. With 16.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.2% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Oakbrook / Oakbrook Terrace neighborhood, 44.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 27.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.0%), and 7.5% in manufacturing and laborer occupations.
The most common language spoken in the Oakbrook / Oakbrook Terrace neighborhood is English, spoken by 75.2% of households. Some people also speak Spanish (19.4%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Oakbrook / Oakbrook Terrace neighborhood in Thousand Oaks, CA, residents most commonly identify their ethnicity or ancestry as Mexican (20.4%). There are also a number of people of English ancestry (15.5%), and residents who report Italian roots (9.2%), and some of the residents are also of Irish ancestry (9.1%), along with some German ancestry residents (8.7%), among others. In addition, 16.7% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Oakbrook / Oakbrook Terrace neighborhood spend between 15 and 30 minutes commuting one-way to work (43.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (77.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.