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Real Estate Prices & Overview

The Oaks / New Racquet Club Villas median real estate price is $867,023, which is more expensive than 51.0% of the neighborhoods in California and 87.3% of the neighborhoods in the U.S.

The average rental price in The Oaks / New Racquet Club Villas is currently $3,396, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.3% of California neighborhoods.

The Oaks / New Racquet Club Villas is a suburban neighborhood (based on population density) located in Thousand Oaks, California.

The Oaks / New Racquet Club Villas real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the The Oaks / New Racquet Club Villas 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 The Oaks / New Racquet Club Villas are 3.6%, which is lower than one will find in 76.3% of American neighborhoods. Demand for real estate in The Oaks / New Racquet Club Villas 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.

Notable & Unique Neighborhood Characteristics

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 The Oaks / New Racquet Club Villas neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the The Oaks / New Racquet Club Villas neighborhood has more Greek and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Greek ancestry and 0.8% have Iranian ancestry.

The Oaks / New Racquet Club Villas is also pretty special linguistically. Significantly, 0.7% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 96.0% of the neighborhoods in America.

The Neighbors

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 The Oaks / New Racquet Club Villas neighborhood in Thousand Oaks are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 48.8% of the neighborhoods in America. With 15.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 61.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the The Oaks / New Racquet Club Villas neighborhood, 41.5% 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 35.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.9%), and 10.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the The Oaks / New Racquet Club Villas neighborhood is English, spoken by 54.9% of households. Some people also speak Spanish (36.1%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the The Oaks / New Racquet Club Villas neighborhood in Thousand Oaks, CA, residents most commonly identify their ethnicity or ancestry as Mexican (31.5%). There are also a number of people of English ancestry (8.2%), and residents who report German roots (7.8%), and some of the residents are also of Irish ancestry (7.8%), along with some Asian ancestry residents (4.9%), among others. In addition, 29.1% of the residents of this neighborhood were born in another country.

Getting to Work

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 The Oaks / New Racquet Club Villas neighborhood spend between 15 and 30 minutes commuting one-way to work (40.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (63.8%) 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 (10.5%) and 6.9% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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