Mortgage Rates in Thousand Oaks, California — March 2026
Updated March 2026 | Based on Thousand Oaks market data and regional lending conditions
Thousand Oaks is a growing city in California with a population of 126,398. The current 30-year fixed mortgage rate in Thousand Oaks is 6.71%, which is 0.06% above the national average. With a median home price of $765,000 and a 20% down payment of $153,000, homebuyers can expect a monthly principal and interest payment of approximately $3,953.
Current Mortgage Rates in Thousand Oaks, CA
Below are the current average mortgage rates available in the Thousand Oaks area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.71% | 6.65% | +0.06% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.96% | 6.85% | +0.11% |
Thousand Oaks Housing Market Overview
The Thousand Oaks housing market is competitive with prices well above the national median. The median household income in Thousand Oaks is $84,700, and the cost of living index is 156.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $190,457 to comfortably afford the median-priced home in Thousand Oaks, which exceeds the current median household income.
Monthly Payment Breakdown for Thousand Oaks
Based on the median home price of $765,000 with 20% down ($153,000), here is what you can expect to pay monthly in Thousand Oaks:
15-Year vs. 30-Year Mortgage in Thousand Oaks
Choosing a 15-year mortgage in Thousand Oaks at 5.96% instead of a 30-year at 6.71% would save you $495,900 in total interest over the life of the loan. However, your monthly payment would be $5,151 instead of $3,953 — an increase of $1,198 per month.
Calculate Your Thousand Oaks Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Thousand Oaks
What are the current mortgage rates in Thousand Oaks, CA?
As of March 2026, the average 30-year fixed mortgage rate in Thousand Oaks, California is 6.71%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.06% above the national average of 6.65%.
How much is a monthly mortgage payment in Thousand Oaks?
Based on the median home price of $765,000 with 20% down, the estimated monthly mortgage payment in Thousand Oaks is $3,953 for principal and interest. Including property taxes of $491/month, the total monthly housing cost is approximately $4,444.
What income do I need to buy a home in Thousand Oaks?
Using the 28% rule, you would need an annual income of approximately $190,457 to afford the median-priced home in Thousand Oaks at $765,000. The median household income in Thousand Oaks is $84,700. This means most households would need to either earn above the median or consider homes below $765,000.
Is Thousand Oaks a good place to buy a home in 2026?
Thousand Oaks has a higher cost of living than average with a cost of living index of 156.7 (national average = 100). The property tax rate in California is 0.77%, which is below the national average. Thousand Oaks has a population of 126,398 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Thousand Oaks, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.