Located in southeastern Ventura County, Thousand Oaks is the most populated area of the Conejo Valley and is a popular place for families after being named one of the best places to live by Money magazine in 2006.
The U.S. Census of Population and Housing reports the city's population grew 8.3 percent between 2000 and 2010, reaching 126,683 residents, while California's overall population increased 10 percent. According to data from the Census Bureau, there were 45,836 households in 2010 and 72.8 percent of them were made up of families. The median household income between 2006 and 2010 was $98,713, well over the statewide average of $60,883, which likely gave a boost to the median value of owner-occupied housing units in Thousand Oaks of $673,500. The average is comparable to that of homes for sale in Los Angeles.
The 2010 Census listed the median age of those living in the city as around 42 and 23.7 percent of residents were under the age of 18. Data shows the majority was between the ages of 45 and 64 and 14.7 percent of the city's population was 65 years of age or older.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.