Rankings/Oxnard-Thousand Oaks-Ventura, CA

Oxnard-Thousand Oaks-Ventura, CA

Below AverageTier 1CBSA 37100Compare

Risk Rank: #247 of 273Month: 2026-08Score change (12m):↓ -8

35score

Composite risk percentile vs 273 metros (higher = higher risk)

Executive Summary

Oxnard's housing market shows below-average risk, ranking 247th of 273 metros. The market recently entered Expansion. Current conditions are balanced with stable liquidity. Broad-based growth with healthy fundamentals.

Oxnard experienced a market correction from early 2025 through mid-2025. The market has since normalized and entered Expansion.

Inventory is roughly flat (+2% YoY) with homes selling at a normal pace — a balanced market.

Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.

Cycle Phase

RecoveryExpansionHypersupplyRecession

1 month in current phase

Normal growth conditions with balanced fundamentals

Key Dynamics

Risk is primarily driven by employment and permit growth, while price momentum provides the most support.

Top Drivers

Employmentp79

12-month employment change (risk inverted)

Permit Growthp51

YoY permit change

Migrationp51

Net AGI migration (risk inverted)

Market Signals

Inventory is roughly flat (+2% YoY) with homes selling at a normal pace — a balanced market.

Liquidity

Stable↑

Active Listings YoY

+2.4%p51

Days on Market YoY

-5.5%p36

Months in status1

Data through Aug 2026

Valuation

Balanced—

Rent vs. Price Growth

+3.1%p92

Months in status1

Data through Aug 2026Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Lower riskHigher risk

Low RiskBelow AvgNeutralElevatedHigh Risk

Price MomentumLow Risk

-1.7%p1

12-month HPI change — higher = overheating

Permit GrowthNeutral

+1.7%p51

YoY permit change — higher = supply pressure

Permits per CapitaLow Risk

1.84p15

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityLow Risk

0.25p15

Mortgage payment / income — higher = more burdened

EmploymentElevated

-0.5%p79

12-month employment change (risk inverted)

MigrationNeutral

+$4Kp51

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Normal expansion. Credit is available, transactions are healthy — no constraints on current growth momentum.

Bank Lending Standards

+0.0Normal

Rate Change (YoY)

+11 bpsNormal

Mortgage Risk Premium

+196 bpsElevated

Stable for 10 quartersData through 2026-Q3

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.89Elevated

Completion-Permit Divergence

-19.2 ppNormal

Accumulating for 6 quartersData through 2026-Q3

Local Signals

Metro Permit Activity

Permit Activity

Normal

YoY Permit Growth

+1.7%Within norm

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Supply and demand are in equilibrium. No unusual activity on either side of the market.

Employment Concentration

Employment

Diversified

Largest SectorHealth Care 14.8%

QCEW 2024 annual averages

Internal Structure

County-level structural analysis.

County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2026-06	Rec	43	38	56	22	79	51
2025-12	Hyp	49	26	92	23	81	51
2025-10	Hyp	45	27	85	21	91	26
2025-07	Hyp	44	16	85	21	94	26
2025-05	Ress	41	31	85	22	62	26
2025-03	Ress	48	61	85	26	73	26
2024-12	Rec	46	40	85	24	79	26
2024-11	Hyp	44	39	85	24	74	26
2024-09	Hyp	48	57	85	25	76	26
2024-07	Ress	44	63	85	25	46	26
2024-05	Ress	46	44	85	23	78	26
2024-03	Exp	43	43	85	24	59	26
2024-01	Exp	37	33	85	24	37	26
2023-10	Exp	50	59	85	28	83	26
2023-08	Rec	44	29	85	26	78	26
2023-06	Rec	45	23	85	28	88	26
2023-03	Hyp	46	23	85	30	94	26
2023-01	Hyp	46	23	85	30	92	26
2022-12	Ress	44	10	85	27	94	26
2022-10	Ress	42	10	85	27	83	26
2022-09	Hyp	43	24	85	33	72	26
2022-08	Ress	42	28	85	33	60	26
2022-06	Ress	42	49	85	38	37	26
2022-05	Hyp	41	50	85	38	29	26
2022-04	Exp	42	50	85	38	31	26
2022-02	Exp	38	50	85	38	12	26
2021-12	Rec	36	49	85	35	15	17
2021-10	Rec	37	50	85	36	16	17
2021-09	Exp	37	48	85	35	18	17
2021-07	Exp	40	44	85	35	38	17
2021-04	Exp	38	30	85	34	44	17
2021-03	Rec	44	26	85	35	80	17
2021-01	Rec	45	26	85	35	89	17
2020-12	Exp	42	19	85	30	80	18
2020-10	Exp	42	20	85	30	82	18
2020-09	Rec	43	19	85	32	86	18
2020-07	Rec	42	15	85	32	81	18
2020-05	Exp	41	14	85	33	77	18
2020-03	Exp	35	13	85	35	39	18
2020-01	Rec	33	9	85	35	35	18
2019-11	Rec	35	7	85	34	44	21
2019-08	Rec	36	9	85	37	47	21
2019-05	Rec	37	7	85	38	55	21
2019-03	Ress	42	18	85	41	68	21
2019-01	Ress	43	22	85	41	73	21

Data Vintages

Price (HPI)2026-Q2

Permits2026-08

Income2024

Employment2026-08

Migration2023