What is the Best Neighborhoods USA ranking for Terrace Estates?
Terrace Estates is ranked #27 of 50 eligible neighborhoods in Oxnard; #1,142 of 1,814 eligible neighborhoods in CA; and #9,320 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Terrace Estates
Oxnard, CA | Ventura County
Scored premium profile
Best Neighborhoods USA Index
45.2
Stability and Strength
41.1
Value Opportunity
41.0
Momentum
57.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Oxnard, CA |
| County | Ventura County |
| National rank | #9,320 of 14,967 |
| State rank | #1,142 of 1,814 |
| City rank | #27 of 50 |
| County rank | #37 of 65 |
| National percentile | 37.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $743,866 |
| Year-over-year home value change | 0.7% |
| Month-over-month home value change | 0.29% |
| Home value to income ratio | 6.27 |
| Median household income | $118,683 |
| Bachelor's degree or higher | 8.6% |
| Civilian unemployment rate | 15.6% |
| Homeownership rate | 30.1% |
| Housing vacancy rate | 1.2% |
| Rent burden 30% or higher | 30.5% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Terrace Estates
Is Terrace Estates one of the best neighborhoods in Oxnard?
Terrace Estates has a Best Neighborhoods USA Index of 45.2 and a city ranking of #27 of 50 eligible neighborhoods in Oxnard.
How much are homes worth in Terrace Estates?
The current Zillow Home Value Index for Terrace Estates is approximately $743,866.
Are home values rising or falling in Terrace Estates?
Zillow neighborhood values changed 0.7% year over year and 0.29% month over month.
What is the Neighborhood Momentum Score for Terrace Estates?
Terrace Estates has a Neighborhood Momentum Score of 57.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Terrace Estates?
The NDS-derived neighborhood median household income is approximately $118,683.
How affordable is Terrace Estates relative to household income?
The current Zillow home-value-to-household-income ratio is 6.27. Price-to-income affordability is a major Value Opportunity input.
Is Terrace Estates primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 30.1%.
What is the unemployment rate in Terrace Estates?
The NDS-derived civilian unemployment rate is approximately 15.6%.
How educated are residents of Terrace Estates?
Approximately 8.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Terrace Estates face high rent burden?
Approximately 30.5% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Terrace Estates?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications30
Estimated originations14
Home-purchase applications16
Origination rate48.5%
Home-purchase share52.6%
Average application loan$289,952
Total application loan amount$8,607,242
National application rank#9,271 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 42.3% YoY; originations 29.6% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.