Why Live in Terrace Estates
Terrace Estates in Oxnard is a suburban neighborhood characterized by Mid-Century modern, ranch-style, and Spanish Colonial Revival homes. Located in eastern Oxnard, it is bordered by Channel Islands Boulevard, Oxnard Boulevard, and Victoria Avenue, providing access to the Pacific Ocean, shopping, dining, and entertainment. The neighborhood features palm trees and well-maintained lawns, with some homes showcasing desert landscaping. Terrace Estates has a mix of single-family homes, apartments, and condominiums, with a higher proportion of single-family residences. Families appreciate the proximity to Oxnard College, which offers post-secondary education options. Outdoor features include College Park with an off-leash dog park, soccer fields, and basketball courts, and Pleasant Valley Park with tennis courts and picnic areas. Port Hueneme Beach and Park, less than three miles away, offers walking paths, a gazebo, and a lighthouse. Residents enjoy shopping and dining at The Collection at RiverPark and authentic Mexican food from Juarez Tacos. For groceries, options include Island Pacific Seafood Market and Ralphs. Entertainment is available at Oxnard College's School for the Performing Arts and the South Oxnard Branch Library. The closest hospital, Dignity Health - St. John's Regional Medical Center, is just over 5 miles away.
Frequently Asked Questions
Is Terrace Estates a good place to live?
Terrace Estates is a good place to live. Terrace Estates is considered somewhat walkable and bikeable with some transit options. Terrace Estates is a suburban neighborhood. Terrace Estates has 6 parks for recreational activities. It is very dense in population with 25.9 people per acre and a median age of 32. The average household income is $101,653 which is above the national average. College graduates make up 8.2% of residents. A majority of residents in Terrace Estates are renters, with 52.4% of residents renting and 47.6% of residents owning their home. A
local real estate agent serving Terrace Estates can help you decide if this neighborhood is the right one for you. Learn more on our
Terrace Estates neighborhood guide.
How much do you need to make to afford a house in Terrace Estates?
The median home price in Terrace Estates is $1,450,000. If you put a 20% down payment of $290,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $7,500 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $321K a year to afford the median home price in Terrace Estates. The average household income in Terrace Estates is $102K.
What are the best public schools in Terrace Estates?
The best public schools that serve Terrace Estates are:
What are the most popular zip codes in Terrace Estates, Oxnard, CA?
What are the most popular neighborhoods near Terrace Estates, Oxnard, CA?
Are home prices dropping in Terrace Estates?
Yes, home prices in Terrace Estates are down 11% in the last 12 months.
Home Trends in Terrace Estates, CA
On average, homes in Terrace Estates, Oxnard sell after 22 days on the market compared to the national average of 70 days. The median sale price for homes in Terrace Estates, Oxnard over the last 12 months is $1,100,000, up 75% from the median home sale price over the previous 12 months.
Median Sale Price
$1,100,000
Median Single Family Sale Price
$1,100,000
Median 2 Bedroom Sale Price
$129,500
Average Price Per Sq Ft
$206
Number of Homes for Sale
0
Last 12 months Home Sales
8
Median List Price
$1,450,000
Median Change From 1st List Price
24%
Median Home Sale Price YoY Change
75%