Buyers who search "Rancho Conejo Thousand Oaks business" are usually asking a practical question: is there a real economy here, or is this a place people sleep between commutes? The answer is the former. The new Conejo Summit business park, 50 acres with a 750,000 square foot industrial campus, is described as the final piece of decades of development in the area, built to draw the kind of life science and aerospace firms that already call it home. Below is what that means for jobs, and what it means for the price of a house.
Key Takeaways
- Conejo Summit business park spans 50 acres with a 750,000 square foot industrial campus targeting biotech and aerospace companies.
- Job boards show over 100,000 listings tied to Thousand Oaks in 2026 (likely covering the broader region), and median household income is $137,109 versus $79,466 nationally.
- The median sale price in Thousand Oaks was about $1.0 million in the most recent month tracked, down 16.3% year over year, at $539 per square foot.
- Alexandria Real Estate built projects totaling 450,000+ square feet housing clients including Amgen, Moderna and Johnson & Johnson.
- Employment sectors with highest median earnings include Information at $158,512 for men and $117,792 for women.
Rancho Conejo Industrial Park is a Thousand Oaks business hub anchored by biotech and aerospace firms, including Amgen, Moderna, and Johnson & Johnson. The 50 acre Conejo Summit adds a 750,000 square foot campus. Job boards show over 100,000 listings tied to Thousand Oaks in 2026, and median household income is $137,109, compared to $79,466 nationally.
What Companies Are in Rancho Conejo Industrial Park?
Rancho Conejo Industrial Park targets life sciences, aerospace and defense, manufacturing and beyond, with developers specifically seeking to attract larger companies "like the groups that are already here, the Amgens of the world." Sares Regis Group purchased 11 acres in Thousand Oaks' Rancho Conejo industrial area for a project encompassing two industrial tech buildings totaling approximately 190,000 square feet.
The area has become a genuine biotech cluster. Capsida Biotherapeutics turned a vacant space on Rancho Conejo Boulevard into a lab where the company develops, tests and manufactures gene therapies, with the vision to include clinical and commercial manufacturing all under one roof. Alexandria Real Estate Equities, a major life science developer, has built projects at 1280, 1290 and 1300 Rancho Conejo Boulevard with clients including Amgen, Moderna and Johnson & Johnson, creating projects with potential to attract hundreds of high-paying jobs.
Source: City of Thousand Oaks, Alexandria Real Estate, March 2026
The broader Conejo Valley has a surprisingly wide mix of startups and long-established companies across electronics, Internet, biotechnology, telecommunications, automotive, healthcare, computing, aerospace, finance and retail.
How Many Jobs Does Amgen Create in Thousand Oaks?
The honest answer is that Amgen does not publish a Thousand Oaks headcount, so any specific number you see elsewhere is an estimate. What the data does show is the size of the market around it. Aggregated job boards list over 100,000 postings associated with Thousand Oaks in 2026 (between 103,452 and 124,344 depending on the period), a figure that almost certainly sweeps in the surrounding region, since the city itself employs roughly 61,800 people.
Employment in Thousand Oaks was essentially flat from 2023 to 2024 at 61,800 employees, according to Bureau of Labor Statistics data, with the most common job groups being Management Occupations (9,226 people), Sales & Related Occupations (6,750 people), and Business & Financial Operations Occupations (5,718 people). The most common employment sectors are Professional, Scientific, & Technical Services (8,555 people), Health Care & Social Assistance (7,292 people), and Educational Services (6,059 people).
The industries with the best median earnings for men are Information ($158,512), Manufacturing ($146,676), and Finance & Insurance, & Real Estate & Rental & Leasing ($130,179), while women earn highest in Information ($117,792), Manufacturing ($112,125), and Finance & Insurance ($83,044). The median household income in Thousand Oaks is $137,109, compared with the national median of $79,466.
What Are Home Prices in Thousand Oaks in 2026?
Redfin put the median sale price of a Thousand Oaks home at $1.0M in the most recent month, down 16.3% from a year earlier, with a median of $539 per square foot, down 2.3%. Zillow reports the typical Thousand Oaks home value at $994,477, down 1.1% over the past year, with homes going pending in around 10 days. Those two year-over-year figures look like a contradiction but mostly reflect different yardsticks: a one-month median of closed sales swings with the mix of what happened to sell, while a modeled value estimate across all homes moves slowly. Days on market also vary by how each source counts, so treat the table below as a range, not a verdict.
| Source | Median Price | Price per SF | Days on Market | Year-over-Year Change |
|---|---|---|---|---|
| Redfin | $1,000,000 | $539 | 54 days | -16.3% |
| Movoto | $992,000 | $543 | 38 days | N/A |
| Zillow | $994,477 | N/A | 10 days (pending) | -1.1% |
| US News | $935,193 | N/A | N/A | N/A |
The Thousand Oaks housing market is somewhat competitive, scoring 60 out of 100, with average homes selling for about 1% below list price and going pending in around 54 days, while hot homes can sell for around list price and go pending in around 27 days. Against a national average home value of $370,489, Thousand Oaks sits far higher at roughly $935,000 to $1M, and when housing costs are measured against median household income the city scores lower on value than similarly sized cities.
For the professionals who fill those campuses by day and end up at Tarantula Hill Brewing Company on Thousand Oaks Boulevard or Selvin's Restaurant in Newbury Park by night, the premium is paying for two things at once: the jobs and the way of life around them. Buyers seeking scenic hillside living often turn to Los Robles Hills Estates, Thousand Oaks' premier hillside community, for its views and privacy.
Why Are Businesses Choosing Thousand Oaks Over Other Markets?
Developers see Thousand Oaks' location as a differentiator, noting "It's a great place to live, great place to work and it has great schools," with beautiful views and access to trails, nature and bike riding. Venture capitalist Beth Seidenberg reports that Thousand Oaks City Manager Drew Powers sends her at least one request every two weeks from new companies interested in coming to the area.
Thousand Oaks has a healthier job market than similarly sized metro areas. A largely master planned city that consistently ranks among the safest of its size in the nation, Thousand Oaks regularly lands on lists of the best places to live and work.
The infrastructure supports business growth. Typical buildings in new developments have office space at the front with warehouse/light manufacturing space in the rear, with primary access from Rancho Conejo Boulevard and Conejo Center Drive. Full build-out of the major developments is expected to take roughly 10 years from the start of construction.
What's It Like Living and Working in Thousand Oaks?
In Thousand Oaks, 76.5% of commuters drive to work, while 0.7% use public transportation, with 2.1% walking to work and 0.5% riding bikes, according to Census data. Most people drove alone to work with an average commute time of 24.6 minutes and average car ownership of 2 cars per household.
There are about 126,819 people living in Thousand Oaks, with 23% under age 20, 10% aged 25-34, 11% aged 35-44, 28% aged 45-65, and 23% over age 65. Dining runs from family-owned restaurants to craft breweries, which matters more than it sounds when a company is trying to recruit people to a suburb.
For families, the pairing of local jobs with excellent schools is the real draw, and it is a big part of why professionals keep making the move from LA. If you are relocating with kids, start with our guide to family activities around the Conejo Valley and our roundup of splash pads, camps, and cool indoor escapes for the hot months.
Frequently Asked Questions About Rancho Conejo and Thousand Oaks Business
Is Thousand Oaks really more than just a bedroom community?
Yes. Amgen anchors the local economy, the city fields inquiries from new companies every couple of weeks, and the Conejo Valley has a "surprisingly wide and divergent range of both new, startup, and long-time existing companies" in biotechnology, aerospace, healthcare and manufacturing.
What's driving the biotech boom in Rancho Conejo?
The area attracts not just individual companies but "the ancillary support structure that's necessary to support these companies," with established venture capital firms like Westlake Village BioPartners backing more than 10 companies, with a track record that includes exits like Tesaro (acquired for over $5 billion).
How do home prices compare to the job market strength?
While home values around $935,000 to $1M are significantly higher than the national average of $370,489, the median household income of $137,109 compared to the national median of $79,466 helps offset housing costs for professionals in the area's high-paying industries.
What new business development is coming to the area?
The 750,000-square-foot Conejo Summit business park represents "the final piece" of decades-long development, while Sares Regis Group's 190,000-square-foot project shows continued investment, with buildings divisible to accommodate companies from 20,000 square feet and up.
Thinking About Buying or Selling in Thousand Oaks?
Davis Bartels and DB Real Estate Group have closed 500+ transactions in this market since 2009, which means a lot of conversations about how the job picture and the housing picture fit together. If that question is on your mind, working with a local expert is worth a read. And if selling your home is on the table, happy to have a no-pressure conversation about your goals.
Contact Davis: davisbartels.com
