What's the cheapest city in the Conejo Valley to buy a home?

Within the four core Conejo Valley cities, Newbury Park is the most affordable in 2026, with entry-tier single-family homes starting around $925,000 and a city median near $1.05M. Thousand Oaks runs $1.1M-$1.3M; Agoura Hills sits similar; Westlake Village is the most expensive with medians above $1.6M. Adjacent Simi Valley is cheaper than all four, with entry single-family inventory in the high $700Ks.

Cheapest City in the Conejo Valley to Buy? (2026)

Among the four cities that anchor the Conejo Valley, Newbury Park is consistently the most affordable entry point in 2026. Entry-tier single-family homes there start around $925,000, while Westlake Village medians sit above $1.6M. I'm Brian Cooper, REALTOR(R) at eXp Realty, and I track the by-city spread weekly. Below is the current read, why the gap exists, and what 'cheapest' actually buys you in each market.

Direct AnswerNewbury Park is the most affordable Conejo Valley city in 2026 with entry-tier single-family homes around $925,000. Thousand Oaks runs higher at roughly $1.1M-$1.3M median. Agoura Hills sits similar to Thousand Oaks. Westlake Village is the most expensive, with medians above $1.6M.

Data current as of May 2026.

Direct Answer

Within the four core Conejo Valley cities, Newbury Park is the most affordable entry point. The entry-tier single-family floor sits around $925,000 in 2026, with a city median closer to $1.05M. Thousand Oaks medians are higher; Westlake Village is meaningfully higher than all three.

Adjacent Simi Valley (Ventura County but typically grouped with this market by relocating buyers) is cheaper still, with entry-tier single-family inventory starting in the high-$700Ks to low $800Ks.

Why this question matters

Most relocation buyers know they want 'Conejo Valley' without realizing the four cities span a 60% price spread at the entry tier. Two buyers with the same budget can have very different outcomes depending on which city they target.

Newbury Park's relative affordability also creates competition: at the bottom of the single-family range I usually see multiple offers within the first weekend. Knowing where the value tier lives is half of writing a winning offer.

The detail behind the answer

Here's the by-city read on entry-tier and median single-family pricing in 2026. These are working ranges; the official MLS-pulled medians shift month to month and a current snapshot is on my city pages.

City	Entry-tier SFR	City SFR median
Newbury Park	~$925,000	~$1,050,000
Thousand Oaks	~$1,000,000	~$1,200,000
Agoura Hills	~$1,050,000	~$1,250,000
Westlake Village	~$1,400,000	~$1,600,000+
Simi Valley (adjacent)	~$775,000	~$900,000

How to verify

Run an MLS search by city, filter to single-family, active and pending in the last 90 days, and look at both the closed-sale median and the 25th-percentile price (a rough proxy for entry tier). The numbers shift month to month, especially in slower seasons.

Be careful about ZIP-based aggregator data. Zillow and Redfin city pages sometimes mix in unincorporated areas or adjacent ZIPs, which skews the median up or down. MLS city polygons or the U.S. Census Place boundary are the cleaner comparisons.

Step 1: Pull a 90-day MLS median by city polygon.
Step 2: Look at the 25th percentile, not just the median.
Step 3: Decide based on what your specific budget actually buys.

What I tell clients

Don't pick a city by reputation alone. The Newbury Park side of Thousand Oaks shares schools and commute access with the rest of the Conejo Valley but trades at a discount because of where city lines fall. Dos Vientos in particular punches above its price tag.

If your budget tops out at $900K, Simi Valley likely gives you more house. If you need Conejo proper, Newbury Park is where the entry-tier inventory lives and where I'd start the search.