Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 8,507 people, 3,403 houses or apartments, and a median cost of homes of $913,968, Westlake Village house prices are not only among the most expensive in California, Westlake Village real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Westlake Village, accounting for 68.30% of the city's housing units. Other types of housing that are prevalent in Westlake Village include row houses and other attached homes ( 20.89%), large apartment complexes or high rise apartments ( 3.97%), and a few mobile homes or trailers ( 3.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westlake Village. Owner-occupied housing accounts for 86.22% of Westlake Village's homes, and 64.66% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Westlake Village built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Westlake Village built between 1940-1969 ( 31.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.40%).
Appreciation rates for homes in Westlake Village have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.38%, which ranks in the top 50% nationwide. This equates to an annual average Westlake Village house appreciation rate of 0.24%.
NeighborhoodScout's data show that during the latest twelve months, Westlake Village's appreciation rate, at 3.97%, has been at or slightly above the national average. In the latest quarter, Westlake Village's appreciation rate has been 1.99%, which annualizes to a rate of 8.20%.
Importantly, this makes Westlake Village one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Westlake Village's latest annual appreciation rate is lower than 90% of the other cities and towns in California.
|$926,001 - $1,234,000||18.5|
|$617,001 - $926,000||28.3|
|$494,001 - $617,000||4.6|
|$370,001 - $494,000||4.3|
|$247,001 - $370,000||6.3|
|$124,001 - $247,000||2.2|
|$62,001 - $124,000||2.1|
|$0 - $62,000||1.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Westlake Village HOMES|
|2000 or Newer||2.4|
|1970 - 1999||65.5|
|1940 - 1969||31.9|
|1939 or Older||0.1|
|TYPE OF Westlake Village HOMES|
|Small Apt. Buildings||3.2|
|SIZE OF Westlake Village HOMES|
|5 or more bedrooms||13.27|