Westminster, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Westminster, CA Housing Market Trends

With a population of 90,643, 27,617 total housing units (homes and apartments), and a median house value of $733,839, real estate costs in Westminster are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Westminster, accounting for 54.54% of the city's housing units. Other types of housing that are prevalent in Westminster include large apartment complexes or high rise apartments ( 18.97%), mobile homes or trailers ( 10.10%), and a few row houses and other attached homes ( 8.16%).

The most prevalent building size and type in Westminster are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.81% owning and 48.19% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Westminster's housing was primarily built during this period, from the '40s through the '60s. A full 51.75% of the city's housing hails from this era. Other housing ages represented in Westminster include homes built between 1970-1999 ( 40.25%) and housing constructed between 2000 and later ( 6.99%). There's also some housing in Westminster built before 1939 ( 1.01%).

Westminster Home Appreciation Rates

In the last 10 years, Westminster has experienced some of the highest home appreciation rates of any community in the nation. Westminster real estate appreciated 72.01% over the last ten years, which is an average annual home appreciation rate of 5.57%, putting Westminster in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Westminster definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Westminster appreciation rates have trailed the rest of the nation. In the last twelve months, Westminster's appreciation rate has been 5.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westminster were at 1.74%, which equates to an annual appreciation rate of 7.14%.

Relative to California, our data show that Westminster's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Westminster differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Westminster - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Westminster real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$733,839

Westminster, CA HOME PRICES

> $1,196,000
1.6%
1.6%
$897,001 - $1,196,000
15.5%
15.5%
$598,001 - $897,000
55.5%
55.5%
$479,001 - $598,000
11.5%
11.5%
$359,001 - $479,000
3.3%
3.3%
$239,001 - $359,000
2.2%
2.2%
$120,001 - $239,000
1.7%
1.7%
$60,001 - $120,000
4.9%
4.9%
$0 - $60,000
3.8%
3.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
27,617

Westminster Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
177.91% 4.93%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,365 / per month

Homeownership Rate

Owners
51.8%
51.8%
Renters
48.2%
48.2%
Vacant
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.0%
7.0%
1970 - 1999
40.3%
40.3%
1940 - 1969
51.7%
51.7%
1939 or Older
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.5%
54.5%
Townhomes
8.2%
8.2%
Small Apt. Buildings
8.1%
8.1%
Apt. Complexes
19.0%
19.0%
Mobile Homes
10.1%
10.1%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.3%
3.3%
1 Bedroom
9.7%
9.7%
2 Bedrooms
26.8%
26.8%
3 Bedrooms
31.2%
31.2%
4 Bedrooms
25.1%
25.1%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES