Westwood, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Westwood Neighborhoods Since 2000




Westwood, CA Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Westwood Housing Market Information

With a population of 1,575, 761 total housing units (homes and apartments), and a median house value of $148,816, Westwood real estate values are some of the lowest in California, although compared to real estate around the nation, Westwood homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Westwood, accounting for 84.62% of the town's housing units. Other types of housing that are prevalent in Westwood include large apartment complexes or high rise apartments ( 8.17%), mobile homes or trailers ( 3.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.60%).

People in Westwood primarily live in small (one, two or no bedroom) single-family detached homes. Westwood has a mixture of owner-occupied and renter-occupied housing.

The housing in Westwood was primarily built before 1939 ( 39.19%), making the housing stock in Westwood some of the oldest overall in America, although there is a range of ages of homes in Westwood. The next most important housing age is between 1970-1999 ( 29.53%), followed by between 1940-1969 ( 22.14%). There's also some housing in Westwood built between 2000 and later ( 9.14%).

Vacant housing appears to be an issue in Westwood. Fully 33.13% of the housing stock is classified as vacant. Left unchecked, vacant Westwood homes and apartments can be a drag on the real estate market, holding Westwood real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Westwood Home Appreciation Rates

Homes have actually lost value in Westwood over the last then years, as home values have seen a decline of 36.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Westwood home appreciation rates at 1.82%, which equates to an annual appreciation rate of 7.47%.

Over the last year, Westwood appreciation rates have trailed the rest of the nation. In the last twelve months, Westwood's appreciation rate has been 2.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westwood were at 1.82%, which equates to an annual appreciation rate of 7.47%.

Importantly, this makes Westwood one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Westwood's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$148,816

Westwood, CA HOME PRICES

Value Range
> $1,162,000 1.5
$871,001 - $1,162,000 0.9
$581,001 - $871,000 0.9
$465,001 - $581,000 0.8
$349,001 - $465,000 5.1
$233,001 - $349,000 12.0
$116,001 - $233,000 30.7
$58,001 - $116,000 22.4
$0 - $58,000 25.8

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
50.5449431618423 94.973544973545

Number Of Homes And Apartments:
761

Westwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
33.89% 1.71% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,047 / per month

Homeownership Rate

Homeownership
Owners 53.75
Renters 46.25
Vacant 33.13

Housing Market Details

 

Age of Homes

AGE OF Westwood HOMES
2000 or Newer 9.1
1970 - 1999 29.5
1940 - 1969 22.1
1939 or Older 39.2

Types of Homes

TYPE OF Westwood HOMES
Single-Family 84.6
Townhomes 0.0
Small Apt. Buildings 3.6
Apt. Complexes 8.2
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Westwood HOMES
No Bedroom 6.85
1 Bedroom 10.02
2 Bedrooms 37.52
3 Bedrooms 33.22
4 Bedrooms 12.39
5 or more bedrooms 0.00

Popular Neighborhoods in Westwood

Popular Communities Near Westwood, CA

Zip Codes in Westwood, CA