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 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.
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.
|$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|
|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 Westwood HOMES|
|2000 or Newer||9.1|
|1970 - 1999||29.5|
|1940 - 1969||22.1|
|1939 or Older||39.2|
|TYPE OF Westwood HOMES|
|Small Apt. Buildings||3.6|
|SIZE OF Westwood HOMES|
|5 or more bedrooms||0.00|