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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Westlake Village, 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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Westlake Village, CA Housing Market Trends

With 7,694 people, 3,115 houses or apartments, and a median cost of homes of $1,753,526, 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.

Westlake Village is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Westlake Village than is found in 98% of the communities in America.

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 79.61% of Westlake Village's homes, and 59.20% 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 ( 35.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.08%).

Westlake Village Home Appreciation Rates

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 92.72%, which ranks in the top 50% nationwide. This equates to an annual average Westlake Village house appreciation rate of 6.78%.

Appreciation rates are so strong in Westlake Village that despite a nationwide downturn in the housing market, Westlake Village real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Westlake Village appreciation rates continue to be some of the highest in America, at 8.34%, which is higher than appreciation rates in 73.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Westlake Village. Westlake Village appreciation rates in the latest quarter were at 2.09%, which equates to an annual appreciation rate of 8.62%.

Relative to California, our data show that Westlake Village's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

Median Home Value

$1,753,526

Westlake Village, CA Home Prices
> $1,329,000
$997,001 - $1,329,000
$665,001 - $997,000
$531,001 - $665,000
$399,001 - $531,000
$266,001 - $399,000
$133,001 - $266,000
$66,001 - $133,000
$0 - $66,000
63.8%
63.8%
13.2%
13.2%
11.9%
11.9%
4.5%
4.5%
3.3%
3.3%
0.5%
0.5%
0.8%
0.8%
0.6%
0.6%
1.4%
1.4%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

3,115

Westlake Village Appreciation Rates

Rent & Ownership

Average Market Rent:

$5,855 / per month

Homeownership Rate

Owners
Renters
79.6%
79.6%
20.4%
20.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.2%
4.2%
95.8%
95.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.1%
3.1%
60.3%
60.3%
35.9%
35.9%
0.8%
0.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.9%
68.9%
17.2%
17.2%
3.3%
3.3%
5.4%
5.4%
5.2%
5.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
2.6%
2.6%
21.5%
21.5%
24.2%
24.2%
35.0%
35.0%
15.9%
15.9%
0% 100.0%
% of Homes

Popular Neighborhoods in Westlake Village

Zip Codes in Westlake Village, CA