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These days, finding an affordable place to live in the Westlake Village area can be challenging. Home prices in Westlake Village are now at a median cost of $1,037,538, higher than the California average of $648,235.
The average cost of rent is $2,641/mo in Westlake Village, primarily driven by the current value of real estate in the Westlake Village area. While nearly 30.67% of residents own their homes outright in Westlake Village, 32.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Westlake Village is $11,528 per month. Households that rent pay about 22.91% of their income on rent here. Westlake Village's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
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- Monte Nido, CA: higher priced homes
Cities with Similar Populations
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- Willow Grove, PA: less expensive homes
- Whitehall, OH: less expensive homes
- White Oak, MD: less expensive homes
- Wetumpka, AL: less expensive homes
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