Westfield, NY—14787
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westfield, NY
As of Oct '25, the median home price in Westfield, NY is $174,000, with a year-over-year change of 0.2%. This indicates that home prices in Westfield, NY are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | 0.2% |
| Single Family | $175,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $107,000 | -8.5% |
2 Bed | $156,000 | -1.3% |
3 Bed | $179,000 | 1.7% |
4 Bed | $206,000 | 1.5% |
| 5 Bed | $275,000 | 0.4% |
% of Housing Stock
Rental Trends — Westfield, NY
Westfield, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Westfield, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Westfield, NY is 58. This is a decrease of -31.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $278,000 | -5.0% |
Listing Count | 13 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 58 | -31.0% |
Demographics — Westfield, NY
As of the latest ACS Survey released in 2023, Westfield, NY has a population of 4,860, which has increased by 2.6% over the past 5 years. Westfield, NY is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,860 | 2.6% |
% Under 18 | 21.0% | 14.8% |
% Seniors | 23.5% | -6.4% |
% WFH | 8.0% | -38.9% |
% w/ College Degree | 29.0% | 15.5% |
As of the latest ACS Survey released in 2023, Westfield, NY is a predominantly white area, with 94.0% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Westfield, NY is asian, making up 3.1% of the population. Foreign-born residents account for 2.3% of the population in Westfield, NY, and this percentage has decreased by 45.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.0% | 2.8% |
% Black | 0.2% | ∞% |
% Hispanic | 2.3% | -62.3% |
% Asian | 3.1% | 24.0% |
% Foreign Born | 2.3% | -45.2% |
Mortgage and Risk — Westfield, NY
According to HUD data as of 2023, there were 65 mortgage originations in Westfield, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Westfield, NY. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Westfield, NY
Westfield, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Westfield, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $174,000 |
| Median Household Income | $47,700 |