Westwood Lakes, University Park, FL—33165
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westwood Lakes, University Park, FL
As of Oct '25, the median home price in Westwood Lakes, University Park, FL is $669,000, with a year-over-year change of -1.5%. This indicates that home prices in Westwood Lakes, University Park, FL are decreasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $669,000 | -1.5% |
| Single Family | $682,000 | -2.0% |
| Condos | $287,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $213,000 | -4.5% |
2 Bed | $460,000 | -0.4% |
3 Bed | $656,000 | -1.8% |
4 Bed | $745,000 | -2.0% |
| 5 Bed | $850,000 | -2.1% |
% of Housing Stock
Rental Trends — Westwood Lakes, University Park, FL
As of July '25, Rentcast reports the average rent in Westwood Lakes, University Park, FL is $3,480, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Westwood Lakes, University Park, FL is studios: $1,250, 1-bedrooms: $1,730, 2-bedrooms: $2,690, 3-bedrooms: $3,770, 4-bedrooms: $5,340. The most common rental property sizes in Westwood Lakes, University Park, FL are 2-bedroom and 3-bedroom, accounting for 32.5% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,480 |
| Studio Rent | $1,100 | $1,250 |
| 1 Bed Rent | $1,800 | $1,730 |
| 2 Bed Rent | $2,550 | $2,690 |
| 3 Bed Rent | $3,600 | $3,770 |
| 4 Bed Rent | $5,000 | $5,340 |
% of Rental Stock
Property Listings — Westwood Lakes, University Park, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Westwood Lakes, University Park, FL is 56. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $786,000 | 5.0% |
Listing Count | 157 | 17.0% |
| Listings as % of Homes | 0.6% | 17.0% |
Days on Market | 56 | 37.0% |
Demographics — Westwood Lakes, University Park, FL
As of the latest ACS Survey released in 2023, Westwood Lakes, University Park, FL has a population of 50,500, which has decreased by -10.1% over the past 5 years. Westwood Lakes, University Park, FL is a less popular place for families, as children make up 14.3% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,500 | -10.1% |
% Under 18 | 14.3% | -12.8% |
% Seniors | 23.2% | 9.4% |
% WFH | 9.4% | 161.1% |
% w/ College Degree | 28.4% | 9.2% |
As of the latest ACS Survey released in 2023, Westwood Lakes, University Park, FL is a predominantly hispanic area, with 91.8% of the population identifying as hispanic. The hispanic population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Westwood Lakes, University Park, FL is white, making up 6.7% of the population. Foreign-born residents account for 64.7% of the population in Westwood Lakes, University Park, FL, and this percentage has decreased by 0.2% 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 | 6.7% | -6.9% |
% Black | 1.1% | -42.1% |
% Hispanic | 91.8% | 0.9% |
% Asian | 0.8% | -27.3% |
% Foreign Born | 64.7% | -0.2% |
Mortgage and Risk — Westwood Lakes, University Park, FL
According to HUD data as of 2023, there were 482 mortgage originations in Westwood Lakes, University Park, FL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Westwood Lakes, University Park, FL. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 482 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Westwood Lakes, University Park, FL
As of 2024, the percent of homes in Westwood Lakes, University Park, FL under the Section 8 program is 2.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Westwood Lakes, University Park, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 322 |
Total Units Section 8 | 143 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,800 | $1,990 |
| 2 Bedroom | -$110 | $2,550 | $2,440 |
| 3 Bedroom | -$450 | $3,600 | $3,150 |
| 4 Bedroom | -$1,310 | $5,000 | $3,690 |
Affordability — Westwood Lakes, University Park, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $669,000 |
| Median Household Income | $84,100 |