Westlake, LA—70669
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westlake, LA
As of Oct '25, the median home price in Westlake, LA is $174,000, with a year-over-year change of 2.1%. This indicates that home prices in Westlake, LA are increasing. According to Zillow, the 1-year price projection is -6.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | 2.1% |
| Single Family | $174,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Westlake, LA
As of July '25, Rentcast reports the average rent in Westlake, LA is $1,240, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Westlake, LA is 1-bedrooms: $910, 2-bedrooms: $934, 3-bedrooms: $1,480, 4-bedrooms: $1,900. The most common rental property sizes in Westlake, LA are 3-bedroom and 2-bedroom, accounting for 45.3% and 42.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $910 |
| 2 Bed Rent | $895 | $934 |
| 3 Bed Rent | $1,600 | $1,480 |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Westlake, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Westlake, LA is 78. This is a decrease of -38.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 16.0% |
Listing Count | 61 | -4.0% |
| Listings as % of Homes | 1.2% | -4.0% |
Days on Market | 78 | -38.0% |
Demographics — Westlake, LA
As of the latest ACS Survey released in 2023, Westlake, LA has a population of 9,180, which has decreased by -4.2% over the past 5 years. Westlake, LA is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,180 | -4.2% |
% Under 18 | 21.6% | -2.3% |
% Seniors | 18.9% | 24.3% |
% WFH | 3.3% | 3,200.0% |
% w/ College Degree | 18.4% | 27.8% |
As of the latest ACS Survey released in 2023, Westlake, LA is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Westlake, LA is black, making up 8.5% of the population. Foreign-born residents account for 3.3% of the population in Westlake, LA, and this percentage has increased by 725.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.1% | -4.6% |
% Black | 8.5% | -24.1% |
% Hispanic | 3.6% | 414.3% |
% Asian | 3.0% | 2,900.0% |
% Foreign Born | 3.3% | 725.0% |
Mortgage and Risk — Westlake, LA
According to HUD data as of 2023, there were 142 mortgage originations in Westlake, LA, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Westlake, LA. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Westlake, LA
As of 2024, the percent of homes in Westlake, LA under the Section 8 program is 8.4%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Westlake, LA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 58 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 54.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $175 | $695 | $870 |
| 2 Bedroom | $245 | $895 | $1,140 |
| 3 Bedroom | -$220 | $1,600 | $1,380 |
| 4 Bedroom | -$390 | $1,900 | $1,510 |
Affordability — Westlake, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $174,000 |
| Median Household Income | $68,400 |