Westlake, Los Angeles, CA—90006
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westlake, Los Angeles, CA
As of Oct '25, the median home price in Westlake, Los Angeles, CA is $755,000, with a year-over-year change of -3.9%. This indicates that home prices in Westlake, Los Angeles, CA are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $755,000 | -3.9% |
| Single Family | $904,000 | -6.3% |
| Condos | $639,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $517,000 | -8.0% |
2 Bed | $654,000 | -5.4% |
3 Bed | $791,000 | -6.1% |
4 Bed | $971,000 | -5.9% |
| 5 Bed | $1,199,000 | -5.3% |
% of Housing Stock
Rental Trends — Westlake, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Westlake, Los Angeles, CA is $2,300, with a year-over-year rent change of -6.1%. Per bedroom, the median rent as of July '25 in Westlake, Los Angeles, CA is studios: $1,440, 1-bedrooms: $1,860, 2-bedrooms: $2,600, 3-bedrooms: $3,620, 4-bedrooms: $3,740. The most common rental property sizes in Westlake, Los Angeles, CA are 1-bedroom and studio, accounting for 37.8% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,300 |
| Studio Rent | $1,400 | $1,440 |
| 1 Bed Rent | $1,800 | $1,860 |
| 2 Bed Rent | $2,600 | $2,600 |
| 3 Bed Rent | $3,600 | $3,620 |
| 4 Bed Rent | $4,000 | $3,740 |
% of Rental Stock
Property Listings — Westlake, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Westlake, Los Angeles, CA is 58. This is a decrease of -5.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $704,000 | -22.0% |
Listing Count | 60 | 78.0% |
| Listings as % of Homes | 0.1% | 78.0% |
Days on Market | 58 | -5.0% |
Demographics — Westlake, Los Angeles, CA
As of the latest ACS Survey released in 2023, Westlake, Los Angeles, CA has a population of 55,200, which has decreased by -10.5% over the past 5 years. Westlake, Los Angeles, CA is a moderately popular place for families, as children make up 18.8% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,200 | -10.5% |
% Under 18 | 18.8% | -22.0% |
% Seniors | 13.2% | 30.7% |
% WFH | 8.9% | 169.7% |
% w/ College Degree | 22.1% | 16.9% |
As of the latest ACS Survey released in 2023, Westlake, Los Angeles, CA is a predominantly hispanic area, with 70.9% of the population identifying as hispanic. The hispanic population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Westlake, Los Angeles, CA is asian, making up 19.0% of the population. Foreign-born residents account for 54.3% of the population in Westlake, Los Angeles, CA, and this percentage has decreased by 5.1% 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 | 5.4% | 38.5% |
% Black | 3.4% | 3.0% |
% Hispanic | 70.9% | -3.4% |
% Asian | 19.0% | 1.6% |
% Foreign Born | 54.3% | -5.1% |
Mortgage and Risk — Westlake, Los Angeles, CA
According to HUD data as of 2023, there were 52 mortgage originations in Westlake, Los Angeles, CA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Westlake, Los Angeles, CA. Investor activity is low, as 12.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 12.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Westlake, Los Angeles, CA
As of 2024, the percent of homes in Westlake, Los Angeles, CA under the Section 8 program is 8.5%. 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 Westlake, Los Angeles, CA, 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 | 1,601 |
Total Units Section 8 | 1,600 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 84.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,800 | $1,810 |
| 2 Bedroom | -$310 | $2,600 | $2,290 |
| 3 Bedroom | -$660 | $3,600 | $2,940 |
| 4 Bedroom | -$760 | $4,000 | $3,240 |
Affordability — Westlake, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 16.1 |
| Median Home Price | $755,000 |
| Median Household Income | $49,800 |