Westwood, Los Angeles, CA—90024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westwood, Los Angeles, CA
As of Oct '25, the median home price in Westwood, Los Angeles, CA is $1,323,000, with a year-over-year change of -3.1%. This indicates that home prices in Westwood, Los Angeles, CA are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,323,000 | -3.1% |
| Single Family | $2,933,000 | 0.0% |
| Condos | $990,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $600,000 | -5.8% |
2 Bed | $1,038,000 | -4.2% |
3 Bed | $2,194,000 | 0.2% |
4 Bed | $3,397,000 | 0.7% |
| 5 Bed | $4,683,000 | 1.0% |
% of Housing Stock
Rental Trends — Westwood, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Westwood, Los Angeles, CA is $4,160, with a year-over-year rent change of -10.5%. Per bedroom, the median rent as of July '25 in Westwood, Los Angeles, CA is studios: $2,230, 1-bedrooms: $3,430, 2-bedrooms: $4,830, 3-bedrooms: $6,370, 4-bedrooms: $9,030. The most common rental property sizes in Westwood, Los Angeles, CA are 2-bedroom and 1-bedroom, accounting for 37.0% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,750 | $4,160 |
| Studio Rent | $2,250 | $2,230 |
| 1 Bed Rent | $3,000 | $3,430 |
| 2 Bed Rent | $4,200 | $4,830 |
| 3 Bed Rent | $5,900 | $6,370 |
| 4 Bed Rent | $8,610 | $9,030 |
% of Rental Stock
Property Listings — Westwood, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Westwood, Los Angeles, CA is 65. This is a increase of 4.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,600,000 | 2.0% |
Listing Count | 189 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 65 | 4.0% |
Demographics — Westwood, Los Angeles, CA
As of the latest ACS Survey released in 2023, Westwood, Los Angeles, CA has a population of 50,800, which has increased by 1.1% over the past 5 years. Westwood, Los Angeles, CA is a less popular place for families, as children make up 6.8% of the population. The area has a highly educated workforce, with 74.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,800 | 1.1% |
% Under 18 | 6.8% | -18.1% |
% Seniors | 13.0% | 8.3% |
% WFH | 26.1% | 230.4% |
% w/ College Degree | 74.1% | 2.2% |
As of the latest ACS Survey released in 2023, Westwood, Los Angeles, CA is a predominantly white area, with 49.0% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Westwood, Los Angeles, CA is asian, making up 27.2% of the population. Foreign-born residents account for 27.6% of the population in Westwood, Los Angeles, CA, and this percentage has decreased by 3.8% 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 | 49.0% | -3.0% |
% Black | 4.6% | 109.1% |
% Hispanic | 13.4% | -1.5% |
% Asian | 27.2% | -2.2% |
% Foreign Born | 27.6% | -3.8% |
Mortgage and Risk — Westwood, Los Angeles, CA
According to HUD data as of 2023, there were 204 mortgage originations in Westwood, Los Angeles, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Westwood, Los Angeles, CA. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 204 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 5.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Westwood, Los Angeles, CA
As of 2024, the percent of homes in Westwood, Los Angeles, CA under the Section 8 program is 0.0%. 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, 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 | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $3,000 | $3,030 |
| 2 Bedroom | -$380 | $4,200 | $3,820 |
| 3 Bedroom | -$1,050 | $5,900 | $4,850 |
| 4 Bedroom | -$3,230 | $8,610 | $5,380 |
Affordability — Westwood, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 17.8 |
| Median Home Price | $1,323,000 |
| Median Household Income | $80,000 |