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Westlake Village, CA—91361

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,501,000
0.4% YoY Growth
Household Income
$132,000
8.7% YoY Growth
Days on Market
68
12.0% Longer YoY
Home Price Forecast
0.9%
Median Rent
$5,500
3.4% YoY Growth
1-Bed Rent
$2,560
4.7% YoY Growth
2-Bed Rent
$3,600
9.6% YoY Growth
3-Bed Rent
$6,000
15.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Westlake Village, CA

As of Dec '25, the median home price in Westlake Village, CA is $1,501,000, with a year-over-year change of 0.4%. This indicates that home prices in Westlake Village, CA are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,501,0000.4%
Single Family $1,633,0000.8%
Condos $690,0002.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$754,0001.6%
    3 Bed
    		$1,224,0000.8%
    4 Bed
    		$1,660,0000.6%
    5 Bed $2,369,7042.1%
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    6.7%
    2 Bedrooms
    23.6%
    3 Bedrooms
    27.6%
    4 Bedrooms
    30.1%
    5+ Bedrooms
    10.7%

    Rental Trends — Westlake Village, CA

    As of July '25, Rentcast reports the average rent in Westlake Village, CA is $5,600, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Westlake Village, CA is studios: $2,650, 1-bedrooms: $2,700, 2-bedrooms: $3,870, 3-bedrooms: $6,270, 4-bedrooms: $7,180. The most common rental property sizes in Westlake Village, CA are 2-bedroom and 3-bedroom, accounting for 42.2% and 21.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$5,500$5,600
    Studio Rent $2,650$2,650
    1 Bed Rent $2,560$2,700
    2 Bed Rent $3,600$3,870
    3 Bed Rent $6,000$6,270
    4 Bed Rent $7,000$7,180
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    % of Rental Stock

    Studio
    3.5%
    1 Bedroom
    18.7%
    2 Bedrooms
    42.2%
    3 Bedrooms
    21.3%
    4 Bedrooms
    13.6%
    5+ Bedrooms
    0.6%

    Property Listings — Westlake Village, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Westlake Village, CA is 59. This is a increase of 35.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,000,0003.0%
    Listing Count
    		10522.0%
    Listings as % of Homes0.7%22.0%
    Days on Market
    		6812.0%
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    Demographics — Westlake Village, CA

    As of the latest ACS Survey released in 2023, Westlake Village, CA has a population of 18,700, which has decreased by -8.4% over the past 5 years. Westlake Village, CA is a moderately popular place for families, as children make up 19.8% of the population. The area has a highly educated workforce, with 59.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		18,700-8.4%
    % Under 18
    		19.8%7.0%
    % Seniors
    		27.1%8.4%
    % WFH
    		23.1%110.0%
    % w/ College Degree
    		59.6%-7.7%
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    As of the latest ACS Survey released in 2023, Westlake Village, CA is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Westlake Village, CA is hispanic, making up 11.3% of the population. Foreign-born residents account for 13.0% of the population in Westlake Village, CA, and this percentage has decreased by 9.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		71.8%-9.9%
    % Black
    		0.9%-52.6%
    % Hispanic
    		11.3%16.5%
    % Asian
    		7.6%35.7%
    % Foreign Born
    		13.0%-9.1%
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    Mortgage and Risk — Westlake Village, CA

    According to HUD data as of 2023, there were 198 mortgage originations in Westlake Village, CA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Westlake Village, CA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		198
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Westlake Village, CA

    As of 2024, the percent of homes in Westlake Village, CA under the Section 8 program is 0.1%. 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 Village, 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
    		4
    Total Units Section 8
    		4
    % Rentals under Section 8
    		0.1%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$220$2,560$2,780
    2 Bedroom-$210$3,600$3,390
    3 Bedroom-$1,500$6,000$4,500
    4 Bedroom-$1,850$7,000$5,150

    Affordability — Westlake Village, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio10.4
    Median Home Price$1,501,000
    Median Household Income$132,000

    Westlake Village, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    91320

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    Oak Park, CA

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    Frequently Asked Questions