Westlake Village, CA—91361
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westlake Village, CA
As of Oct '25, the median home price in Westlake Village, CA is $1,514,000, with a year-over-year change of 0.1%. This indicates that home prices in Westlake Village, CA are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,514,000 | 0.1% |
| Single Family | $1,645,000 | -0.1% |
| Condos | $702,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $764,000 | 1.6% |
3 Bed | $1,235,000 | 0.2% |
4 Bed | $1,673,000 | -0.2% |
| 5 Bed | $2,378,000 | 1.2% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Westlake Village, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Westlake Village, CA is 69. This is a increase of 60.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,950,000 | 25.0% |
Listing Count | 135 | 24.0% |
| Listings as % of Homes | 0.7% | 24.0% |
Days on Market | 69 | 60.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.6 |
| Median Home Price | $1,514,000 |
| Median Household Income | $132,000 |