Westwood, Phoenix, AZ—85019
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westwood, Phoenix, AZ
As of Oct '25, the median home price in Westwood, Phoenix, AZ is $324,000, with a year-over-year change of -5.7%. This indicates that home prices in Westwood, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | -5.7% |
| Single Family | $325,000 | -5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | -5.1% |
3 Bed | $328,000 | -5.2% |
4 Bed | $353,000 | -4.3% |
| 5 Bed | $378,000 | -2.6% |
% of Housing Stock
Rental Trends — Westwood, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Westwood, Phoenix, AZ is $1,490, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in Westwood, Phoenix, AZ is studios: $873, 1-bedrooms: $939, 2-bedrooms: $1,250, 3-bedrooms: $1,870, 4-bedrooms: $2,050. The most common rental property sizes in Westwood, Phoenix, AZ are 2-bedroom and 3-bedroom, accounting for 35.2% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,490 |
| Studio Rent | $799 | $873 |
| 1 Bed Rent | $916 | $939 |
| 2 Bed Rent | $1,200 | $1,250 |
| 3 Bed Rent | $1,850 | $1,870 |
| 4 Bed Rent | $1,800 | $2,050 |
% of Rental Stock
Property Listings — Westwood, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Westwood, Phoenix, AZ is 79. 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 2.0% |
Listing Count | 69 | 37.0% |
| Listings as % of Homes | 0.5% | 37.0% |
Days on Market | 79 | 60.0% |
Demographics — Westwood, Phoenix, AZ
As of the latest ACS Survey released in 2023, Westwood, Phoenix, AZ has a population of 27,000, which has increased by 1.2% over the past 5 years. Westwood, Phoenix, AZ is a popular place for families, as children make up 29.7% of the population. The area has a poorly educated workforce, with 11.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,000 | 1.2% |
% Under 18 | 29.7% | -4.8% |
% Seniors | 7.5% | -10.7% |
% WFH | 8.7% | 200.0% |
% w/ College Degree | 11.2% | 19.1% |
As of the latest ACS Survey released in 2023, Westwood, Phoenix, AZ is a predominantly hispanic area, with 69.4% of the population identifying as hispanic. The hispanic population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Westwood, Phoenix, AZ is white, making up 17.3% of the population. Foreign-born residents account for 31.9% of the population in Westwood, Phoenix, AZ, and this percentage has increased by 11.5% 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 | 17.3% | -7.0% |
% Black | 5.3% | -20.9% |
% Hispanic | 69.4% | 2.1% |
% Asian | 3.8% | 11.8% |
% Foreign Born | 31.9% | 11.5% |
Mortgage and Risk — Westwood, Phoenix, AZ
According to HUD data as of 2023, there were 282 mortgage originations in Westwood, Phoenix, AZ, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Westwood, Phoenix, AZ. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 282 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Westwood, Phoenix, AZ
As of 2024, the percent of homes in Westwood, Phoenix, AZ under the Section 8 program is 5.3%. 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. In Westwood, Phoenix, AZ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 223 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $524 | $916 | $1,440 |
| 2 Bedroom | $490 | $1,200 | $1,690 |
| 3 Bedroom | $440 | $1,850 | $2,290 |
| 4 Bedroom | $810 | $1,800 | $2,610 |
Affordability — Westwood, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $324,000 |
| Median Household Income | $58,800 |