Westlake, OH is a great place to live, and its housing market reflects that. The median value of homes in Westlake is $325,800, lower than the national median of $338,100. While this suggests a slightly lower level of affordability in the area, it also means that Westlake is appreciating faster than the national average. Over the last year, house prices in Westlake have gone up 8.35%, compared to only 8.27% across the US as a whole. This suggests that now may be a good time to invest in real estate in Westlake before prices rise further.
The median home cost in Westlake is $325,800. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Westlake is up 12.6%.
Average Age of Homes
- The median age of Westlake real estate is 35 years old
The Rental Market in Westlake
- Renters make up 23.4% of the Westlake population
- 1.0% of houses and apartments in Westlake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.