Westwood Lakes, FL is a desirable place for homeowners due to its high median home value of $406,500. This is substantially higher than the US median home value of $338,100 and reflects the desirability of the area. Along with this, Westwood Lakes also boasts a higher 1 year appreciation rate than the national average at 22.93%, compared to 8.27%. This could indicate strong potential for capital gains on any investments made in real estate in this area.
The median home cost in Westwood Lakes is $406,500. Home appreciation the last 10 years has been 179.0%. Home Appreciation in Westwood Lakes is up 25.1%.
Average Age of Homes
- The median age of Westwood Lakes real estate is 59 years old
The Rental Market in Westwood Lakes
- Renters make up 19.0% of the Westwood Lakes population
- 1.7% of houses and apartments in Westwood Lakes, 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.