Westlake, TX is a desirable place to live as housing in the area has a median value of $1,832,500. This is more than five times higher than the US House median value of $338,100. Furthermore, the appreciation of housing in Westlake has grown by double the national average over a one year period at 16.66%, which compares to 8.27% nationally. As such, Westlake real estate can be seen as an attractive investment and living destination for those who are able to afford it.
The median home cost in Westlake is $1,832,500. Home appreciation the last 10 years has been 147.5%. Home Appreciation in Westlake is up 21.8%.
Average Age of Homes
- The median age of Westlake real estate is 12 years old
The Rental Market in Westlake
- Renters make up 5.1% of the Westlake population
- 0.4% 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.