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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Westlake, LA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Westlake, LA Housing Market Trends

With 4,664 people, 2,061 houses or apartments, and a median cost of homes of $164,530, house prices in Westlake are solidly below the national average.

Single-family detached homes are the single most common housing type in Westlake, accounting for 81.60% of the city's housing units. Other types of housing that are prevalent in Westlake include mobile homes or trailers ( 9.76%), large apartment complexes or high rise apartments ( 6.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westlake. Owner-occupied housing accounts for 82.10% of Westlake's homes, and 74.72% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Westlake's housing was primarily built during this period, from the '40s through the '60s. A full 41.84% of the city's housing hails from this era. Other housing ages represented in Westlake include homes built between 1970-1999 ( 33.76%) and housing constructed between 2000 and later ( 24.40%).

Vacant housing appears to be an issue in Westlake. Fully 17.56% of the housing stock is classified as vacant. Left unchecked, vacant Westlake homes and apartments can be a drag on the real estate market, holding Westlake real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Westlake Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Westlake, where house values have increased just 36.49%, which is annualized rate of 3.16%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Westlake appreciation rates have trailed the rest of the nation. In the last twelve months, Westlake's appreciation rate has been -8.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westlake were at -7.50%, which equates to an annual appreciation rate of -26.79%.

Notably, Westlake's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that Westlake's latest annual appreciation rate is lower than 90% of the other cities and towns in Louisiana.

Average Home Values

Median Home Value

$164,530

Westlake, LA Home Prices
> $1,031,000
$774,001 - $1,031,000
$516,001 - $774,000
$412,001 - $516,000
$310,001 - $412,000
$206,001 - $310,000
$103,001 - $206,000
$51,001 - $103,000
$0 - $51,000
0.1%
0.1%
0.0%
0.0%
1.4%
1.4%
1.2%
1.2%
11.5%
11.5%
22.2%
22.2%
44.4%
44.4%
13.0%
13.0%
6.4%
6.4%
0% 100.0%
% of Homes
Average

for Louisiana

Low

for nation

Number of Homes And Apartments:

2,061

Westlake Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,200 / per month

Homeownership Rate

Owners
Renters
82.1%
82.1%
17.9%
17.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.6%
17.6%
82.4%
82.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.4%
24.4%
33.8%
33.8%
41.8%
41.8%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.6%
81.6%
0.4%
0.4%
1.7%
1.7%
6.5%
6.5%
9.8%
9.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
3.2%
3.2%
22.0%
22.0%
68.6%
68.6%
6.1%
6.1%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Westlake

Popular Communities Near Westlake, LA

Zip Codes in Westlake, LA