Westlake Village, CA

Population: 8,417
Average annual home appreciation rate: 11.52%
Total of homes for sale in this market: 313
Median home price: $1,095,456
Median Rent: $2,363 per room
Home price range: 29.49% of homes are between > $1,264,000
Median sales price: Still gathering data
Number of homes: 127
Median foreclosure sales price: $715,000
Foreclosure discount: Still gathering data
Most common home type: 68.50% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 4.74%
Number of renters: 15.93%
Number of owner occupied: 84.07%
Number people living below poverty level: 3.90%
Unemployment rate: 7.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Westlake Village area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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