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Westlake

Learn about the people, housing, costs and businesses in Westlake, Texas

Median Home$1,000,884
Median Rent$2,679/month
Population1,684
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare4% education
Home Value Growth⬆⬆+15.3% over 2 years
Family-Friendly28% of residentswell above average
Homeowners94% of occupied units
NotableHighly Educated44% bachelor's · 19% graduate · top 1% nationally
NotableHigh Incomes$230k/year · top 1% nationally
Westlake
TX

Frequently Asked Questions

What are today's mortgage rates in Westlake?

As of today, the 30-year fixed mortgage rate for Westlake is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Westlake?

The median home value in Westlake is $1.0M. The median monthly rent is $2,679. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Westlake?

Home values in Westlake have increased 15.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Westlake?

Based on a typical all-in ownership cost of $3,923/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $168k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Westlake is $230k/year.

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What industries drive the economy in Westlake?

The largest employment sectors in Westlake are public administration (22%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.