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Westwood Community

Learn about the people, housing, costs and businesses in Westwood Community, Iowa

Median Home$319,847
Median Rent$1,568/month
Population85,309
Leading IndustriesArts, Food & Hospitality · Public Administration · Healthcare11% arts, food & hospitality
Home Value Growth⬆⬆+13.7% over 2 years
Retirees25% of residentsabove average nationally
Homeowners77% of occupied units
NotableHigh Incomes$104k/year · top 12% nationally
NotableHighly Educated26% bachelor's · 20% graduate · top 12% nationally
Westwood Community
IA

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Frequently Asked Questions

What are today's mortgage rates in Westwood Community?

As of today, the 30-year fixed mortgage rate for Westwood Community is approximately 6.915% (6.952% 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 Westwood Community?

The median home value in Westwood Community is $320k. The median monthly rent is $1,568. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Westwood Community?

Home values in Westwood Community have increased 13.7% 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 Westwood Community?

Based on a typical all-in ownership cost of $1,476/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Westwood Community is $104k/year.

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What industries drive the economy in Westwood Community?

The largest employment sectors in Westwood Community are public administration (29%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.