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Westwood Lakes

Learn about the people, housing, costs and businesses in Westwood Lakes, Florida

Median Home$532,700
Median Rent$2,465/month
Population10,553
Leading IndustriesFinance & Insurance · Information & Media · Education11% finance & insurance
Home Value Growth⬆⬆⬆+32.4% over 2 years
Retirees22% of residentsnear the national average
Homeowners77% of occupied units
Westwood Lakes
FL

Frequently Asked Questions

What are today's mortgage rates in Westwood Lakes?

As of today, the 30-year fixed mortgage rate for Westwood Lakes is approximately 6.820% (6.853% 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 Lakes?

The median home value in Westwood Lakes is $533k. The median monthly rent is $2,465. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Westwood Lakes?

Home values in Westwood Lakes have increased 32.4% 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 Lakes?

Based on a typical all-in ownership cost of $1,976/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $85k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Westwood Lakes is $82k/year.

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What industries drive the economy in Westwood Lakes?

The largest employment sectors in Westwood Lakes are public administration (23%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.