Westlake First-Time Homebuyer Report for January

The population of Westlake is very affluent compared to others in Texas with a median income of $114,425 per household. It's also considered a very expensive city in terms of affordability with a cost of living adjustment score of 119.6. With a median age of 18 years, homes in Westlake tend to be of moderate age. Topping the list of best schools in the city is Westlake Academy.

Price Range

Homes in Westlake are generally more expensive than others in the state with a median home value of $253,700 and an average list price of $1,701,277.

Curious as to which homes have been getting the most attention in Westlake? These listings have stirred up interest and produced the most views:

$3.8M   $3.3M   $1.6M  

Typical Dwelling

The typical dwelling in Westlake is a five-bedroom detached home worth about $2,191,221. To purchase a similar home, a buyer with good credit and a $438,244 cash down payment could obtain a mortgage with a 3.95% interest rate and a $7,336 monthly payment. The property tax rate is $19.87 per $1,000 of taxable assessed value.

Get started right now by checking out Westlake homes for sale or reviewing Westlake real estate trends.


Data reported through 1/12/2017

Comments:

Ask a local expert about this area:
Debbie Dunn
Snapped 1 home in this area

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