The typical owner-occupied home in Westwood is worth about $147,000, 80% below the California median of $734,700 and 56% below the national median of $332,700. Owners pay a median $435 a year in property taxes, about 0.30% of their home's value, lower than the California rate of 0.70%. The median household earns $59,375 a year, so the median home costs 2.5 times the median income (7.4 times for California). 62% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Westwood at a glance
| Westwood | California | U.S. | |
|---|---|---|---|
| Median home value | $147,000 | $734,700 | $332,700 |
| Median property tax paid per year | $435 | $5,124 | $3,119 |
| Property tax as a share of value | 0.30% | 0.70% | 0.94% |
| Median household income | $59,375 | $99,122 | $80,734 |
| Homes lived in by their owners | 62% | 56% | 65% |
| Owner homes with a mortgage | 34% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,486 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 24.8% | 21.0% |
| Median rent | $947 | $2,036 | $1,413 |
| Rent as a share of renters' income | 51.0% | 32.8% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 49.9% | 7.5% | 10.1% |
| Population | 1,063 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Westwood
At this week's average 30-year rate of 7.11%, buying the median Westwood home of $147,000 with 20% down costs about $889 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,134, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $38,104 for the 20%-down payment. That payment is 18% of the median Westwood household income of $59,375; at that income and 20% down, the 28% guideline points to a home of about $229,000.
The median rent here is $947 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $29,400 |
|---|---|
| Loan amount | $117,600 |
| Principal and interest | $791 |
| Property taxes (0.30% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| PMI | $0 |
| Total per month | $889 |
Change the numbers in the calculator
| Down payment | $5,145 |
|---|---|
| Loan amount | $144,337 |
| Principal and interest | $971 |
| Property taxes (0.30% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| FHA mortgage insurance | $65 |
| Total per month | $1,134 |
Change the numbers in the calculator
Questions about home buying in Westwood
What is the median home value in Westwood?
About $147,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Westwood?
Homeowners pay a median $435 a year, which is about 0.30% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Westwood?
For the median home with 20% down at 7.11%, the payment is about $889 a month. Keeping that under 28% of gross income takes about $38,104 a year.
More about Westwood
- Mortgage Refinance in Westwood
- Debt Relief in Westwood
- Home Equity Loans in Westwood
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data