Westmorland, CA has a median housing value of $166,900, which is significantly lower than the U.S. median housing value of $338,100. The appreciation rate for U.S. housing is 8.27%, but Westmorland's 1 year appreciation rate is 14.80%. This higher appreciation rate indicates that the housing market in this area is strong and provides a great opportunity for investors looking to make a solid return on their investment quickly. In general, the city of Westmorland offers affordable housing options in comparison to other cities in California as well as excellent potential for growth in the near future.
The median home cost in Westmorland is $166,900. Home appreciation the last 10 years has been 191.0%. Home Appreciation in Westmorland is up 21.9%.
Average Age of Homes
- The median age of Westmorland real estate is 36 years old
The Rental Market in Westmorland
- Renters make up 39.8% of the Westmorland population
- 1.0% of houses and apartments in Westmorland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.