Westlake, FL housing market
Homes typically sell in 136 days, below asking.
Home values, sales, trends and how Westlake compares with the towns next door — updated as new data is published.
Westlake at a glance
A buyer's market
More homes are for sale than are selling — about 7 months of supply. Buyers have room to negotiate.
Home prices up 72% in 5 years
The federal house price index for the ZIP code around Westlake rose 72% over the past 5 years, faster than across Florida (60%). Last year prices rose 2.8%. Carrying the Census median home value forward with that index puts the typical Westlake home at roughly $1,219,000 today.
Show as a table
| Year | Change that year | Since 2000 | Florida since 2000 |
|---|---|---|---|
| 2025 | +2.8% | +315% | +264% |
| 2024 | +6.8% | +304% | +266% |
| 2023 | +6.3% | +278% | +254% |
| 2022 | +26% | +256% | +226% |
| 2021 | +17% | +181% | +163% |
| 2020 | +3.3% | +141% | +128% |
| 2019 | +5.4% | +133% | +117% |
| 2018 | +5.3% | +121% | +106% |
| 2017 | +8.7% | +110% | +90% |
| 2016 | +15% | +93% | +76% |
| 2015 | +12% | +69% | +61% |
| 2014 | +18% | +51% | +47% |
| 2013 | +15% | +28% | +34% |
| 2012 | +1.9% | +11% | +24% |
| 2011 | −13% | +9.2% | +26% |
| 2010 | −13% | +26% | +36% |
| 2009 | −21% | +45% | +50% |
| 2008 | −24% | +84% | +83% |
| 2007 | −6.9% | +142% | +117% |
| 2006 | +12% | +160% | +123% |
| 2005 | +31% | +132% | +92% |
| 2004 | +23% | +77% | +51% |
| 2003 | +15% | +44% | +30% |
| 2002 | +14% | +26% | +20% |
| 2001 | +10% | +10% | +9.7% |
| 2000 | — | — | — |
How Westlake ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 33470, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
585 new homes permitted in 2025
Builders were permitted 585 new homes in Westlake in 2025, all single-family houses, worth about $171.2 million to build. That's 138 per 1,000 residents, faster than across Florida (8.3). Over the past 9 years, Westlake has permitted 3,953 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 367 | 367 | 0 | $105.1 million |
| 2025 | 585 | 585 | 0 | $171.2 million |
| 2024 | 540 | 540 | 0 | $155.1 million |
| 2023 | 553 | 553 | 0 | $154.9 million |
| 2022 | 651 | 651 | 0 | $163.5 million |
| 2021 | 770 | 770 | 0 | $181 million |
| 2020 | 420 | 420 | 0 | $97.8 million |
| 2019 | 207 | 207 | 0 | $47.2 million |
| 2018 | 207 | 207 | 0 | $46.1 million |
| 2017 | 20 | 20 | 0 | $5.1 million |
Westlake's permit office reported 10 of 12 months in 2025; the Census estimated the rest.
How Westlake ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Westlake and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Westlake | +2.8%† | $3,280 | 585 | $131,925 |
| The Acreage | +2.4%† | $2,920 | — | $109,032 |
| Loxahatchee Groves | +2.8%† | $3,280 | — | $111,699 |
† FHFA price index change, where Zillow has no home value for the town.
4.9 years of income
The typical Westlake home costs about 4.9 years of the town's median household income, about the same as across Florida (5).
How Westlake ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $3,280
HUD's Fair Market Rent for a two-bedroom in Westlake is $3,280 a month, utilities included: roughly what a modest, recently rented unit costs. A two-bedroom takes about 30% of the town's median household income.
Studio $2,600 · 4 bedrooms $4,930
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (33470; West Palm Beach-Boca Raton, FL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.