Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 8,224 people, 4,042 houses or apartments, and a median cost of homes of $201,749, house prices in Westwego are solidly below the national average.
Single-family detached homes are the single most common housing type in Westwego, accounting for 64.37% of the city's housing units. Other types of housing that are prevalent in Westwego include duplexes, homes converted to apartments or other small apartment buildings ( 15.21%), large apartment complexes or high rise apartments ( 14.24%), and a few row houses and other attached homes ( 6.18%).
People in Westwego primarily live in small (one, two or no bedroom) single-family detached homes. Westwego has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Westwego's housing was primarily built during this period, from the '40s through the '60s. A full 47.54% of the city's housing hails from this era. Other housing ages represented in Westwego include homes built between 1970-1999 ( 39.59%) and housing constructed before 1939 ( 6.95%). There's also some housing in Westwego built between 2000 and later ( 5.91%).
Vacant housing appears to be an issue in Westwego. Fully 10.50% of the housing stock is classified as vacant. Left unchecked, vacant Westwego homes and apartments can be a drag on the real estate market, holding Westwego real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Westwego's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.02% during the period.
Over the last year, Westwego appreciation rates have trailed the rest of the nation. In the last twelve months, Westwego's appreciation rate has been 2.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westwego were at -0.81%, which equates to an annual appreciation rate of -3.20%.
Notably, Westwego's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Westwego's latest annual appreciation rate is higher than 60% of the other cities and towns in Louisiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Westwego differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Westwego - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Westwego real estate investment or home purchase decisions.
$201,749
for Louisiana
for nation
4,042
$1,167 / per month