Quick facts: Westwood, CA

Quick Facts

127.6
Cost of Living
above US average
1,116
Population
17.92
Crime Rate per 1000
below US average
$34,960
Median Income
below US average
$57,000
Median House Price
above US average
$899.75
Average Rent
below US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $34,960.

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Income Needed to Buy

βœ“ Affordable
$18k/year
Based on $57,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($34,960) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$39k/year
Based on $899.75/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $39k vs median $34,960
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Westwood, CA

Westwood is a vibrant neighborhood located in the city of Los Angeles, California. It's best known as the home of the University of California, Los Angeles (UCLA), which contributes to the area's youthful and dynamic atmosphere. The neighborhood is characterized by a mix of residential areas, academic institutions, and commercial spots. Westwood Village, the central hub, features a variety of shops, restaurants, and entertainment venues, including classic movie theaters. The area boasts a rich cultural scene, with access to museums and performance spaces, as well as the iconic Royce Hall, a historic venue on the UCLA campus. The neighborhood is also known for its beautiful tree-lined streets and nearby parks, providing green spaces for relaxation and recreation. Additionally, Westwood is conveniently situated near major highways, making it easily accessible to other parts of Los Angeles. With a strong sense of community and a blend of students, families, and professionals, Westwood offers a unique urban experience that combines education, culture, and convenience.

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