Much like its surrounding areas, it is a lot more expensive compared to the entire nation. Compared to the city of Miami, it's close to average.
Home prices
The median home price in Westwood Lakes is $319,500. It is about $8,760 (2%) lower compared to the surrounding areas.It is about $102,000 (46%) higher in comparison to the nation as a whole, and in comparison to the city of Miami it is is very similar.
Rents
Westwood Lakes's median monthly rent is $1,496. It is is very similar compared to nearby areas.Compared to the United States as a whole it is roughly $434 (40%) higher, and it is roughly $313 (26%) higher compared to the city of Miami.
Nearby places
Sunset
Sunset is Westwood Lakes's neighbor to the southeast. Its housing prices are somewhat more expensive. Sunset's median home price is $388,800, which is $69,300 (17%) higher than Westwood Lakes. Its rents are similar. Sunset's median rent is $1,443 per month, which works out to $53 (3%) lower than Westwood Lakes.
University Park
University Park is Westwood Lakes's neighbor to the north. Its housing prices are fairly similar. The median home in University Park is valued at $312,200, which works out to $7,300 (2%) lower than Westwood Lakes. Rent there is somewhat less expensive. The median rent in University Park is $1,350 per month, which works out to $146 (10%) lower than Westwood Lakes.
Olympia Heights
Olympia Heights is Westwood Lakes's neighbor to the east. Real estate prices there are a little more expensive. The median home cost in Olympia Heights is $348,500, which comes out to $29,000 (8%) higher than Westwood Lakes. The rent there is a bit more expensive. Olympia Heights's median monthly rent is $1,702, which is $206 (12%) higher than Westwood Lakes.
Kendale Lakes
Kendale Lakes is Westwood Lakes's neighbor to the southwest. Its housing prices are somewhat less expensive. The median home price in Kendale Lakes is $259,200, which works out to $60,300 (23%) lower than Westwood Lakes. Its rents are pretty similar. Kendale Lakes's median rent is $1,557 per month, which works out to $61 (3%) higher than Westwood Lakes.
Westchester
Westchester is about 2 miles northeast from Westwood Lakes. Its real estate prices are similar. Westchester's median home cost is $332,600, which is $13,100 (3%) higher than Westwood Lakes. The rent there is a little less expensive. Westchester's median monthly rent is $1,383, which comes out to $113 (8%) lower than Westwood Lakes.
