What HUD offices serve Westlake Village, California?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the California Public Housing and Low-Income Apartments Waiting Lists page for openings near Westlake Village.
How many renters live in Westlake Village, California?
The City of Westlake Village has 7,948 people living in 3,115 households.
There are 1,316 renters living in 611 renter households in this City. Renters make up 16.56 percent of the population living in Westlake Village.
What is the rental market like in Westlake Village, California?
There are an estimated 3,250 housing units in the Westlake Village area. Of these, 622 units are rental homes, making up 19 percent of the housing market. For every renter household in Westlake Village, California, there are 1 rental units.
What is the vacancy rate for rentals in Westlake Village?
The rental vacancy rate in Westlake Village is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Westlake Village for each bedroom size?
Occupied Rental Units by Size in Westlake Village
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 67 | 155 | 161 | 199 |
Occupied Rental Units by Size in Westlake Village
A large number of apartments in Westlake Village have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Westlake Village are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 25 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Westlake Village
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,777 to $3,600. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,777 |
| One BR | $2,006 |
| Two BR | $2,544 |
| Three BR | $3,263 |
| Four BR | $3,600 |
2024 Fair Market Rents in Westlake Village, California
How many units are rented at Fair Market Rent (FMR) in Westlake Village?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 0 | 100 percent |
| Two BR | 13 | 8 percent |
Rental Units Below FMR in Westlake Village, California
How many affordable rental units are in Westlake Village?
Income Based Apartments in Westlake Village, California
Westlake Village features 22 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Westlake Village, California
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Westlake Village.
Housing Choice Vouchers in Westlake Village, California
On average, Section 8 Housing Choice vouchers pay Westlake Village landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Westlake Village.
The maximum amount a voucher would pay on behalf of a low-income tenant in Westlake Village, California for a two-bedroom apartment is between $2,290 and $2,798.
Sourced from federal housing data and AffordableHousingOnline.com research.
