Westwood Lakes, FL
Population 10,768 · Florida
About Westwood Lakes, FL
Westwood Lakes is a mid-sized city located in Florida with a population of 10,768 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,341 per year, which is 16% above the national median of $75,149. The median age of 48.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Westwood Lakes features a median home value of $465,000, which is 90% above the national median of $244,900. This places Westwood Lakes in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,243, 93% above the national average of $1,163/month. Of the 3,415 total housing units, 82% are owner-occupied (2,761 units) and 18% are renter-occupied (606 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Westwood Lakes shows an unemployment rate of 7.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Westwood Lakes have an average one-way commute time of 31.7 minutes.
Education & Demographics
27.4% of Westwood Lakes residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.9% White, 0.3% Hispanic or Latino, 2.7% Black or African American, and 15.3% Asian residents, with 60.7% of the population being foreign-born.
Cost of Living in Westwood Lakes, FL
Compared to national averages, Westwood Lakes has a median household income of $87,341 (16% above the national median of $75,149). Home values average $465,000, which is 90% above the national median. Monthly rent at $2,243 is 93% above the US average of $1,163. Within Florida, Westwood Lakes's income is 15% above the state average of $75,893, and home values are 31% above the state median of $353,675.
Why Live in Westwood Lakes, FL?
Westwood Lakes offers a strong local economy with a median household income of $87,341, well above the national average, and a low poverty rate of 8.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $465,000. However, Westwood Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Westwood Lakes has a population of 10,768 with a median age of 48.4 years. Compare Westwood Lakes with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Westwood Lakes
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bithlo | 10,790 | $96,250 | $356,400 | Compare |
| West Vero Corridor | 10,802 | $59,162 | $186,700 | Compare |
| Pebble Creek | 10,719 | $109,375 | $384,500 | Compare |
| Fuller Heights | 10,697 | $80,021 | $262,000 | Compare |
| Pine Ridge CDP (Citrus County), Florida | 10,676 | $66,131 | $354,600 | Compare |
| Sugarmill Woods | 10,871 | $69,831 | $289,100 | Compare |
| Hudson | 10,873 | $49,063 | $239,200 | Compare |
| Alachua | 10,638 | $78,526 | $285,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Westwood Lakes With Other Cities
Frequently Asked Questions about Westwood Lakes
What is the population of Westwood Lakes, FL?
The population of Westwood Lakes, FL is 10,768 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Westwood Lakes?
The median household income in Westwood Lakes, FL is $87,341 per year, which is 16% above the national median of $75,149.
What is the median home value in Westwood Lakes?
The median home value in Westwood Lakes, FL is $465,000, which is 90% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Westwood Lakes?
The median monthly rent in Westwood Lakes, FL is $2,243, which is 93% above the national average of $1,163/month.
What is the unemployment rate in Westwood Lakes?
The unemployment rate in Westwood Lakes, FL is 7.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Westwood Lakes, FL a good place to live?
Westwood Lakes offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 10,768 and a median age of 48.4, the city appeals to established professionals and retirees.
How educated is Westwood Lakes, FL?
27.4% of residents in Westwood Lakes aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Westwood Lakes?
Key cost-of-living indicators for Westwood Lakes, FL: median home value is $465,000 (90% above national), median rent is $2,243/month, and median household income is $87,341. The home-value-to-income ratio is 5.3x, a moderate figure by national standards.
What is the poverty rate in Westwood Lakes?
The poverty rate in Westwood Lakes, FL is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Westwood Lakes, FL?
Westwood Lakes's population is 4.9% White, 0.3% Hispanic or Latino, 2.7% Black or African American, 15.3% Asian, and 0.2% two or more races. 60.7% of residents are foreign-born.