Westwood, IN
Population 555 · Indiana
About Westwood, IN
Westwood is a small community located in Indiana with a population of 555 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,973 per year, which is 18% above the national median of $75,149. The median age of 24.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Westwood features a median home value of $0, which is 100% below the national median of $244,900. This makes Westwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 154 total housing units, 100% are owner-occupied (141 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Westwood shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Westwood have an average one-way commute time of 27.6 minutes.
Education & Demographics
39.9% of Westwood 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Westwood, IN
Compared to national averages, Westwood has a median household income of $88,973 (18% above the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Westwood's income is 28% above the state average of $69,330, and home values are 100% below the state median of $163,409.
Why Live in Westwood, IN?
Westwood offers a strong local economy with a median household income of $88,973, well above the national average, and affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 39.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average.
Westwood has a population of 555 with a median age of 24.5 years. Compare Westwood with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Westwood
What is the population of Westwood, IN?
The population of Westwood, IN is 555 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Westwood?
The median household income in Westwood, IN is $88,973 per year, which is 18% above the national median of $75,149.
What is the median home value in Westwood?
The median home value in Westwood, IN is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Westwood?
The median monthly rent in Westwood, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Westwood?
The unemployment rate in Westwood, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Westwood, IN a good place to live?
Westwood offers above-average incomes, affordable housing, and a strong job market. With a population of 555 and a median age of 24.5, the city appeals to young professionals and families.
How educated is Westwood, IN?
39.9% of residents in Westwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Westwood?
Key cost-of-living indicators for Westwood, IN: median home value is $0 (100% below national), median rent is $0/month, and median household income is $88,973. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Westwood?
The poverty rate in Westwood, IN is 0.0%, 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, IN?
Westwood's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.