Westwood CDP Kentucky Area Home Supply Charts

This page looks at a variety of Westwood CDP Kentucky housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Westwood CDP shows it has a Housing Units of 2,253 which is the third most housing units of all other places in the greater Westwood CDP region.

Figure 2 illustrates the housing density in the Westwood CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Westwood CDP depicts it has a Housing Density of 603.0 which is the third most housing densities of all other places in the greater Westwood CDP region. The place with the highest housing density in the area is Ironton which depicts a density of 1201.4 (about twice as large). Comparing housing density to the United States average of 38.9, Westwood CDP is substantially bigger. Also, compared to the state of Kentucky, housing density of 50.4, Westwood CDP is considerably bigger.

In Figure 4, Westwood CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Westwood CDP shows it has a Housing Unit Change of 7.1% which is the second most of all the places in the surrounding region. The place with the highest change in the housing units in the area is Ironville CDP which shows a housing units of 41.9% ( very much bigger). Comparing change in the housing units to the United States average of 5.7%, Westwood CDP is 24.6% larger. Also, compared to the state of Kentucky, change in the housing units of 2.9%, Westwood CDP is approximately 2.4 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Westwood CDP shows it has a Renter Percent of 30.4% which is in the middle range of other places in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 69.6% which is in the mid range of other places in the metro area.

Westwood CDP Kentucky Home Cost Charts

Looking at the housing data provided in Figure 7, the average Westwood CDP home price is illustrated for this community and a useful analysis of affordable housing. Westwood CDP depicts it has a Median Home Value of $97,100 which is less than most other places in the metropolitan area. The place with the highest median home price in the area is Bellefonte which depicts a home price of $244,000 (approximately 2.5 times bigger). Figure 8 provides aggregate comparative data for the Westwood CDP Kentucky metro area in terms of the median housing rental rate, apartment rent, etc. Westwood CDP depicts it has a Median Gross Rent of $680 which is the second smallest as measured by rental rates of all the other places in the local area. The place with the highest rental rates in the area is Bellefonte which shows a rental rates of $1,313 (about twice as large). Comparing rental rates to the United States average of $1,062, Westwood CDP is approximately three-fourths the size. Also, benchmarked against the state of Kentucky, rental rates of $763, Westwood CDP is about 12.2% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Westwood CDP has one of the largest proportions of home price worth less than $50,000 at 40% of the total and is ranked #3. Only #2 Ironton (42%), and #1 Coal Grove (49%) are larger. Second, it has in the middle range of other places in the local area as measured by home price worth between $50,000 to $100,000 at 39% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Westwood CDP depicts it has a Median Owner Cost of $723 which is less than most other places in the metro area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Westwood CDP metro area. it has a Owner Cost as % of HH Income of 17% which is the most of all places in the greater Westwood CDP region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Westwood CDP depicts it has a Median Home Value as Percent of Median Earnings of 250% which is less than most other places in the metropolitan area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Westwood CDP depicts it has a Median Owner Costs-With Mortgage of $857 which is the second smallest when ranked by median housing cost of all the other places in the metro area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $347 which is the smallest in terms of median housing cost of all the other places in the area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Westwood CDP has the percentage of owner cost less than $300 in the mid range of other places in the greater region at 25% of the total. Second, it has one of the largest proportions of owner cost between $500 and $700 at 29% of the total and is ranked #2. The only larger place being Ironville CDP with 36%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Westwood CDP depicts it has a % of Income Owner Costs-With Mortgage of 20% which is the third most cost as a percent of household income of all other places in the greater Westwood CDP region. The place with the highest cost as a percent of household income in the area is Coal Grove which shows a cost as a percent of household income of 25% (27.3% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Westwood CDP shows it has a % of Income Owner Costs-No Mortgage of 9% which is in the middle range of other places in the area. The place with the highest cost as a percent of household income in the area is Coal Grove which shows a cost as a percent of household income of 14% (52.2% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Westwood CDP has one of the largest proportions of rent as a percent of income is less than 10 pct at 18% of the total and is ranked #2. The only larger place being Ashland with 21%. Second, it has the smallest proportion of rent as a percent of income is between 10pct to 20pct at 6% of the total. Third, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 31% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $920 which is in the middle range of other places in the metropolitan area. The place with the highest median real estate taxes paid in the area is Bellefonte which shows a taxes paid of $2,562 (approximately 2.8 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, Westwood CDP is approximately a third the size. Also, measured against the state of Kentucky, median real estate taxes paid of $1,210, Westwood CDP is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Westwood CDP Kentucky has one of the largest proportions of rent less than 300 dollars at 14% of the total and is ranked #2. The only larger place being Ironton with 15%. Second, it has one of the largest proportions of rent between 500 and 750 dollars at 33% of the total and is ranked #2. The only larger place being Ironville CDP with 71%.

Westwood CDP Kentucky Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.8 which is the second smallest in order of family members per housing unit of all the other places in the greater region. The place with the highest family members per housing unit in the area is Ironville CDP which shows a family members per housing unit of 3.6 (29.5% larger). Comparing family members per housing unit to the United States average of 3.3, Westwood CDP is about 18.1% smaller. Also, compared with the state of Kentucky, family members per housing unit of 3.1, Westwood CDP is about 11.7% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.9 which is in the center range of other places in the greater region. The place with the highest average number of rooms in a house in the area is Bellefonte which depicts an average number of rooms in a house of 8.2 (39.0% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1969 which is ranked #1 of all places in the greater Westwood CDP region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 less than most other places in the local area at 2% of the total. Second, it has the largest proportion of homes built between 2000 to 2009 at 11% of the total and is ranked #1. Third, it has the second smallest when ranked by homes built in 2014 or later of all the other places in the metro area when ranked by homes built between 1960 to 1969 at 15% of the total. Also, it has the second smallest in terms of homes built in 2014 or later of all the other places in the metro area as measured by homes built between 1940 to 1949 at 10% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 599 of the total and is ranked #3. Only #2 Ironton (1,882), and #1 Ashland (3,247) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has one of the largest proportions of 50 or more units at 16% of the total and is ranked #2. The only larger place being Coal Grove with 17%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2010 to 2013 less than most other places in the metro area at $62,700 of the total. Second, it has in the center range of other places in the surrounding region when ranked by value of homes built 1990 to 1999 at $132,400 of the total. Third, it has less than most other places in the area in order of value of homes built 1980 to 1989 at $124,400 of the total. Also, it has less than most other places in the greater region in order of value of homes built 1970 to 1979 at $107,800 of the total. In addition, it has one of the largest proportions of value of homes built 1960 to 1969 at $103,500 of the total and is ranked #2. The only larger place being Bellefonte with $170,500. Furthermore, it has one of the largest proportions of value of homes built 1950 to 1959 at $96,800 of the total and is ranked #2. The only larger place being Bellefonte with $575,000. Next it has the second smallest in order of value of homes built 2014 or later of all the other places in the metro area in terms of value of homes built 1940 to 1949 at $48,800 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Westwood CDP residents. it has a Owner-Household Size of 2.3 which is the second smallest when sorted by homeowner household size of all the other places in the metro area. The place with the highest homeowner household size in the area is Bellefonte which depicts a homeowner household size of 2.6 (12.7% larger).

Figure 37 shows the household size for renters. Westwood CDP depicts it has a Renter-Household Size of 2.4 which is the third most renter household sizes of all other places in the greater Westwood CDP region. The place with the highest renter household size in the area is Ironville CDP which depicts a renter household sizes of 3.1 (28.9% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 18% of the total and is ranked #2. The only larger place being Coal Grove with 18%. Second, it has one of the largest proportions of owners moved in 2015 to 2016 at 19% of the total and is ranked #3. Only #2 Bellefonte (23%), and #1 Ironville CDP (60%) are larger. Third, it has the smallest proportion of owners moved in 2010 to 2014 at 21% of the total. Figure 39 shows the year that people who rent moved into the area. Westwood CDP has the largest proportion of renters moved in 2017 or later at 28% of the total and is ranked #1. Second, it has the second smallest when ranked by renters moved in 2017 or later of all the other places in the local area as measured by renters moved in 2015 to 2016 at 32% of the total. Third, it has the largest proportion of renters moved in 1990 to 1999 at 10% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2002 which is the third most median year that a home owner moved in of all other places in the greater Westwood CDP region. Figure 41 compares the median year that renters moved into their home. Westwood CDP depicts it has a Renter Median Year Moved In of 2013 which is less than most other places in the metropolitan area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest as measured by homes using natural gas of all the other places in the local area at 29% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Westwood CDP housing department, Kentucky department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Westwood CDP indicates it has a Total In Group Quarters of 149 which is the third most of all other places in the greater region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Westwood CDP residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Westwood CDP has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.