Market Insight: Demographics in Westlake Hills, Texas
Examining the demographics of a particular area with high home property values, such as those who own homes in Westlake Hills, Texas, can give prospective homeowners helpful insight into the housing market, especially when searching for luxury homes for sale. While property values in Westlake will tell consumers how much they will pay for a luxury home, examining income demographics provides a frame of reference for future homeowners to use when selecting a market commensurate with their income. In addition, examining past income demographics also can inform consumers on the history of that particular market, and how dynamic or static the market has been over time, and how it has changed. Other useful demographic information informs consumers on the percentages of family versus non-family households, occupational employment, crime rates, and even weather trends.
According to recent population demographics, Westlake Hills is currently home to 29,643 residents, 14,626 of which are male, and 15,017 of which are female, with a median age of 39 years old. This marks a significant increase from the census of the year 2000, when there were 3,116 residents living in Westlake Hills. White collar workers outnumber their blue collar peers 26,011 to 7,814, with 46 percent of residents having earned a bachelor’s degree or a graduate degree. Of the 11,817 households residing in a Westlake Hills luxury home, almost 67 percent are family households, and 3,892 of those Westlake homes include children.
With the high percentage of family households, in some cases families with multiple incomes, the majority of residents employed in white collar professions, and the number of college graduates, it is no surprise that the average annual household income has been as high as $210,106. The median household income comes in significantly lower, at $128,063 annually. These figures represent a 38 percent increase in income from the year 2000, showing that the Westlake area has become even more affluent in recent years.
About the Author: Brain Talley has years of experience of working as a Westlake real estate agent in Austin, Texas. He is quite an expert and he loves to share his expertise with people. He enjoys discussing real estate trends, real estate market news to help people make informed decisions.
According to recent population demographics, Westlake Hills is currently home to 29,643 residents, 14,626 of which are male, and 15,017 of which are female, with a median age of 39 years old. This marks a significant increase from the census of the year 2000, when there were 3,116 residents living in Westlake Hills. White collar workers outnumber their blue collar peers 26,011 to 7,814, with 46 percent of residents having earned a bachelor’s degree or a graduate degree. Of the 11,817 households residing in a Westlake Hills luxury home, almost 67 percent are family households, and 3,892 of those Westlake homes include children.
With the high percentage of family households, in some cases families with multiple incomes, the majority of residents employed in white collar professions, and the number of college graduates, it is no surprise that the average annual household income has been as high as $210,106. The median household income comes in significantly lower, at $128,063 annually. These figures represent a 38 percent increase in income from the year 2000, showing that the Westlake area has become even more affluent in recent years.
About the Author: Brain Talley has years of experience of working as a Westlake real estate agent in Austin, Texas. He is quite an expert and he loves to share his expertise with people. He enjoys discussing real estate trends, real estate market news to help people make informed decisions.
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