Westlake, FL 33470

Meadows Of Westlake Demographics

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Real Estate Owner & Seller Storage & Parking Market Insights Demographics

Age

46.9 ±1.6

Median age

about 10 percent higher than the figure in Cleveland, OH Metro Area: 41.6 ±0.1

about 20 percent higher than the figure in Ohio: 39.8 ±0.1

Units & Occupancy

15,559 ±464

Number of housing units

less than 10 percent of the figure in Cleveland, OH Metro Area: 1,018,605 ±299

less than 10 percent of the figure in Ohio: 5,336,168 ±1,425

Geographical mobility

11.8% ±3.5% (3,979 ±1,195)

Moved since previous year

a little higher than the rate in Cleveland, OH Metro Area: 11.5% 247,389 (±0.6% /±12,303)

about the same as the rate in Ohio: 11.8% 1,383,489 (±0.5% /±53,484)

32,970 ±41

Persons per household

less than 10 percent of the figure in Cleveland, OH Metro Area: 2,126,945 ±445

less than 10 percent of the figure in Ohio: 11,586,466

Fertility

4.9% ±1.9% (328 ±125)

Women 15-50 who gave birth during past year

about 90 percent of the rate in Cleveland, OH Metro Area: 5.3% 25,173 (±0.2% /±1,180)

a little less than the rate in Ohio: 5.1% 138,576 (±0.3% /±6,966)

Poverty

4.9%

Persons below poverty line

about two-fifths of the rate in Cleveland, OH Metro Area: 13.4% 285,896 (±0.3% /±6,265)

about two-fifths of the rate in Ohio: 12.7% 1,467,983 (±0.3% /±33,353)

Transportation to work

N/A

Mean travel time to work

Disclaimer: The demographic information presented on this site has been provided by the Census Reporter Team. We extend our gratitude for their exceptional contributions and efforts.

30-year fixed · Sep 24, 2026

7.03%

+0.08

vs last week

A year ago

6.3%

Sep 24, 2025

All-time peak

16.64%

in 1981

Long-run average

7.7%

1971–2025

30-year15-year

All25y10y

When would rates drop?

Mortgage rates track the 10-year Treasury yield. Big drops historically needed one of these catalysts

A recession

Credit demand falls and investors move into Treasuries, pushing yields down

Aggressive Fed intervention

Rate cuts plus buying bonds and mortgage-backed securities force borrowing costs down

Inflation cooling fast

Lenders need less premium over inflation, so yields and mortgage rates ease

A global flight to safety

Shocks send capital into U.S. debt markets, pulling yields down quickly

It has happened before

30-year fixed rate, Freddie Mac weekly averages.

2008 financial crisis

Housing collapse, recession, then Fed bond buying from late 2008

6.5%

Mid 2007

<5%

Early 2009

2020 pandemic

Emergency cuts to zero and large purchases of Treasuries and mortgage bonds

3.7%

Jan 2020

2.65%

Jan 2021

Source: Freddie Mac PMMS via FRED. Past moves are context, not a forecast. Market information, not lending advice.

Local Realty Service Provided By: Hyperlocal Advisor. Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS & Beaches MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.