During this past month of September, the median rental price for a single family home in Westminster was $2,924 and median sale price for a single family home in the city was $627,500. There were approximately 72 homes listed for sale in the city at the end of September, compared with 72 in August. During the last month, homes sold within 48 days on the market and received 4 offers per sale on average.
City Housing Supply:
As of the end of 2017, the total count of existing housing units in the city was 27,918. Single family housing units make up the majority 61.39% of Westminster's housing units, 17,139 units total. Multifamily units make up 27 percent, or approximately 7,634. As of last year, the average housing density (people per household) was 3.48, compared with the state average of 2.97. At the end of the period, about 986 of housing units in the city were unoccupied, suggesting a vacancy rate of 0 percent.
Regulations & Outlook:
The City has finalized updates to it's residential zoning code that fully comply with State Laws SB 1069 and AB 2299 which allow for Accessory Dwelling Units (ADUs) to be developed on most single family lots. More commonly referred to as “Granny Flats” and “In-Law Units”, in Westminster as many as 10,112 homes may now be eligible to add some form of second dwelling unit. These laws are intended by The State to boost opportunities for housing production in cities in an effort to address the growing housing deficits local communities face accross The State. Typically secondary units are constructed by homeowners in backyards, converted garages and basements of single family residences. These new regulations could now allow individual homeowners to play a significant role to increase housing production in Westminster over the coming years. Consider for example, if just one percent of eligible homeowners in Westminster built an ADU each year, it would contribute an additional 505 units to the city's housing stock over the next five years and create hundreds of new local construction jobs.
Local News & Policy:
The city's latest residential zoning requirements for ADUs can be found on the Westminster City Page using the link or search bar at the bottom of this report. Recently More information on the latest local policies and requirements for ADUs will be available as they are passed. Check back each month for the latest changes in Westminster.
For homeowners and local developers who are interested in getting involved in the ADU movement locally in Westminster, use Housable to get insights about the ADU housing development potential of specific properties. Housable provides zoning, permitting, estimation and design tools, many of them free of charge, to help homeowners at any step plan, permit and build their ADU projects. Use property design and calculation tools any time, get low cost insights about the ADU potetnial of your property and connect with local professionals who can help with the process when you're ready to get started. Stay up to date with the latest local trends in housing production and join the ADU movement to create more housing in Westminster, one garage, basement, or backyard at a time.
Housing Growth Following incorporation in 1957, the City experienced a building explosion; during which most of the City's vacant land was absorbed. This rapid development was followed by a reduction in the rate of housing growth in the 1970s, which has continued into the present. As shown in Table 10, the City grew to an estimated total of 27,715 units in 2013, representing a 2.9 percent increase from 2000. The largest portion of Westminster's housing stock consists of single-family detached units, comprising 54.7 percent of the City's housing stock. Between 2000 and 2013 most of the City's housing growth occurred in multi-family units and multifamily developments of five or more units.
Overcrowding in Westminster is predominately experienced in renter households. The 2000 Census indicated that overall, 22.8 percent of the City's housing units are overcrowded. Approximately 39 percent of rental units (4,052) and 12 percent of owner-occupied units (1,958) were overcrowded in 2000
The amount of overcrowding in the City has been decreasing. According to the 2011 ACS, overall 3,987 or 14 percent of the City's housing units are overcrowded. This includes 1,083 overcrowded owner occupied units (or 6.9 percent of owner occupied units) and 2,904 overcrowded renter occupied units (or 22.6 percent of renter occupied units).
By 2011, this percentage had increased to 51.7 percent of households in Westminster overpaying for housing. According to the 2011 ACS, approximately 66 percent (8,356) renter households and 51 percent (5,164 owner households with a mortgage overpay for housing.
As indicated in Table 21, above, the current RHNA for this City is two (2) units, both of which are to be low or very-low income units. Similar to that which was proposed previously, the City has identified three sites that could accommodate these two units as shown in Table 21. One of the sites, Site V3, has an application pending for an 80-uniit single-family attached home subdivision.
Median Sales Price $627,500.00
Median Rental Price $2,924.00 Based on 840 sqft unit
Total Homes on Market 72
Average Days on Market 48
Average Offers per Sale 4
Total Housing Units 27918
Single-Family Units 17139
Other Type Units 3145
Unit Vacancy Rate 0.0353
Annual Units Produced (2017) 62
Go to Westminster ADU Zoning Page
City Population 89,701
City Area 10.05 sq. mi.
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State of CA California eases restrictions on 'granny units' - The Mercury News www.mercurynews.com 27/09/2016
State of CA Accessory Dwelling Units - California Department of Housing and ... www.hcd.ca.gov 01/01/2017
State of CA California Housing Revolution? https://www.city-journal.org/ 22/02/2018
State of CA A Guide to California Housing Construction Codes www.hcd.ca.gov 01/01/2017
State of CA With construction down, homeowners are investing in their properties and staying put https://themortgagereports.com 25/11/2018
Go to Westminster ADU Zoning Page
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