Willoughby, OH—44094
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Willoughby, OH
As of Oct '25, the median home price in Willoughby, OH is $282,000, with a year-over-year change of 4.3%. This indicates that home prices in Willoughby, OH are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $282,000 | 4.3% |
| Single Family | $305,000 | 4.1% |
| Condos | $186,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $112,000 | 6.7% |
2 Bed | $177,000 | 4.7% |
3 Bed | $265,000 | 4.3% |
4 Bed | $415,000 | 4.5% |
| 5 Bed | $569,000 | 4.6% |
% of Housing Stock
Rental Trends — Willoughby, OH
As of July '25, Rentcast reports the average rent in Willoughby, OH is $1,690, with a year-over-year rent change of 15.0%. Per bedroom, the median rent as of July '25 in Willoughby, OH is 1-bedrooms: $1,230, 2-bedrooms: $1,500, 3-bedrooms: $1,890, 4-bedrooms: $3,150. The most common rental property sizes in Willoughby, OH are 2-bedroom and 1-bedroom, accounting for 52.1% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,180 | $1,230 |
| 2 Bed Rent | $1,400 | $1,500 |
| 3 Bed Rent | $1,900 | $1,890 |
| 4 Bed Rent | $3,000 | $3,150 |
% of Rental Stock
Property Listings — Willoughby, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Willoughby, OH is 41. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | 10.0% |
Listing Count | 101 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 41 | -11.0% |
Demographics — Willoughby, OH
As of the latest ACS Survey released in 2023, Willoughby, OH has a population of 36,700, which has increased by 2.6% over the past 5 years. Willoughby, OH is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,700 | 2.6% |
% Under 18 | 17.2% | -8.5% |
% Seniors | 24.7% | 19.3% |
% WFH | 16.1% | 519.2% |
% w/ College Degree | 39.0% | 6.8% |
As of the latest ACS Survey released in 2023, Willoughby, OH is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Willoughby, OH is black, making up 7.2% of the population. Foreign-born residents account for 6.6% of the population in Willoughby, OH, and this percentage has decreased by 8.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.2% | -3.4% |
% Black | 7.2% | 24.1% |
% Hispanic | 2.1% | 110.0% |
% Asian | 1.7% | -32.0% |
% Foreign Born | 6.6% | -8.3% |
Mortgage and Risk — Willoughby, OH
According to HUD data as of 2023, there were 638 mortgage originations in Willoughby, OH, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Willoughby, OH. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 638 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Willoughby, OH
As of 2024, the percent of homes in Willoughby, OH under the Section 8 program is 10.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Willoughby, OH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 700 |
Total Units Section 8 | 660 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 79.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,180 | $1,150 |
| 2 Bedroom | $0 | $1,400 | $1,400 |
| 3 Bedroom | -$100 | $1,900 | $1,800 |
| 4 Bedroom | -$1,070 | $3,000 | $1,930 |
Affordability — Willoughby, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $282,000 |
| Median Household Income | $76,100 |