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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Willoughby Hills, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Willoughby Hills, OH Housing Market Trends

With a population of 9,961, 5,176 total housing units (homes and apartments), and a median house value of $392,471, Willoughby Hills real estate is some of the most expensive in Ohio, although Willoughby Hills home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Willoughby Hills, accounting for 52.57% of the city's housing units. Other types of housing that are prevalent in Willoughby Hills include single-family detached homes ( 43.54%), row houses and other attached homes ( 2.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.45%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Willoughby Hills primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Willoughby Hills has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Willoughby Hills built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Willoughby Hills built between 1940-1969 ( 34.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.03%). There's also some housing in Willoughby Hills built before 1939 ( 4.64%).

Willoughby Hills Home Appreciation Rates

Willoughby Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Willoughby Hills during the period has been just 5.25%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Willoughby Hills's appreciation rate, at 7.37%, has been at or slightly above the national average. In the latest quarter, Willoughby Hills's appreciation rate has been 0.89%, which annualizes to a rate of 3.60%.

Relative to Ohio, our data show that Willoughby Hills's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$392,471

Willoughby Hills, OH Home Prices
> $1,328,000
$996,001 - $1,328,000
$664,001 - $996,000
$531,001 - $664,000
$398,001 - $531,000
$265,001 - $398,000
$133,001 - $265,000
$66,001 - $133,000
$0 - $66,000
0.4%
0.4%
3.1%
3.1%
7.5%
7.5%
15.8%
15.8%
23.5%
23.5%
26.5%
26.5%
17.4%
17.4%
4.2%
4.2%
1.6%
1.6%
0% 100.0%
% of Homes
Very High

for Ohio

High

for nation

Number of Homes And Apartments:

5,176

Willoughby Hills Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,570 / per month

Homeownership Rate

Owners
Renters
44.3%
44.3%
55.7%
55.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.1%
6.1%
93.9%
93.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.0%
9.0%
52.1%
52.1%
34.2%
34.2%
4.6%
4.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
43.5%
43.5%
2.4%
2.4%
1.5%
1.5%
52.6%
52.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
23.1%
23.1%
30.5%
30.5%
23.3%
23.3%
17.9%
17.9%
3.3%
3.3%
0% 100.0%
% of Homes