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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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'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.
$392,471
for Ohio
for nation
5,176
$1,570 / per month