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Affordable
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These days, finding an affordable place to live in the Willoughby area can be challenging. Home prices in Willoughby are now at a median cost of $229,256, lower than the Ohio average of $236,816.
The average cost of rent is $1,166/mo in Willoughby, primarily driven by the current value of real estate in the Willoughby area. In Willoughby, 36.17% of households rent, and 38.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Willoughby is $6,611 per month. Households that rent pay about 17.64% of their income on rent here. Willoughby’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eastlake, OH: less expensive homes
- Timberlake, OH: equally priced homes
- Willowick, OH: less expensive homes
- Waite Hill, OH: higher priced homes
- Wickliffe, OH: less expensive homes
- Willoughby Hills, OH: higher priced homes
- Kirtland, OH: higher priced homes
- Mentor-on-the-Lake, OH: less expensive homes
- Mentor, OH: higher priced homes
- Kirtland Hills, OH: higher priced homes
Cities with Similar Populations
- Alexandria, MN: higher priced homes
- Zion, IL: less expensive homes
- Zebulon, NC: higher priced homes
- Zachary, LA: higher priced homes
- Yulee, FL: higher priced homes
- Yucca Valley, CA: higher priced homes
- Wilmington, MA: higher priced homes
- Wildwood, MO: higher priced homes
- West Memphis, AR: less expensive homes
- Webster Groves, MO: higher priced homes
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