Willoughby, OH Real Estate
According to census data in the year 2000 there were 10,708 housing units in Willoughby.
This represents a 19.4% growth from 8,969 in 1990.
Of those housing units, 10,686 were located in either urbanized areas or urban clusters, and 22 were located in what is classified as a rural area.
Homeownership rate in Willoughby is about 59.5%.
Willoughby's vacancy rate, including seasonal lodging, is about 4.1%.
Average household size is 2.16 people.
The majority of houses, apartments or condos in Willoughby were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 14% |
| Two Bedrooms | 33.80% |
| Three Bedrooms | 37.70% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $129,000 |
| Median Price asked for vacant units | $125,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.79 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $663 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 13.50% |
| Simple Mortgage | 48.90% |
| Debt Free | 29.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
