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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 Type1.20%
One Bedroom14%
Two Bedrooms33.80%
Three Bedrooms37.70%
Four Bedrooms11.40%
Five Bedrooms or more1.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.42
Median year structure was built1965
Median Value of occupied units$129,000
Median Price asked for vacant units$125,000

Rented Homes, Apartments and Condos

Average Household Size1.79
Median year structure was built1972
Median Monthly Rent asked for vacant units$663

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage7.80%
Home Equity Loan13.50%
Simple Mortgage48.90%
Debt Free29.50%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.9%